Nigeria finds itself at the heart of a significant legal confrontation with Binance, the largest cryptocurrency exchange globally, regarding an $80 billion lawsuit. This contentious issue revolves around allegations of tax evasion, economic destabilization, and illicit financial activities. The
The financial industry is experiencing rapid changes, magnified by advancements in technology, evolving consumer expectations, and shifts in regulatory frameworks. Amid these transformations, maintaining regulatory compliance remains paramount for financial institutions. This requirement persists
In a bold move that signals a significant shift in the U.S. crypto trading landscape, Coinbase has rolled out perpetual futures trading for its American users. This innovation promises around-the-clock access to the highly dynamic crypto derivative markets. The strategic deployment of perpetual
The European Union's (EU) Digital Operational Resilience Act (DORA), which came into effect in January 2025, is a pioneering legislative framework aimed at bolstering operational resilience within the financial sector across the EU. This meticulous legislation addresses critical aspects such as
On March 6, 2025, Chairman Tim Scott (R-S.C.) introduced the Financial Integrity and Regulation Management (FIRM) Act, a pivotal piece of legislation poised to eliminate the use of reputational risk in regulatory supervision. By enacting this legislation, the FIRM Act intends to prevent regulators
Cybersecurity has quickly become a paramount concern within the financial services industry, and recent data highlights the extent of these anxieties. According to the SIFMA Insights Equity Market Structure Compendium, an overwhelming 75.6% of respondents expressed their deep concern over the
