Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

March 18, 2025 Bitcoin.com

South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that reserves […]

Cboe seeks approval for Fidelity’s Solana ETF

Pakistan Crypto Council Launches to Regulate Digital Assets

March 17, 2025 Bitcoin.com

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The newly established Pakistan Crypto Council aims to integrate blockchain technology and digital assets into the country’s financial system through clear regulations and innovation-driven policies. Finance Minister Muhammad Aurangzeb, serving as Chair, emphasized the government’s dedication to fostering a secure and progressive crypto ecosystem. The initiative reflects Pakistan’s proactive stance on positioning itself as a […]

Cboe seeks approval for Fidelity’s Solana ETF

Vietnam to Draft Legal Framework for Digital Assets by March

March 3, 2025 Bitcoin.com

Asia

Vietnam’s Prime Minister Pham Minh Chinh has instructed the Ministry of Finance and the State Bank of Vietnam to draft regulations for digital assets and currencies, with a proposal expected in March. This directive, part of Directive No. 05, aims to drive economic growth to at least 8% in 2025. Despite the absence of a […]

Cboe seeks approval for Fidelity’s Solana ETF

Ripple’s President: South Korea Preparing for Institutional Crypto Boom

March 2, 2025 Bitcoin.com

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South Korea is preparing for a surge in institutional cryptocurrency adoption, with Ripple expanding its footprint through a partnership with BDACS. “South Korea is gearing up for a wave of institutional crypto adoption,” said Monica Long, Ripple’s president, emphasizing the growing need for secure, enterprise-grade custody solutions. BDACS will implement Ripple Custody to provide a […]

Cboe seeks approval for Fidelity’s Solana ETF

Feds Take Down 73-Year-Old in $2.4M Crypto Conspiracy—Prison Time Looms

March 1, 2025 Bitcoin.com

Feds Take Down 73-Year-Old in .4M Crypto Conspiracy—Prison Time Looms

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A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule and co-conspirator Gregory C. Nysewander converted illicit funds into cryptocurrency and funneled them to accounts controlled by domestic and foreign partners. To evade detection, they […]

Cboe seeks approval for Fidelity’s Solana ETF

FBI Arrests Three in Pig Butchering Crypto Scam Tied to $13M Fraud Scheme

February 27, 2025 Bitcoin.com

FBI Arrests Three in Pig Butchering Crypto Scam Tied to M Fraud Scheme

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Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.” The suspects, including Chinese nationals Mingzhi Li and Zeyue Jia, along with Jun Shi, allegedly created shell companies—Magic Location Trading and Stone Water Trading—to operate unregistered money service businesses that funneled funds […]

Cboe seeks approval for Fidelity’s Solana ETF

Putin Eyes Western Companies’ Comeback as US-Russia Tensions Shift

February 24, 2025 Bitcoin.com

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As Russia anticipates a possible return of Western corporations, President Vladimir Putin has instructed his cabinet to prioritize domestic firms over foreign businesses seeking to re-enter the market. This move follows economic sanctions imposed after Russia’s 2022 invasion of Ukraine, which led to the departure or downsizing of over 1,800 foreign companies. Recent talks between […]

Cboe seeks approval for Fidelity’s Solana ETF

China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions

January 2, 2025 Bitcoin.com

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China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of […]

Cboe seeks approval for Fidelity’s Solana ETF

Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities

December 29, 2024 Bitcoin.com

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The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant authorities. Engaging in these activities without authorization may result in penalties under Cambodia’s […]

Cboe seeks approval for Fidelity’s Solana ETF

Millions in SOL at Stake: Solana Co-Founder Hit With Fraud Lawsuit by Ex-Wife

December 28, 2024 Bitcoin.com

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Stephen Akridge, a co-founder of blockchain platform Solana, faces a lawsuit from his ex-wife, Elisa Rossi, alleging he misappropriated millions in solana (SOL) token profits. Rossi claims Akridge exploited his advanced crypto knowledge to secretly collect her staking rewards. The lawsuit, filed in San Francisco Superior Court, seeks damages for fraud, unjust enrichment, and breach […]

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