Nigeria Files $81 Billion Lawsuit Against Binance
Nigeria has initiated a legal action against Binance, the world’s largest cryptocurrency exchange, seeking $81.5 billion in compensation for alleged economic damages and unpaid taxes.
Brazil to Launch First Spot XRP ETF
Brazil is set to introduce what might be the world’s first spot XRP exchange-traded fund (ETF) following the approval of Hashdex’s XRP fund by the country’s regulator.
BitGo Rolls Out an OTC Trading Desk for Institutions
BitGo has announced the launch of its extensive OTC trading desk.
Coinbase Sued for Violating Securities Laws
Coinbase, along with several of its executives, is facing a shareholder lawsuit accusing them of misleading investors about the company’s bankruptcy risks and violating securities laws.
Nigeria to Introduce Tax on Crypto
Nigeria’s Securities and Exchange Commission (SEC) is developing a plan to impose taxes on crypto transactions as part of a broader strategy to boost government revenue.
EU Watchdog to Assess Knowledge of its Crypto Staff
The European Securities and Markets Authority (ESMA) has introduced comprehensive guidelines that mandate crypto-asset service providers to ensure their staff meet rigorous knowledge and competency standards.
Standard Chartered Teams Up with Animoca and HKT to Launch an HKD-Backed Stablecoin
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and HKT have announced a collaborative venture to create and issue a stablecoin backed by the Hong Kong dollar.
