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Africa Crypto Adoption Sparks Regulation Concerns
regulation

Africa Crypto Adoption Sparks Regulation Concerns

The accelerated growth of blockchain technology in Africa recently has raised concerns over the possible implementation of knee-jerk regulation.

United States Moves Forward With Crypto Regulation
regulation

United States Moves Forward With Crypto Regulation

Two new crypto-related bills were discussed among the House Agriculture Committee this week as the United States moves forward with crypto regulation.

President Biden Freezes Mnuchin's Controversial Proposed Regulation on Unhosted Crypto Wallets
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President Biden Freezes Mnuchin's Controversial Proposed Regulation on Unhosted Crypto Wallets

FinCEN’s controversial regulation proposal on “unhosted” crypto wallet has been effectively frozen by President Joe Biden as his administration takes office today.

Ripple Co-Founder Hints Move From US Regulation: “Blockchain and Digital Currencies are not Welcome”
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Ripple Co-Founder Hints Move From US Regulation: “Blockchain and Digital Currencies are not Welcome”

Ripple co-founder Chris Larsen is considering moving Ripple’s base from the United States due to crushing biased regulation.

Coinbase’s Upcoming IPO May Lead to Better Crypto Regulation in the United States
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Coinbase’s Upcoming IPO May Lead to Better Crypto Regulation in the United States

Coinbase’s upcoming listing may be what it takes to trigger better cryptocurrency regulation in the United States.

ECB President Pushes for Digital Euro but Calls for Global Bitcoin Regulation
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ECB President Pushes for Digital Euro but Calls for Global Bitcoin Regulation

Christine Lagarde, European Central Bank president, said the Bitcoin has been used for money laundering activities and is calling for global regulation of the cryptocurrency.

What Coinbase CEO’s Crypto Regulation Rumors Mean for Bitcoin if Pushed by US Treasury?
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What Coinbase CEO’s Crypto Regulation Rumors Mean for Bitcoin if Pushed by US Treasury?

Brian Armstrong, CEO of Coinbase, warned that the Trump Administration may be targeting Bitcoin on its way out of office through regulation, but what impact could it have?

Oxford Law Researchers Call for Strict Cryptocurrency Regulation to Avoid Another Financial Crisis
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Oxford Law Researchers Call for Strict Cryptocurrency Regulation to Avoid Another Financial Crisis

Researchers at Oxford University Law Faculty claim that crypto market regulation is mandatory to prevent systemic risk in times of financial crisis.

European Securities and Markets Authority Prioritizes Crypto-Related Regulation
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European Securities and Markets Authority Prioritizes Crypto-Related Regulation

The European Securities and Markets Authority (ESMA) announced its key priorities list for 2020-2022. In its published document “Strategic Orientation for 2020-22,” the ESMA reflected its focus on supervisory convergence and its role in building the Capital Markets Union.

Russian Prime Minister Calls for Civilized Approach to Crypto Regulation
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Russian Prime Minister Calls for Civilized Approach to Crypto Regulation

Mikhail Mishustin, the Russian prime minister, has stated that the cryptocurrency market ought to be advanced in a civilized manner.

South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020
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South African Reserve Bank to Strictly Regulate Cryptocurrency in 2020

The South African Reserve Bank (SARB) is planning on introducing new regulations on cryptocurrency, which according to Kuben Naidoo, SARB deputy governor, will be fully implemented and enforced in the first quarter of 2020 and it brings to an end a deliberation that started since 2014.

BlockFi to Sell $160 Million in Bitcoin Mining Machine
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BlockFi to Sell $160 Million in Bitcoin Mining Machine

BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.

UK Financial Regulator FCA Takes Conservative Approach on Crypto Regulation
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UK Financial Regulator FCA Takes Conservative Approach on Crypto Regulation

The United Kingdom’s Financial Conduct Authority (FCA) is not in a rush to add digital currencies to the list of industries or markets that fall within its jurisdiction.

FSB Releases High-Level Recommendations for Global Stablecoin Regulation
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FSB Releases High-Level Recommendations for Global Stablecoin Regulation

The Financial Stability Board (FSB) has published a comprehensive report outlining key recommendations for the regulation, supervision, and oversight of global stablecoin (GSC) arrangements. The report aims to address potential financial stability risks posed by GSCs at both the domestic and international level.

