Australian Court Fines Kraken's Local Operator $8M for Unlicensed Credit Services
Bit Trade, operating Kraken crypto exchange in Australia, faces an $8M penalty for offering margin trading without proper regulatory compliance. The landmark case clarifies the regulatory treatment of cryptocurrency lending services and highlights increasing oversight of digital asset businesses.
Vancouver Takes Bold Step Towards Bitcoin Integration in City Finances
Vancouver's City Council has approved a pioneering motion to explore Bitcoin adoption as a reserve asset and payment method for municipal services. Mayor Ken Sim leads the initiative with a personal Bitcoin donation, despite regulatory hurdles and environmental concerns.
El Salvador and Argentina Form Historic Partnership to Advance Crypto Regulation
El Salvador and Argentina's regulatory bodies have joined forces to develop cryptocurrency frameworks and foster innovation across Latin America. The partnership between the nations' respective commissions aims to facilitate international expansion while maintaining proper oversight of digital assets.