Latest News on Regulation

News

Binance linked to illegal cryptocurrency platform Bitzlato

Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators.

Zach Anderson

Jan 21, 2023

| 2 Min Read

#BITCOIN #CRYPTOCURRENCIES #RUSSIA #FINCEN #BINANCE #REGULATION

News

Allegations of fraud against Compass Mining after company cuts ties with Russian

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.

Rebeca Moen

Jan 20, 2023

| 0 Min Read

#BITCOIN #CRYPTOCURRENCIES #RUSSIA #MINING #LAW #BUSINESS #BITCOIN PRICE #PAYMENTS #BITCOIN MINING #SANCTIONS #REGULATION

News

U.S. sanctions: Customers suing Compass Mining

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.

Luisa Crawford

Jan 20, 2023

| 2 Min Read

#BITCOIN #CRYPTOCURRENCIES #RUSSIA #MINING #LAW #BUSINESS #BITCOIN PRICE #PAYMENTS #BITCOIN MINING #SANCTIONS #REGULATION

News

Missing lawsuit response date, Ooki DAO faces default judgment.

The CFTC is seeking a default judgment against Ooki DAO. DAO missed the lawsuit response deadline. The record of default will show that the DAO did not appear in court. The court issues a default judgment if the defendant fails to defend a case.

Jessie A Ellis

Jan 12, 2023

| 2 Min Read

#OOKI #CFTC #DAO #REGULATION

Asia

Indonesia Plans to Strengthen Security for Crypto Investments

The Financial Service Authority (OJK) of Indonesia will oversee the regulation, supervision and oversight of crypto investments to improve protection for investors, the Southeast Asian country's minister said on Thursday.

Aaron Limbu

Nov 10, 2022

| 3 Min Read

#BLOCKCHAIN #REGULATION #INDONESIA #CRYPTO #INVESTMENT

Politics

FTX's Fall Might Hurt CEO's Crypto Regulation Lobby

The mid-term election in the US is playing a role in influencing and reshaping the regulatory landscape of the crypto industry amid the turmoil brought about by the collapse of the crypto exchange FTX.

Mervyn Kwan

Nov 09, 2022

| 3 Min Read

#SBF #FTX #CONGRESS #MIDTERM #ELECTION #REGULATION #CRYPTO

Exchanges

Crypto Exchange OKX Opens Regional Office in the Bahamas

OKX Exchange has created a new offshoot in the Bahamas after being registered

Godfrey Benjamin

Nov 04, 2022

| 2 Min Read

#OKX #OKX BAHAMAS #CRYPTO EXCHANGE #REGULATION

Regulation

South Korean Regulators to Harden Punishments for Crypto Fraud Practices

South Korean legislature is mulling plans to tighten its grip on crypto fraud practices

Samuel Edyme

Nov 02, 2022

| 2 Min Read

#BLOCKCHAIN #BITCOIN #SOUTH #KOREA #REGULATION #LEGISLATORS

News

Vitalik Buterin Shares Opinion On Crypto Regulation

Ethereum co-founder Vitalik Buterin on Sunday, shared his opinion on crypto regulation, expressing that he is happy exchange-traded funds (ETFs) are getting delayed.

Samuel Edyme

Oct 31, 2022

| 2 Min Read

#BLOCKCHAIN #BITCOIN #VITALIK #ETHEREUM #CRYPTOCURRENCY #REGULATION

Regulation

Costa Rican Lawmaker Proposes to Regulate Crypto Market

Johana Obando, a congresswoman from the Central American country of Costa Rica, has introduced a bill to Congress requiring the government to regulate the crypto market and reduce taxes on cryptocurrencies, making Costa Rica a cryptocurrency-friendly country.

Annie Li

Oct 28, 2022

| 2 Min Read

#BLOCKCHAIN #COSTA RICA #EL SALVADOR #CRYPTO #REGULATION