Ukraine Parliament Passes Legislation by Legalizing Crypto
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Ukraine Parliament Passes Legislation by Legalizing Crypto

The Ukrainian Parliament has passed a bill draft in the second reading Wednesday concerning legalising and regulating cryptocurrency and other virtual assets, such as tokens.

Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple
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Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple

Institutional-grade digital asset firm Grayscale will dissolve its XRP Trust as the United States Securities and Exchange Commission (SEC) pursues its lawsuit against Ripple

Former facilities worker who allegedly set up a secret cryptocurrency mining operation
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Former facilities worker who allegedly set up a secret cryptocurrency mining operation

After skipping a court arraignment session, Nadeam Nahas faces arrest for using a school's energy for bitcoin mining.

Circle Denies Receiving 'Wells Notice' Over USDC
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Circle Denies Receiving 'Wells Notice' Over USDC

Circle's CSO refused SEC Wells notices for its USDC token.

Binance Trading Platform Licenses in Bahrain, Canada
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Binance Trading Platform Licenses in Bahrain, Canada

The year 2021 is finally going to end on a great note for Binance, the world’s largest cryptocurrency exchange, as it has secured double licenses from the Central Bank of Bahrain (CCB) and Canada.

Australian Pleads Guilty to Securities Fraud in $90 Million Crypto Scam in the U.S.
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Australian Pleads Guilty to Securities Fraud in $90 Million Crypto Scam in the U.S.

An Australian man named Stefan He Qin has pleaded guilty to draining the investor accounts of his New York-based cryptocurrency fund to the tune of $90 million.

What Is a Bitcoin ETF?
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What Is a Bitcoin ETF?

Bitcoin ETF is a type of security that tracks the overall price of Bitcoin and enables investors to trade and purchase shares of it on traditional exchanges.

Paxos Discusses BUSD Stablecoin With SEC Following Wells
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Paxos Discusses BUSD Stablecoin With SEC Following Wells

Paxos CEO Charles Cascarilla said the business was "engaged in productive negotiations" with the SEC and will continue to communicate privately.

Commissioner Hester Peirce Agrees with Telegram CEO Pavel Durov’s Criticism of SEC
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Commissioner Hester Peirce Agrees with Telegram CEO Pavel Durov’s Criticism of SEC

Commissioner Hester Peirce, affectionately knowns as ‘CryptoMom’, believes the SEC’s court victory over Telegram was inappropriately reached and has further stifled innovation for the United States.

Dutch Central Bank Challenges Binance's Legality against its Operation
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Dutch Central Bank Challenges Binance's Legality against its Operation

Binance faces another legal challenge for its operation. Dutch Central Bank says Binance is not legally registered and is operating illegally in the country.

UK Could Be The Next Crypto-Friendly Nation As Rishi Sunak Becomes Next PM
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UK Could Be The Next Crypto-Friendly Nation As Rishi Sunak Becomes Next PM

Will Rishi Sunak's appointment as the next UK PM spell good fortune for the crypto industry?

Paxos Launches Blockchain Settlement Platform Following No-Action Relief From SEC
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Paxos Launches Blockchain Settlement Platform Following No-Action Relief From SEC

Paxos Trust Company announced that it will go ahead with the launch of its blockchain-enabled Paxos Settlement Service after receiving No-Action relief from the U.S. Securities and Exchange Commission (SEC).

Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case
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Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case

Taiwanese singer Chen Lingjiu faces fraud case involving JPEX, highlighting potential pitfalls of celebrity endorsements in cryptocurrency investments and the need for robust regulatory measures.

Modi Urges Global Effort to Deal with Crypto, Indian Crypto Sector Remains in Uncertainty
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Modi Urges Global Effort to Deal with Crypto, Indian Crypto Sector Remains in Uncertainty

The Indian Prime Minister has called for a collective global effort to tackle the challenges posed by cryptocurrencies as the country's crypto sector remains in uncertainty.

FTX Founder to Forfeit $700 Million
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FTX Founder to Forfeit $700 Million

If convicted of fraud, FTX founder Sam Bankman-Fried will lose $700 million. 55,273,469 Robinhood shares were confiscated by the U.S.

US Treasury to Increase DeFi Regulation
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US Treasury to Increase DeFi Regulation

The US Treasury conducted a risk assessment of DeFi, finding it lacking in AML/CFT compliance, and reported money laundering, scammers, and North Korean hackers benefiting from the sector. The Treasury response to Biden's executive order suggests more regulation for DeFi, including compliance with the Bank Secrecy Act.

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."

UK to Accept Stablecoins as Form of Payment, Plans to Mint NFT by this Summer
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UK to Accept Stablecoins as Form of Payment, Plans to Mint NFT by this Summer

The UK announced to accept stablecoins as a valid form of payment and has set plans to make Britain a global hub for cryptoasset technology and investment.

Continuous Crackdown on Crypto by US SEC is a Bullish Factor for Investors - Report
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Continuous Crackdown on Crypto by US SEC is a Bullish Factor for Investors - Report

The US SEC might be considered harsh for its crypto regulations, some investors use this as a basis for their investments in the space

Enabling Innovation in Asset Management: SFC's Approach
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Enabling Innovation in Asset Management: SFC's Approach

Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.

Hong Kong Embraces Web3 Despite Crypto Market Volatility
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Hong Kong Embraces Web3 Despite Crypto Market Volatility

Hong Kong's financial secretary, Paul Chan, has emphasized the need for the city to embrace Web3 technology, despite the fluctuations in the crypto market. Chan has proposed a strategy that focuses on proper regulation and promoting development to facilitate Web3's steady growth. He also noted that Hong Kong plans to prioritize financial security, prevent systemic risks, and focus on investor education and protection. The region's approach to crypto regulation contrasts with that of the United States, which has adopted a more hardline response to the industry.

Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies
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Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies

The Senate Banking Committee, led by Sherrod Brown and Tim Scott, may regulate crypto in the upcoming Congress.

IRS Crypto Disclosure Letters Violated US Taxpayer Rights in 2019
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IRS Crypto Disclosure Letters Violated US Taxpayer Rights in 2019

The IRS shook up the US crypto sector last year, when it issued Letter 6137 to American taxpayer’s which demanded that all citizens declare any unreported crypto gains within 30 days. One year on and an IRS watchdog has slammed the letter as a violation of the Taxpayer Bill of Rights.

Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations
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Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations

In an ongoing adaptation to tighter Australian regulations, Binance, the world's largest cryptocurrency exchange, has announced significant changes affecting its Australian users.

Ethereum's Vitalik Buterin Mocks Ripple and XRP, but is ETH 2.0 next on SEC's List?
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Ethereum's Vitalik Buterin Mocks Ripple and XRP, but is ETH 2.0 next on SEC's List?

Ethereum Founder Vitalik Buterin mocks Ripple's XRP as fights the SEC, but with the recent ETH 2.0 upgrade to POS it may not be long before the SEC reclassify ETH as security.

Hong Kong Resumes Discussion on Stablecoin Regulation, Offering 5 Options to the Public
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Hong Kong Resumes Discussion on Stablecoin Regulation, Offering 5 Options to the Public

The Hong Kong Monetary Authority (HKMA) has published a discussion paper in which it is soliciting the public’s contributions to its proposed regulatory approach to digital currencies and stablecoins.

UAE to Strive for Virtual Service Provider Licenses before Q2
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UAE to Strive for Virtual Service Provider Licenses before Q2

In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022.

Bitcoin Cash advocate Roger Ver sued for $20.8 million
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Bitcoin Cash advocate Roger Ver sued for $20.8 million

Genesis sued Roger Ver for $20.8 million in unpaid crypto options. GGC International sued Ver in New York State Supreme Court on Jan. 23. BCH has not reacted to the lawsuit.

Coinbase to Boost European Derivatives Market Presence with MiFID II License Acquisition
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Coinbase to Boost European Derivatives Market Presence with MiFID II License Acquisition

Coinbase is set to expand in the EU derivatives market by acquiring a MiFID II licensed entity in Cyprus, targeting regulated derivatives offerings like futures and options in 2024.

Britain Eyes Becoming a Crypto Hub, Upgrading the Market by Adopting DLT
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Britain Eyes Becoming a Crypto Hub, Upgrading the Market by Adopting DLT

In pursuit of becoming a global crypto hub, Britain seeks to revamp the traditional financial market using distributed ledger technology (DLT), according to the finance ministry.

G20 Discusses Crypto Regulations Under India Presidency
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G20 Discusses Crypto Regulations Under India Presidency

G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.

Public feedback on the SFC's proposed cryptocurrency exchange licensing regime
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Public feedback on the SFC's proposed cryptocurrency exchange licensing regime

Hong Kong's Securities and Futures Commission seeks public input on bitcoin exchange registration.

Exclusive: Blockpass COO, on the Significance of the FATF Travel Rule to VASPs
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Exclusive: Blockpass COO, on the Significance of the FATF Travel Rule to VASPs

Personal identity is a fundamental human right according to Article 8 of the United Nation’s Convention on the Rights of the Child. Identity is crucial to a functioning society and economy, however, there are 1.1 billion people in the world that do not have proof of identity and 45% of them are among the poorest 20% around the world. For enterprises, customer data protection can be proven costly as 2.8 billion consumer data records were exposed at an estimated cost of more than $654 million in 2018.

Crypto Tax Accounting Software Provider TaxBit Raises $130M From Investors
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Crypto Tax Accounting Software Provider TaxBit Raises $130M From Investors

TaxBit has raised a $130 Million from investors to boost its tax reporting tools

Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance
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Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance

Liechtenstein's introduction of the world’s first blockchain business law represents an important milestone in the evolution of legal frameworks to support blockchain business.

Bithumb CEO Summoned by South Korean Authorities Following Police Raid on Offices
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Bithumb CEO Summoned by South Korean Authorities Following Police Raid on Offices

The Chairman of the Board of Directors of Bithumb Holdings, Lee Jung-hoon has been summoned by the Seoul Metropolitan Police Agency's Intelligent Crime Investigation Unit following the unit's incessant raid on the exchange.

Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters
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Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

Congresswoman Maxine Waters scrutinizes Meta's trademark applications, filed in March 2022, suggesting the company's continued involvement in the digital assets ecosystem, despite previous assurances of no ongoing projects in this area.

IMF Urges Countries to Consider Banning Cryptocurrencies
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IMF Urges Countries to Consider Banning Cryptocurrencies

US Treasury Secretary Janet Yellen underlined the need for effective cryptocurrency regulation.

Lawyers for SBF time to discuss additional bail conditions
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Lawyers for SBF time to discuss additional bail conditions

Sam Bankman-lawyers Fried's requested extra time to negotiate bail terms and identify a technical expert.

Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort
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Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort

Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles.

Binance Gets the Green Light to Operate in Bahrain
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Binance Gets the Green Light to Operate in Bahrain

Binance makes a new milestone after being granted a crypto-asset service provider license approved by the Central Bank of Bahrain (CBB).

Judge Denies Telegram's Appeal to Issue Grams to Non-US Entities, Says it's Too Late to Question SEC Jurisdiction
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Judge Denies Telegram's Appeal to Issue Grams to Non-US Entities, Says it's Too Late to Question SEC Jurisdiction

US Federal Judge P. Kevin Castel has denied Telegram’s request to issue its Gram tokens to overseas investors.

Russian Tech and Political Oligarchs Opposes Blanket Crypto Ban
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Russian Tech and Political Oligarchs Opposes Blanket Crypto Ban

Tech and political oligarchs in Russia are expressing their full displeasure over the proposed blanket ban on crypto.

Taiwan's Financial Supervisory Commission Drafts New Crypto Regulations
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Taiwan's Financial Supervisory Commission Drafts New Crypto Regulations

Taiwan's Financial Supervisory Commission drafts crypto regulations for 2023, focusing on anti-money laundering, token issuance, asset segregation, and transparent trading. Overseas platforms face advertising restrictions.

Coinbase CEO Calls Out US SEC For Using Intimidation Tactics
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Coinbase CEO Calls Out US SEC For Using Intimidation Tactics

Coinbase CEO has faulted the SEC for resorting to intimidation rather than provide needed regulatory clarity.

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain
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New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem

E.U and US Can Coordinate Effort "on a Shared International Approach to Regulating Crypto": EU Commissioner
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E.U and US Can Coordinate Effort "on a Shared International Approach to Regulating Crypto": EU Commissioner

Mairead McGuinness, a Commissioner for financial services, financial stability, and capital markets union at the European Commission has called on the United States and the European Union to coordinate efforts with respect to regulating digital currencies.

