The Week In Global Crypto News: IMF Urges Tightened Regulations, El Salvador’s BTC Treasury, and More
This past week has been a whirlwind of news and updates in the world of cryptocurrency and blockchain technology. From global regulations to security breaches and new job listings, there is no shortage of information to digest. WeekInFocus, your trusted ally in staying up to date with the latest developments, is here to summarize the key highlights for you.
The International Monetary Fund (IMF) has urged Nigeria to tighten regulations on crypto platforms, suggesting that they should be subject to the same registration and licensing requirements as traditional financial institutions. Meanwhile, El Salvador has unveiled a real-time Bitcoin treasury tracking platform online, showcasing its holdings of 5,748 BTC valued at around $360 million.
In the UK, a crypto firm has been shut down for providing poor advice to clients, leading to significant financial losses. On the other hand, Oklahoma has passed a crypto bill that protects the right to self-custody digital assets, while Swiss authorities are looking to implement a global crypto reporting framework.
In India, the Securities and Exchange Board of India (SEBI) has recommended multiple regulators oversee crypto trading in the nation, emphasizing the importance of regulation in the industry. However, a Nigerian court has denied bail to a Binance executive in a money laundering case, sparking legal battles.
On the platform and tokens front, Chinese police have busted a $310 million crypto trading scheme, resulting in six arrests. In the US, the Department of Justice (DOJ) has arrested brothers in a $25 million Ethereum exploit case, highlighting the need for maintaining blockchain security and integrity.
Project updates include Runes protocol experiencing a decline in activity after an initial surge, and Bahrain-based crypto exchange Rain facing a $14.1 million security breach. Additionally, former CFTC chair Chris Giancarlo has been appointed to the Paxos board, signaling continued growth and interest in the crypto industry.
To stay informed and engaged, check out the latest podcasts and interviews, including topics like “3 MAJOR EVENTS FOR CRYPTO” and “This Bitcoin Cycle Will Be Massive.” And if you’re looking for new opportunities, explore job listings in full-stack engineering, protocol engineering, and more.
As we wrap up another eventful week, remember that WeekInFocus is here to guide you through the ever-evolving world of cryptocurrency and blockchain technology. Stay curious, stay motivated, and keep thriving as you navigate the exciting possibilities ahead. Until next time, keep focused and keep learning with WeekInFocus by CoinCodeCap.
