In a recent exclusive interview with BeInCrypto, Ross Edwards, Senior Director for Solutions and Delivery at Ripple, offers insights into why the XRPL is uniquely positioned to bridge traditional finance with DeFi. Instant Settlement, Stability, and Lower Risk: Why XRPL is Suitable for Financial Institutions When discussing the XRPL’s role…
Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has slammed U.S. regulators for unfairly targeting the cryptocurrency industry in money laundering investigations while allowing traditional banks to slip under the radar. In a recent X post, Alderoty pointed to the New York Federal Reserve’s reported role in enabling large-scale illicit transfers,…
The Central and Southern Asia and Oceania (CSAO) region accounted for $750 billion in crypto inflows between July 2023 and June 2024, making it one of the largest crypto markets globally. According to Chainalysis’ 2024 Geography of Cryptocurrency report, the region represents 16.6% of global crypto value received, ranking behind…
Nigeria’s Securities and Exchange Commission (SEC) is preparing to ramp up enforcement actions against crypto exchanges and other businesses operating outside of its regulatory oversight, according to local media reports. The crackdown is part of the watchdog’s broader strategy to protect investors and maintain market stability in the country’s fast-growing…
The Nigerian cryptocurrency scene is heading for a face-off as the country’s SEC prepares to take aggressive action against unregulated crypto exchanges. As digital currencies become more popular, the SEC is serious about stopping platforms that are operating without approval. The big question is: Who will survive this crackdown, and…
As regulatory frameworks strengthen across the region, exchanges like OKX are seizing new opportunities. At the same time, India is rethinking its stance on global platforms, and Japan is moving toward more favorable tax treatment for crypto investors. OKX Secures Key License for Singapore Expansion On September 5, OKX, one…
The U.S. Federal Reserve has issued a cease-and-desist order against United Texas Bank (UTB), one of the few remaining American financial institutions still catering to crypto companies. The central bank cited “significant deficiencies” in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management tied to…
Former U.S. President Donald Trump is making bold promises to turn the U.S. into the “crypto capital of the planet” if he wins the upcoming presidential election. In his latest move, Trump enters the crypto space, questions are rising about how his new venture, World Liberty Financial (WLFI), might fit…
India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess…
In a recent announcement, Japan’s three megabanks—MUFG, SMBC, and Mizuho—are launching a pilot program for a cross-border stablecoin transfer platform called “Project Pax.” The initiative aims to improve the speed and efficiency of international business settlements. The trial will be run in collaboration with blockchain firms Progmat, Datachain, and TOKI,…