EU proposes centralized crypto licensing under ESMA, raising industry concerns

European Commission seeks expanded powers for financial regulator I think this is one of those regulatory moves that could really shape how crypto develops in Europe over the next few years. The European Commission just put forward a proposal to give the European Securities and Markets Authority (ESMA) direct supervisory powers over crypto-asset service providers,…

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Indian authorities report smugglers shift to stablecoins for cross-border crime

Criminal Groups Adopting Crypto for Smuggling Operations India’s Directorate of Revenue Intelligence has published a report showing something I find quite concerning. Criminal networks are moving away from traditional hawala money transfer systems and embracing stablecoins instead. The shift appears to be happening faster than many expected. The 2024-25 Smuggling in India Report details how…

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Turkish Crypto Exchange Paribu Acquires CoinMENA for $240 Million

Major Cross-Border Crypto Deal Completed Paribu, one of Turkey’s leading digital asset platforms, has made a significant move by acquiring Bahrain-based cryptocurrency exchange CoinMENA. The deal is valued at up to $240 million, which makes it Turkey’s largest fintech acquisition to date. More importantly, it represents the country’s first major cross-border crypto transaction. The announcement…

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Argentina’s state oil firm considers crypto payments for fuel

State energy company explores digital payment options YPF, Argentina’s state-controlled energy company, is reportedly looking at allowing cryptocurrency payments for gasoline and diesel. This comes as digital assets become more common in everyday transactions across the country. The plan, according to local news reports, would likely use third-party processors rather than direct wallet payments. Companies…

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Russian official says two-thirds of fraud proceeds laundered through cryptocurrency

Russian Official Highlights Cryptocurrency Money Laundering Concerns Evgeny Masharov, a member of Russia’s Commission for Public Review of Bills and Regulatory Acts, recently shared some concerning statistics about cryptocurrency use in criminal activities. According to his statements to the TASS news agency, about two-thirds of funds obtained through defrauding Russian citizens end up being laundered…

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South Korea aims to pass digital asset act in January after stablecoin deal

Political breakthrough on stablecoin framework South Korean lawmakers have finally reached an agreement on the most contentious part of their digital asset legislation—the stablecoin framework. This had been holding up negotiations for months, but now both ruling and opposition parties have settled on a consortium model. From what I understand, banks will hold majority stakes…

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