Category: crypto

Kenya plans to deploy blockchain surveillance software to regulate licensed crypto businesses, tracking transactions across 20 blockchains. This follows the country’s new virtual asset law. The Capital Markets Authority is seeking advanced analytics software to monitor digital asset activity, support regulatory investigations, and strengthen compliance oversight. Kenya joins global regulators in using blockchain analytics.

India’s central bank has recommended a cryptocurrency policy leaning towards prohibition and warned against offshore trading making tax enforcement difficult. The Reserve Bank of India supports keeping cryptocurrencies and stablecoins outside the regulated financial system, while tax authorities raised concerns over gaps in reporting and tracing transactions conducted through overseas exchanges and private wallets.

Base has activated the B20 token standard on the mainnet, allowing developers to issue stablecoins, tokenized assets, and other fungible tokens. The standard includes issuer controls and is compatible with ERC-20 wallets and infrastructure. This launch follows recent sequencer outages and a delay in the Beryl network upgrade.

Dunamu has been chosen as the preferred bidder to oversee digital assets seized by South Korea’s National Police Agency for a one-year custody contract. The procurement process raised questions about fairness, with Dunamu scoring the highest in technical and price evaluations. The decision follows incidents of lost seized cryptocurrencies.

MiCA has drastically changed the European crypto market, leaving only 244 licensed firms operating in the EU after the deadline. Many companies exited or restructured due to the new regulations. Compliance with MiCA is costly and challenging, leading some crypto projects to explore alternative regulatory options in other countries like Switzerland.

American CryptoFed is urging the SEC to recognize its Locke token registration before the August 17 deadline. The organization plans to launch Locke token trading on Uniswap while following SEC disclosure requirements. Progress on the CLARITY Act could support its stablecoin-linked decentralized monetary system. They are working towards meeting regulatory requirements.

Polymarket is being sued in New York for allegedly denying payouts on a Bitcoin prediction market. The lawsuit claims that the market was resolved incorrectly despite a Bitcoin sale being disclosed in an SEC filing. Plaintiffs are seeking damages for breach of contract and deceptive business practices. Regulatory scrutiny of Polymarket is also ongoing.

Naver Financial and Dunamu have postponed their share swap completion for a second time, now expected on Dec. 31 due to pending regulatory approvals. The deal, with an exchange ratio of 2.5422618 Naver Financial shares for every one Dunamu share, could face further delays or cancellation depending on approvals and legislative developments.

Tether is set to launch native USDT on Bitcoin through the RGB protocol in the coming weeks, enabling seamless transfers with improved privacy and lower transaction friction. UTEXO is leading the commercial rollout, aiming to bring USDT back to Bitcoin after years of development. This move could establish Bitcoin as a settlement layer for digital…

RealFi has launched its public testnet for its yield-bearing stablecoin infrastructure, USDr and sUSDr, ahead of a mainnet release later this year. The platform generates returns from traditional fixed income assets, aiming for up to 9% APY. The testnet will allow users to test the platform before its full launch on Cardano and Ethereum.