Former FTX CEO Sam Bankman-Fried to Appear in court remotely
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Former FTX CEO Sam Bankman-Fried to Appear in court remotely

According to a Feb. 18 court filing, Sam Bankman-Fried has days to provide documentation to Voyager Digital's unsecured creditors committee.

What Biden’s Presidency Could Mean for Crypto
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What Biden’s Presidency Could Mean for Crypto

With Joe Biden's presidential win, the crypto community has speculated on how this would impact the industry.

India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?
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India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not it is not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes.

US Crypto Crackdown Could Push Industry to Hong Kong
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US Crypto Crackdown Could Push Industry to Hong Kong

Paris-based Kaiko's CEO, Ambre Soubiran, has suggested that the recent US crackdown on cryptocurrency regulation could lead to a shift in the industry's center of gravity towards Hong Kong, which has been more favorable towards crypto. The Hong Kong government has been rolling out progressive regulation to support crypto and fintech firms in 2023, with over 80 virtual asset-related firms expressing interest in setting up shop there.

Traversing Through the Crypto Regulatory Landscape in 2019
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Traversing Through the Crypto Regulatory Landscape in 2019

Blockchain and crypto regulation has seen its ups and downs in 2019, with endless regulators evolving along with the realm of the new technology development and use cases. From countries that view blockchain as a threat to learning to embrace the technology; let’s have a look at some of the major regulatory changes in 2019.

Binance Seeks Reentry to Japanese Market
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Binance Seeks Reentry to Japanese Market

Japan’s easing crypto approach attracts crypto exchange Binance to ask for reentry to this island nation after failing to do so four years ago due to stringent measures.

Coinbase warns of losing crypto industry leadership
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Coinbase warns of losing crypto industry leadership

The U.S. SEC has issued a Wells notice to Coinbase. As a result, Coinbase warns that the U.S. government’s regulatory approach to crypto has created an uncertain and unstable environment. Meanwhile, other countries, such as France, the U.K., and the European Union, are building friendlier crypto regulation ecosystems and becoming crypto hubs, causing the U.S. to lose its status as the leading hub of the crypto sector.

U.S. Intends to Impose Tax on Crypto to Support Infrastructure Construction Amid Musk and Dorsey Express Strong Dissatisfaction
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U.S. Intends to Impose Tax on Crypto to Support Infrastructure Construction Amid Musk and Dorsey Express Strong Dissatisfaction

As the bipartisan Senate began to vote on President Joe Biden's infrastructure package, the taxation of cryptocurrency transactions in this infrastructure plan cited Tesla CEO Elon Musk, Jack Dorsey, Senator Criticism by Ted Cruz, and others.

First Crypto-Native Bank to be Launched in the United States by Former Wall Street Executive
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First Crypto-Native Bank to be Launched in the United States by Former Wall Street Executive

Former Wall Street executive and blockchain laws advocate Caitlin Long has seized the opportunity to establish the first crypto-native bank in the United States. This opportunity came as an advantage as the Wyoming legislature has been progressive, and Long previously helped Wyoming to enact thirteen blockchain-enabling laws.

PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud
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PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud

A United States grand jury indictment has been delivered to Plexcoin founder, Dominic Lacroix, as well as Yan Ouellet and Sabrina Paradis-Royer for securities and wire fraud, and conspiracy to launder money, according to the DOJ.

Binance.US Could Be in Violation of Securities Law
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Binance.US Could Be in Violation of Securities Law

SEC opposes Binance. US acquisition of nearly $1 billion in Voyager Digital assets.

Indian Supreme Court Expresses Discontent Over Lack of Crypto Regulations
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Indian Supreme Court Expresses Discontent Over Lack of Crypto Regulations

The absence of defined rules and regulations governing cryptocurrencies in India has lately drawn the attention of the country's Supreme Court.

Alibaba Founder Jack Ma Criticizes Current Financial Regulations
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Alibaba Founder Jack Ma Criticizes Current Financial Regulations

Alibaba founder Jack Ma highlights the importance of fintech innovations over regulations.

Unclear Crypto Regulations in South Africa Alarm Entrepreneurs
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Unclear Crypto Regulations in South Africa Alarm Entrepreneurs

Cryptocurrency regulation is still largely unclear in South Africa, creating a strenuous business environment for crypto entrepreneurs.

EU Partially Agrees to Establishes Anti-Money Laundering Authority
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EU Partially Agrees to Establishes Anti-Money Laundering Authority

The European Union through the Council of the EU has agreed on partial terms to establish an Anti-Money Laundering (AML) body that will be named the Anti-Money Laundering Authority (AMLA)

BlackStar Seeks SEC Registration for On-Chain Stock Trading
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BlackStar Seeks SEC Registration for On-Chain Stock Trading

BlackStar Enterprise Group plans to conduct over-the-counter stock trading on-chain and has sought registration with the SEC after two years of development and regulatory communication.

Argentina Orders Stricter Monitoring on Local Crypto Transactions Amid Battling the Flight of Devalued Pesos
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Argentina Orders Stricter Monitoring on Local Crypto Transactions Amid Battling the Flight of Devalued Pesos

Argentina’s Financial Information Unit (FIU) has ordered stricter controls and monitoring into cryptocurrency transactions in the country to eradicate money laundering and other illicit activities. Argentine newspaper El Cronista reported that the FIU, a government agency that is responsible for enforcing anti-money laundering laws and compliance, is looking to tighten its controls on cryptocurrency trading.

Ripple CEO Hopeful About US Crypto Regulatory Clarity
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Ripple CEO Hopeful About US Crypto Regulatory Clarity

In a Twitter discussion, Ripple CEO Brad Garlinghouse expressed cautious optimism regarding US cryptocurrency regulation certainty in 2023. Ripple was sued by the SEC for selling unregistered XRP. Ripple refuted the charges, saying XRP is a money, not a security. The lawsuit has no end date.

What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
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What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority

Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.

Australian Senator Bragg Releases New Draft on Digitial Assets
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Australian Senator Bragg Releases New Draft on Digitial Assets

Australian Liberal Senator Andrew Bragg proposed a new draft of the titled Digital Assets (Market Regulation) Bill 2022, aimed at regulating digital asset exchanges.

U.K. Central Bank and Treasury Believe Digital Pound is Needed
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U.K. Central Bank and Treasury Believe Digital Pound is Needed

The Bank of England predicts a UK CBDC by 2030.

South Korean Watchdog Uncovers 14 Fake Bank Accounts Used by Crypto Exchanges
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South Korean Watchdog Uncovers 14 Fake Bank Accounts Used by Crypto Exchanges

The South Korea financial regulator has uncovered 14 fake accounts used by crypto exchanges.

Despite Clear Divide Amongst Lawmakers, Crypto CEOs Request Clear Regulations
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Despite Clear Divide Amongst Lawmakers, Crypto CEOs Request Clear Regulations

Top executives representing the biggest companies in the American digital currency ecosystem appeared before Congress to testify on the state of the crypto industry.

PayPal Acquires UK Crypto License
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PayPal Acquires UK Crypto License

PayPal has secured a cryptocurrency license from the UK's Financial Conduct Authority, marking a strategic move amid post-Brexit adjustments, and transitioning UK clients from PayPal Europe to a new UK-based entity.

Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner
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Crypto Mom Hester Peirce Officially Sworn in as SEC Commissioner

Crypto Mom and blockchain forward SEC Commissioner Hester Peirce has been sworn in for a second term at the US SEC.

Upbit Singapore Secures MAS's MPI Licence
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Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.

MAS Seeks to Ban All Forms of Crypto Credits in Singapore
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MAS Seeks to Ban All Forms of Crypto Credits in Singapore

The Monetary Authority of Singapore wants crypto service providers to avoid issuing credits for consumers to trade crypto

Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain
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Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain

Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site.

‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing
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‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing

In an antitrust hearing with the Judiciary Committee of US Congress, the CEOs of Amazon, Apple, Facebook and Google testified, as a continuation of an unfinished legal conversation with lawmakers.

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal
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DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.

IOSCO to Consult on Crypto Regulation
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IOSCO to Consult on Crypto Regulation

The International Organization of Securities Commissions (IOSCO) plans to launch a consultation for its crypto asset regulation report in Q2 2023. The final recommendations are expected to be published by the end of 2023, with separate workflows dedicated to crypto assets and decentralized finance.

