Worldcoin has gained significant traction in Argentina, verifying the World ID of 9,500 Argentinians in a single day, despite facing an investigation by a local agency.
Law enforcement agencies in Kenya reportedly raided Worldcoin's warehouse in Nairobi and seized documents and machines related to its biometric data collection.
The Monetary Authority of Singapore has released a whitepaper in collaboration with the IMF and the central banks of Italy and South Korea. The proposal seeks common conditions for retail payments with digital money on a distributed ledger.
Gemini has announced that Singapore will serve as its hub for operations in the Asia Pacific region. The Winklevoss-owned crypto exchange plans to hire over 100 employees for its Singapore office over the next 12 months
The prosecutor heading the probe into Do Kwon and Terraform Labs believes that Do Kwon may be handed a record 40 year prison sentence. The Terra founder could then be extradited to the US to face trial and serve a separate jail term if convicted.
The Financial Conduct Authority of UK has unveiled stricter rules for crypto marketing in the country. The new rules will prevent crypto firms from offering "refer a friend" schemes and will require new crypto investors to have a 24 cooling off period.
The Russian Government has abandoned a plan to launch a national crypto exchange. The country will instead establish a regulatory framework for crypto trading platforms which would help local businesses avoid sanctions.
A joint venture between Binance and Gulf Innova is set to launch a new crypto exchange in Thailand by Q4'2023 after receiving regulatory approval from the country's Ministry of Finance.
