Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license

    The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and [a] lack of clarity” on regulations in the U.S. The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab…

    US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined

    The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The United States Department of Justice (DOJ) is on the…

    Coinbase launches zero trading fee subscription service

    Coinbase’s new subscription service, “Coinbase One,” is expected to roll out across 35 countries in the near future. Cryptocurrency exchange Coinbase is set to launch its subscription service called “Coinbase One” across 35 countries. Initially, only customers in the United Kingdom, Germany and Ireland will have access to Coinbase One. According to the May 18 announcement,…

    FBI, Ukraine seize 9 exchange domains on money laundering allegations

    The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures. Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement. According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of Ukraine…

    Hong Kong security regulator to issue crypto license guidelines in May

    The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung. The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on…

    Draft bill suggests separating legislation on payment stablecoins and digital asset markets

    The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study. Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital…