Fraud
Pig butchering schemes, a type of APP scam, often involve victims being persuaded to invest in cryptocurrency, which is then transferred to an external wallet controlled by scammers. Virtual Financial Assets Service Providers (VFASPs) and Crypto-Asset Service Providers (CASPs) play a significant role in these schemes, as they facilitate the
Financial services
The European Banking Authority (EBA) has issued a No Action letter to provide regulatory relief to crypto-asset service providers (CASPs) regarding the regulatory overlap between the Payment Services Directive (PSD2) and the Markets in Crypto-Assets Regulation (MiCA) concerning electronic money tokens (EMTs). The letter aims to avoid unnecessary dual authorisations
Financial services
The European Banking Authority's (EBA) Opinion, published on 10 June 2025, provides crucial guidance on how electronic money tokens (EMTs) interact with the second Payment Services Directive (PSD2) and the Markets in Crypto-Assets Regulation (MiCA). The Opinion aims to resolve the regulatory grey area for crypto-asset service providers
Cryptocurrencies
The Senate has passed a bill to create a framework for regulating stablecoins, a type of cryptocurrency tied to the value of another asset, such as the U.S. dollar. The bill, dubbed the GENIUS Act, would establish new guardrails for the industry, including requiring companies to hold a reserve
Cryptocurrencies
A landmark bill to regulate cryptocurrency, dubbed the GENIUS Act, has passed the Senate with a significant margin, paving the way for digital assets to go mainstream. The bill's passage marks a turning point for the crypto industry, which has been aggressively lobbying Congress to get a framework
Financial services
As the debut of American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., has sparked increased scrutiny over the intersection of the Trump family's business interests and the policies of the administration. The Trump family's expanding crypto empire has raised concerns about
Financial services
The Senate on Tuesday passed the GENIUS Act, a bipartisan legislation aimed at establishing a regulatory framework for stablecoins. The bill, which has been a long time coming for the cryptocurrency industry, marks a significant step towards giving the sector the credibility and legitimacy it has sought. The legislation, which
Cryptocurrencies
Millions of people worldwide are eager to explore Bitcoin, with its potential as both a store of value and a medium of exchange. Understanding the process of buying Bitcoin easily can open doors to the world's most popular cryptocurrency. With various methods available, from cryptocurrency exchanges to Bitcoin
Fraud
Aleksei Andriunin, 26, the founder and CEO of Gotbit Consulting LLC, a financial services firm known for its market-making activities in the cryptocurrency industry, was sentenced to eight months in prison and one year of supervised release for his role in manipulating cryptocurrency trading volume on behalf of client companies.
Cryptocurrencies
Millions of people worldwide are eager to explore Bitcoin, with its potential as both a store of value and a medium of exchange. Understanding the process of buying Bitcoin easily can open doors to the world's most popular cryptocurrency. With various methods available, from cryptocurrency exchanges to Bitcoin
Fraud
India's rapidly growing crypto market has exposed vulnerabilities in the form of cryptocurrency fraud, with scams involving fake exchanges, Ponzi schemes, and ransomware attacks becoming increasingly common. Despite the Supreme Court's lifting of restrictions on banking services for cryptocurrency traders in 2020, the absence of clear
Fraud
Six current and former La Liga players, including Ivan Rakitic and Javier Saviola, are being investigated for their involvement in a £3m cryptocurrency and NFT scam. The players allegedly allowed their image to be used for the project, which promised great profits but turned out to be a fraudulent scheme.
