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REGULATION

Cryptocurrencies are not issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.

Former FTX CEO Sam Bankman-Fried Restricted from Using encrypted messaging apps
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Former FTX CEO Sam Bankman-Fried Restricted from Using encrypted messaging apps

Judge Lewis Kaplan ordered former FTX CEO Sam Bankman-Fried to stop using encrypted chat applications as a condition of his $250-million bail release.

Tether Completes Reserves Attestation by Major Global Accounting Firm
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Tether Completes Reserves Attestation by Major Global Accounting Firm

BDO, a global accounting company, has attested Tether's reserves.

Russia Gives Tax Incentives to Crypto Miners
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Russia Gives Tax Incentives to Crypto Miners

Russia offers tax benefits for crypto mining investors during tough times.

Global Efforts to Classify Cryptocurrencies
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Global Efforts to Classify Cryptocurrencies

Cryptodata website 21Shares and CoinGecko have launched a worldwide crypto asset classification system.

SEC to Keep Close Watch on Crypto Brokers and Advisers
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SEC to Keep Close Watch on Crypto Brokers and Advisers

The SEC stated the 2023 review goals would ensure crypto brokers and advisors follow "respectful standards of care."

South Korean Officials Confirm They Sent Team to Serbia to Find Do Kwon
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South Korean Officials Confirm They Sent Team to Serbia to Find Do Kwon

South Korean authorities have increased their search for Do Kwon and deployed state officials to Serbia.

Voyager Digital Subpoenas FTX Executives
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Voyager Digital Subpoenas FTX Executives

Kirkland & Ellis, Voyager Digital's attorneys, subpoenaed FTX co-founders Sam Bankman-Fried and Gary Wang, former Alameda Research CEO Caroline Ellis, and FTX executive Ramnik Arora for DOJ and SEC case papers.

The UK is a step closer to launching a central bank digital currency
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The UK is a step closer to launching a central bank digital currency

The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.

Guarantors of Sam Bankman-Fried's Bail Bond signed off
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Guarantors of Sam Bankman-Fried's Bail Bond signed off

Sam Bankman-legal Fried's team challenged U.S. District Judge Lewis Kaplan's order to reveal the two secret parties who signed his $250 million bail bond deal.

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai
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VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

VARA's "Full Market Product Regulations" comprise four mandatory and activity-specific rulebooks for running VASPs.

CEO Sues Board Members for Seizing Control of Crypto Miner
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CEO Sues Board Members for Seizing Control of Crypto Miner

Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.

Former Coinbase Product Manager Seeks to Dismiss SEC Charges of Insider Trading
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Former Coinbase Product Manager Seeks to Dismiss SEC Charges of Insider Trading

Ten lawyers from five law firms filed a move to dismiss an SEC insider trading lawsuit against two brothers, calling the regulator "wrong" and lacking government authorisation.

The Bank of England and the United Kingdom's Treasury are working on a digital asset
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The Bank of England and the United Kingdom's Treasury are working on a digital asset

UK's finance minister said the Digital Pound's goal is to create a "trust, accessible, and easy-to-use" digital asset.

Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors
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Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors

Sam Bankman-Fried may still use non-encrypted texting and phone services, save WhatsApp, which he can use under supervision.

FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case
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FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case

CEO John Ray testified for FTX bankruptcy judge John Dorsey on a request to appoint an independent examiner.