The government plans to implement the ban by amending the Representation of the People Bill, with changes taking "retrospective effect" from March 25.
Stephen Katte
Stephen Katte is a staff writer at Cointelegraph and a member of the Asia-Pacific news desk. He joined the publication in 2022 and reports on cryptocurrency and related industry developments. Prior to joining Cointelegraph, he covered international and local news, including work with Australian regional publications affiliated with Fairfax Media and Nine. He holds a bachelor’s degree in writing from the University of Canberra.
- News
UK pushes ahead with temporary ban on political crypto donations - News
Court rejects dev's bid to shield software from money transmitter laws Pharos developer Michael Lewellen said his lawyers are exploring all options for a path forward after a Texas judge dismissed the case without prejudice.
- News
Irish police open Bitcoin wallet years after keys were apparently lost A crypto wallet tied to a convicted drug dealer thought to have lost his wallet keys transferred 500 Bitcoin to Coinbase on Tuesday.
- News
OpenAI kills off AI video app Sora after 6 months OpenAI CEO Sam Altman reportedly said all its text-to-video models would be shuttered, and a $1 billion investment from Disney has also been cancelled.
- News
Major Australian pension fund mulls crypto offerings amid growing demand Hostplus is the third-largest super fund in Australia by members, with 2.2 million, and the fifth-largest by assets under management, with over $96 billion in assets.
- News
Bitmine chair sees ‘mini-crypto winter’ thaw for ETH as it hits 77% of goal Bitmine Immersion Technologies bought another $139 million in Ether last week, bringing its ETH holdings to 4.6 million.
- News
Eyecare biotech jumps 19% after stablecoin-focused pivot NovaBay Pharmaceuticals was founded in 2000 as a biopharmaceutical company developing eye care products and is now betting big on the Sky protocol and stablecoins.
- News
Bithumb seeks to reappoint CEO despite recent controversies: Report Bithumb was reportedly given a six-month partial suspension by South Korea’s Financial Intelligence Unit for alleged anti-money laundering failures.
- News
Global turmoil pushes uptake of decentralized messengers, social media Bitchat saw a spike in downloads during protests in Madagascar, Nepal, Indonesia and Iran over the last year, and global unrest could see more cases like it.
- News
Quantum risk real, but not all crypto wallets equally vulnerable: Galaxy Galaxy Digital’s Will Owens says most crypto wallets aren’t exposed to quantum risks, with vulnerabilities limited to cases where public keys are revealed.
- News
Gemini shares surge 6% after hours on Q4 earnings Gemini reported its fourth quarter revenues were $60.3 million, which co-founders Cameron and Tyler Winklevoss say is its highest quarterly revenue in three years.
- News
Canada revokes 47 crypto money licenses, vows to continue Near the end of last year, FINTRAC fined crypto platform Cryptomus $126 million and crypto exchange KuCoin $14 million for a range of alleged violations.
- News
California court dismisses Coinbase user’s challenge to IRS summons Another crypto user sued the IRS in 2025 for allegedly violating his Fourth Amendment rights after the agency used a John Doe summons to collect his data from a crypto exchange.
- News
Australian crypto shopping surges, but so do banking blocks: Survey Online shopping was the leading real-world use case for crypto among Australians, followed by paying for services such as freelancing and video game purchases.
- News
Trump memecoin whales pile in ahead of Mar-a-Lago gala CoinCarp data shows over 91% of TRUMP supply is concentrated in the top 10 wallets, and 97% is held by the top 100 wallets.
- News
DeFi lobby drops airdrop lawsuit against SEC, citing crypto shift The voluntary dismissal was filed without prejudice, meaning Beba and the DeFi Education Fund could refile the same case at a later date.
- News
Wife used CCTV to steal $176M of husband’s crypto, UK court told Justice Cotter said the husband has a high chance of succeeding based on the available evidence and recommended an early trial.
- News
SEC drops case against BitClout founder with prejudice The regulator filed for dismissal of its case against BitClout founder Nader Al-Naji, after “reassessment of the evidentiary record."
- News
WLFI investors nod 6-month token lock-up rule in governance tweak WLFI token holders must stake their tokens for at least 180 days to retain voting privileges under the recently passed proposal.
- News
US Treasury sanctions enablers of North Korea IT worker fraud ring Fraudulent tech workers with ties to North Korea target a range of industries, including blockchain companies, with schemes and infrastructure spreading worldwide.
- News
New Zealand regulator says NZDD stablecoin not a financial product Law firm MinterEllisonRuddWatts, which acted on behalf of the stablecoin’s issuer, says the designation of the token is an important step for regulatory clarity.
- News
BoE open to scrapping stablecoin limit idea after backlash Industry groups have criticized the UK’s proposed stablecoin holding limits, arguing they would signal that the UK is hostile to crypto and stifle innovation.
- News
DAOs aren't doomed, they just need to evolve: Aave founder A proposal to transfer control of Aave’s brand assets and intellectual property to its DAO failed in January, prompting debate over the protocol’s long-term direction.
- News
Bitcoin is back in ‘FOMO territory’ after crossing $70K: Santiment US President Donald Trump's recent comments about Iran helped trigger a Bitcoin rally, leading to an uptick in social media sentiment about Bitcoin.
- News
Bhutan moves $11.8M in BTC from its national stash: Arkham Bhutan has accumulated around 13,000 Bitcoin since launching state-backed mining operations in 2019, primarily fueled by hydroelectric energy.
- News
US banking lobby weighs lawsuit against OCC over crypto trust charters The OCC has granted conditional approvals to several crypto firms since December, including BitGo, Ripple, Paxos, and Crypto.com, while others such as Zerohash have filed applications.
- News
Bybit doubles down on Middle East operations amid regional tensions It’s estimated that roughly 1,800 crypto companies operate in the United Arab Emirates, employing more than 8,600 people in various roles.
- News
Crypto regulatory clarity matters more for banks, ex-CFTC chief says If the CLARITY Act fails to pass, Giancarlo said he expects Paul Atkins at the SEC and Mike Selig at the CFTC will likely write rules to create clarity for the industry.
- News
Crypto stocks rally as Trump, regulators signal pro-crypto policy shift Bitcoin has jumped as well, increasing 7.6% in the last 24 hours, while Ether is up more than 8.3% to trade at $2,132.
- News
Coinbase, Microsoft and Europol take down phishing service ‘Tycoon 2FA’ Tycoon 2FA accounted for 62% of phishing attempts Microsoft blocked by mid last year, including over 30 million emails in a single month.