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In the aftermath of the unprecedented $1.5 billion hack of cryptocurrency exchange Bybit on 21 February 2025, European regulators are now scrutinising the potential involvement of OKX, another prominent crypto exchange, in facilitating the laundering of the stolen assets. The Bybit hack, attributed to North Korea’s Lazarus Group, exploited a vulnerability in Bybit’s security infrastructure,…
The Markets in Crypto-Assets Regulation (MiCA) represents a landmark legal framework introduced by the European Union (EU) to regulate cryptocurrency markets. Adopted in June 2023, the regulation will come into full effect by 30 December 2024. MiCA aims to bring transparency, investor protection, and market stability to the growing digital asset industry. What is the…
Binance, one of the world’s largest cryptocurrency exchanges, has announced plans to remove several stablecoins for users in the European Economic Area (EEA) by 31 March 2025. This decision is in response to the European Union’s Markets in Crypto-Assets Regulation (MiCA), which establishes a comprehensive framework to govern cryptocurrency activities across member states. Impact of…