Regulation
INTERPOL Cracks Down on Over 1,000 Cybercriminals Across 19 African Nations: $193M in Losses Linked to Digital Assets
In a groundbreaking operation dubbed “Operation Serengeti,” INTERPOL has successfully identified and apprehended over 1,000 cybercriminals operating across 19 African countries. The large-scale operation targeted some of the most sophisticated and damaging cybercrimes, including ransomware attacks, business email compromise (BEC), digital extortion, and online scams. These threats were flagged as major concerns in the 2024…
US Court Rules Tornado Cash Sanctions Unlawful
In a historic ruling, the U.S. Fifth Circuit Court of Appeals has declared that sanctions imposed on Tornado Cash, a decentralized privacy protocol, were unlawful. This decision represents a significant win for advocates of crypto privacy and open-source innovation, challenging the U.S. Treasury Department’s unprecedented action to sanction blockchain-based smart contracts. Background: The Tornado Cash…
Yellow Card Secures Category 1 Crypto Asset Service Provider License in South Africa
In a landmark achievement for Africa’s cryptocurrency ecosystem, Yellow Card, a leading fintech platform specializing in crypto transactions, has secured a Category 1 Crypto Asset Service Provider (CASP) License in South Africa. This pivotal development marks a significant step forward for the company and the broader cryptocurrency industry on the continent. Understanding the CAT I…