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The US Treasury Department significantly expanded its ability to crack down on Iran’s digital asset activity on August 24, giving the Office of Foreign Assets Control new authority to go after foreign companies and individuals who support the country’s crypto industry. Treasury Secretary Scott Bessent described the broader package of measures, spanning digital assets alongside […]
Crypto businesses operating in Pakistan finally have a formal channel to seek legal approval, after the Pakistan Virtual Assets Regulatory Authority(PVARA) switched on its licensing portal this week. The launch follows the notification of rules spelling out exactly how exchanges and other virtual asset service providers must conduct themselves under the country’s new regulatory regime. […]
Ethereum-based lending protocol Term Finance suffered a governance-based attack that drained roughly $8.5 million from its vault products, according to blockchain security firms tracking the incident. In response, Term Labs moved quickly to permanently shut down all Term Meta Vaults, cutting off new deposits while still allowing existing users to withdraw their funds. PeckShield’s analysis […]
In a major development, Japan’s crypto registry has a new addition for the first time since 2022, with Laser Digital Japan clearing the regulatory bar needed to operate as a licensed exchange in the country. The firm, a subsidiary of Nomura’s digital-asset arm Laser Digital, confirmed Friday it had finished registering as a crypto asset […]