The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two individuals for operating in the financial services and technology sectors of the Russian economy, including those developing or offering services in virtual assets that reportedly enable the evasion of US sanctions, as reported by the Treasury Department

https://cryptoslate.com/united-states-ofac-places-new-sanctions-on-crypto-firms-with-ties-to-russia/

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network used by banks and other financial institutions to securely transmit information and instructions through a standardized system of codes.

https://www.cryptoglobe.com/latest/2024/03/how-swift-plans-to-maintain-its-dominance-in-the-face-of-upcoming-cbdcs/

Crypto markets were on careful watch as the Federal Reserve decided to keep the rates unchanged at this March meeting. But it did signal three rate cuts to happen this.

https://coingape.com/crypto-markets-on-sidelines-as-atlanta-fed-sees-one-rate-cut-this-year/

Rails, a self-custodial crypto exchange that allows users to trade perpetuals while maintaining self-custody, announced a $6.2 million seed round led by Slow Ventures, CMCC Global, Round13 Capital, and Quantstamp.

https://www.crowdfundinsider.com/2024/03/222952-self-custodial-crypto-exchange-rails-reports-seed-funding-round/

CoinLedger, a technology platform specializing in cryptocurrency tax reporting software, announced a partnership with MetaMask. MetaMask is a leading Web3 self-custody wallet provider.

https://coingape.com/coinledger-and-metamask-team-up-for-easy-crypto-tax-reports/

Nigeria is not yet among Binance's top markets despite being a leading global crypto market. However, the crypto exchange said it recognizes the West African country's “extraordinary potential,” which is one reason why it is eager to invest there.

https://news.bitcoin.com/binance-says-nigeria-is-not-yet-one-of-its-top-markets/

Bullish, a digital asset exchanges, announced that its affiliate, BTH, has partnered with Paxos, the blockchain and tokenization infrastructure platforms.

https://www.crowdfundinsider.com/2024/03/222291-digital-asset-exchange-bullish-teams-up-with-tokenzation-platform-paxos/

According to a Fortune Magazine report, Digital Currency Group (DCG) has submitted a motion to the New York Supreme Court to dismiss a lawsuit filed against the company by New York Attorney General Letitia James.

https://bitcoinist.com/digital-currency-group-counters-lawsuit/

Grayscale announced the launch of a new fund Tuesday.

https://blockworks.co/news/grayscale-fund-optimizing-staking-rewards

Deutsche Boerse will operate the trading venue, and Crypto Finance will provide settlement and custody services.

https://www.coindesk.com/business/2024/03/05/deutsche-boerse-starts-crypto-trading-platform-for-institutional-clients/

Indonesia's crypto market faces a period of change and reassessment, as evidenced by falling tax revenue and planned regulatory shifts. While Bitcoin surged in value throughout 2023, the country's crypto tax revenue plummeted by over 60% compared to the previous year, raising concerns about the effectiveness of the current tax regime.

https://bitcoinist.com/crypto-indonesia-eyes-changes-in-taxation/

HashKey Technology Services Pte. Ltd., the over-the-counter trading arm of HashKey Group, has received in-principle approval from the Monetary Authority of Singapore for its Major Payment Institution licence application to provide digital payment token services.

https://www.crowdfundinsider.com/2024/02/222064-hashkey-obtains-in-principle-approval-from-mas-for-major-payment-institution-license-application/

Points systems reward users for key actions without the need for direct investment, redefining contributions and incentives.

https://cryptobriefing.com/initial-points-offering-fresh-capital-inflow-crypto-intotheblock/

Thailand's Securities and Exchange Commission (SEC) has proposed the withdrawal of the digital asset business license of the Zipmex cryptocurrency exchange. This announcement was made on February 23 and is likely to be seen as a watershed event in the country's regulatory landscape for digital assets.

https://coingape.com/zipmex-to-lose-thai-license-after-failing-sec-capital-requirements/

The collapse of FTX filled the crypto community with uncertainty and contributed to shaping the market in the following years. Since then, the crypto industry has seen better days, and newly launched projects have a healthier landscape to navigate.

https://bitcoinist.com/former-ftx-alameda-executives-crypto-exchange-us/