Leading cryptocurrency exchange KuCoin admits to operating an unlicensed money transmitting business, resulting in substantial fines and a temporary exit from the U.S. market.
North Korean hackers have stolen $1.34 billion through cryptocurrency hacks this year, doubling their previous year’s haul. They were responsible for two-thirds of global cryptocurrency thefts in 2024, with funds partly used to support the country’s missile and nuclear programs.
In December 2023, Robinhood launched its cryptocurrency trading service in the EU, marking a significant step in its global expansion efforts. This move allows users across the EU to trade cryptocurrencies through Robinhood’s platform
In May 2024, the US Congress advanced the Financial Innovation and Technology for the 21st Century Act to the full House of Representatives. The bill aims to provide regulatory clarity for digital assets, defining responsibilities between agencies like the CFTC and SEC.