News
Stay updated with the latest blockchain and cryptocurrency news, trends, and insights from MENA and globally. Explore breaking stories, in-depth analysis, and industry updates on UNLOCK Blockchain.
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South Korea’s FSC Orders Temporary Halt to Crypto Lending Services
The South Korean Financial Services Commission (FSC) has ordered local cryptocurrency exchanges to suspend their lending services until new regulatory…
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South Korea to Introduce Stablecoin Regulation Bill This October
South Korea is moving forward with plans to introduce legislation that could lay the groundwork for regulating a stablecoin tied…
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Major U.S. Banks and Companies Explore Dollar-Backed Stablecoins After GENIUS Act
Major U.S. banks and corporations are eyeing dollar-backed stablecoins after the GENIUS Act established the first-ever U.S. federal framework for…
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Bank of America, Citigroup, and JPMorgan Eye Stablecoins Amid U.S. Crypto Push
Several major U.S. banks, including Bank of America, Citigroup, and JPMorgan Chase, are exploring the launch of their own stablecoins…
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Bitcoin’s Price Milestone Marks a Shift in Institutional Finance
Bitcoin smashed through $120,000 earlier this month, setting new all-time highs that highlight more than just bullish retail sentiment. Rather,…
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Bank of America Set to Enter Stablecoin Market Pending Regulation
Bank of America (BoA) CEO Brian Moynihan recently confirmed that the bank is prepared to enter the stablecoin market once…
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BaFin Tightens Regulations on Asset Managers’ Direct Crypto Investments
Germany’s financial regulator, BaFin, is tightening regulations on asset management firms investing directly in crypto assets, which have gained popularity…
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ADGM Consultation Paper on Virtual Assets Draws Legal Insights
The Abu Dhabi Global Market (ADGM) recently issued Consultation Paper No. 10 of 2024, inviting market participants to provide feedback on…
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Do Kwon to be Extradited to South Korea, Montenegro Court Rules
Do Kwon, co-founder of the bankrupt Terraform Labs, will be extradited to South Korea following a ruling by a Montenegro…
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Senator Roger Marshall Withdraws Support for Warren’s Controversial Crypto AML Bill
US Senator Roger Marshall, R-Kan., has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA), a…
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