WAO ART

Hong Kong is tightening regulations on over-the-counter (OTC) crypto trading services. The Securities and Futures Commission (SFC) and Customs and Excise Department will jointly oversee these services. This move comes amid rising concerns over illicit activities in the global OTC crypto market.

eToro has reduced its US crypto trading offerings following a settlement with the SEC. The trading platform paid $1.5 million to the SEC over charges of operating an unlicensed brokerage since 2020. eToro allowed trading of crypto assets classified as securities without proper registration.

The digital euro is currently being tested on the XRP private ledger. XRP's potential integration with central bank digital currencies (CBDCs) is gaining traction. JackTheRippler, a prominent XRP community member, shared insights on the testing phase.

MicroStrategy has purchased an additional 18,300 BTC for over $1.11 billion, averaging $60,408 per Bitcoin. The acquisition took place between August 6 and September 12. This purchase increases MicroStrategy's total Bitcoin holdings to approximately 244,800 BTC.

A Nigerian court has frozen $716,000 linked to suspected cryptocurrency users on Bybit and KuCoin. The order was issued by Nigeria’s Economic and Financial Crimes Commission (EFCC). The court filing, dated September 3, accuses crypto firms of contributing to the Naira's devaluation.

Chief crypto analyst Jamie Coutts alerts Bitcoin holders in Australia about potential legal risks associated with new legislation. Coutts describes the legislation as "Orwellian," suggesting it could classify Bitcoin holders as law violators. The law expands the definition of "serious harm".

Flutter Entertainment, owner of Paddy Power, is expanding into Brazil's regulated betting market. The company has agreed to acquire a 56% stake in local operator NSX Group for approximately $350 million. This move aims to capitalize on the upcoming regulation in Brazil's betting industry.