CryptoNews

Uruguay Passes Cryptocurrency Law

October 3, 2024
Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to offer cryptocurrency services. The law positions Uruguay at the forefront of Latin American countries that have already included crypto in their regulatory frameworks. Uruguay Enacts Cryptocurrency Law After…
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CryptoNews

Ripple Gets Green Light for Dubai Expansion

October 3, 2024
Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will…
CryptoNews

Malicious Crypto-Stealing App Exposed on Google Play

September 30, 2024
An app on Google Play was discovered stealing cryptocurrency from users, employing advanced social engineering and trusted protocols. Check Point Research exposed the app after it had siphoned $70,000, deceiving over 150 victims. The attackers used the Walletconnect protocol to appear legitimate, manipulating Google search rankings and avoiding detection through encryption and obfuscation…
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Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams

September 30, 2024
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion…
CryptoNews

Paypal Rolls Out Crypto Features for Business Accounts

September 27, 2024
Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in digital currencies, including the launch of Paypal USD (PYUSD) and its integration with the Solana blockchain for greater…
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Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

September 27, 2024
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This…
CryptoNews

Binance Helps Indonesian Authorities Recover Funds in Crypto Fraud Bust

September 25, 2024
iCrypto exchanges Binance and Tokocrypto collaborated with Indonesian authorities enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that received the stolen funds were arrested,” Binance stated. Binance and Tokocrypto Help Bust Major Crypto Fraud in Indonesia Crypto exchange…
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