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Article by Steve Kaaru

China targets digital asset transactions with stricter forex laws
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7 January, 2025

China targets digital asset transactions with stricter forex laws

China’s forex regulator has demanded that banks flag any risky trade, including those related to ‘crypto’ as it intensifies its...
Cyprus orders VASPs to prove compliance by January 10
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6 January, 2025

Cyprus orders VASPs to prove compliance by January 10

CySEC has granted a grace period for MiCA compliance until July 2026 but wants VASPs to prove they were operational...
Turkey steps up ‘crypto’ AML rules; Malaysia targets Bybit
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6 January, 2025

Turkey steps up ‘crypto’ AML rules; Malaysia targets Bybit

Malaysia has added Atomic Wallet to its list of unauthorized operators and ordered Bybit to halt operations for operating without...
Nokia files Chinese patent for digital asset encryption device
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6 January, 2025

Nokia files Chinese patent for digital asset encryption device

Nokia’s patent application describes a “device, method, and computer program” that encrypts digital assets, indexes them, and more, but the...
Russia’s CBDC faces opposition; T-Bank dabbles in tokenization
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30 December, 2024

Russia’s CBDC faces opposition; T-Bank dabbles in tokenization

Consumer-to-business payments will be free over the next year, while B2B and C2C payments will be free permanently. Banks say...
Africa’s 2024 in review: Adoption unfazed, regulatory reckoning
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27 December, 2024

Africa’s 2024 in review: Adoption unfazed, regulatory reckoning

It was a year of regulatory reckoning for VASPs, which had operated unchecked in Africa for years. Meanwhile, BSV Association’s...

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