South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law

A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July 6 letter, which has also been sent to the CEO and…

Russia Drafting Law on Confiscation of Crypto Assets

Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation to allow for the confiscation of crypto assets found to be proceeds from crime,…

Daily Crypto News- Visa Customers Have Spent Over $1B On Crypto-Linked Cards This Year

Aave Follows Footsteps of Compound Treasury and CoinBase X, Offering Institutional Support   It appears that Aave plans to enter the institutional support space sometime soon before the end of the month, offering crypto support to large institutional investors. Aave and Fireblocks plan to launch “Aave Pro” in July, which will “enable institutions and corporates…

US Congressman Declares Investments in Dogecoin, Ethereum, Cardano

A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing, the congressman bought cryptocurrency cardano (ADA), dogecoin (DOGE), and ether (ETH) during May and June.…