China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot
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China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot

The Chinese central bank’s Shanghai headquarters has recently revealed the Shanghai FinTech Innovation regulatory sandbox application list. The People’s Bank of China’s (PBoC) Shanghai branch is currently soliciting opinions from the public on eight applications to be included in the FinTech innovation supervision pilot.

Trump Nominates SEC Commissioner Hester Peirce For Second Term
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Trump Nominates SEC Commissioner Hester Peirce For Second Term

Crypto Mom, Hester Peirce has been nominated for a second term with the U.S. Securities and Exchange Commission (SEC) as one of its five commissioners, until 2025.

FTX CEO Spends 5 Hours per day to Deal with Regulatory Issues
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FTX CEO Spends 5 Hours per day to Deal with Regulatory Issues

FTX CEO Sam Bankman-Fried revealed he spends five hours a day to deal with regulatory and licensing of cryptocurrencies issues, according to a CNBC report Monday.

FTX Founder Allegedly Sought Federal Regulation Before Collapse
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FTX Founder Allegedly Sought Federal Regulation Before Collapse

FTX founder Sam Bankman-Fried allegedly sought federal regulation for the crypto exchange before its collapse and his resignation as CEO. A leaked email exchange with a top regulator showed Bankman-Fried's intent to meet with the Federal Deposit Insurance Corporation chairman in June 2022.

US SEC Boss Gary Gensler Calls to Regulate DeFi Projects
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US SEC Boss Gary Gensler Calls to Regulate DeFi Projects

The US Securities and Exchange Commission Chairman Gary Gensler is pushing to regulate the decentralized finance (DeFi) landscape. He recently said that DeFi is adequately organized and therefore needs regulatory compliance.

The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business
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The Cayman Islands Creates Regulatory Framework to Attract Virtual Asset Business

The Ministry of Financial Services of the Cayman Islands announced that it is building regulatory frameworks for individuals and entities that offer digital assets in business.

Randall Crater, Founder of "My Big Coin" Sentenced
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Randall Crater, Founder of "My Big Coin" Sentenced

A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.

South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding
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South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding

A day after India’s Supreme Court lifted the ban on cryptocurrencies, South Korea has followed in their footsteps as the nation’s National Assembly has amended the Act on Reporting and Use of Specific Financial Information. This move fully legalizes cryptocurrencies in South Korea.

Bitcoin ATM Installations Plunge in May, CoinRadar Data Shows
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Bitcoin ATM Installations Plunge in May, CoinRadar Data Shows

The ongoing ‘crypto winter’ is now reflected in the number of Bitcoin Automated Teller Machine (ATM) installations across the globe

CFTC Commissioner Questions VCs' Due Diligence
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CFTC Commissioner Questions VCs' Due Diligence

Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.

Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry
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Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry

Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole. He added that the crypto industry has "already started moving outside" of the US given its crypto regulation process is "behind" other countries such as Australia, UK, Japan, Singapore, and Switzerland.

U.S. District Judge Kevin Castel Grants Request to Defer civil cases
regulation

U.S. District Judge Kevin Castel Grants Request to Defer civil cases

On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.

Japan Concerned About AI Chatbots
regulation

Japan Concerned About AI Chatbots

A new survey in Japan reveals that 69.4% of the population wants stricter regulation in the development of AI chatbots. This comes as Japanese officials consider integrating AI into their systems.

Coinbase CLO Responds to SEC's Opposition
regulation

Coinbase CLO Responds to SEC's Opposition

Coinbase's Chief Legal Officer, Paul Grewal, responded to the SEC's opposition to the company's motion to dismiss the case against it. Grewal criticized the SEC for making unsupported legal claims and emphasized that the assets listed on Coinbase are not securities. He also called for regulation that listens to the crypto community and mentioned that Coinbase will file its reply on October 24, 2023.

UK FCA Warns of FTX Unauthorised Provision of Financial Services to Investors
regulation

UK FCA Warns of FTX Unauthorised Provision of Financial Services to Investors

The U.K.’s Financial Conduct Authority (FCA) issued a warning on its official website (FCA) that cryptocurrency exchange FTX may be providing financial services or products in the country without authorization.

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset
regulation

Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1.

New Bitcoin Tax Plan Stifles Blockchain Technology
regulation

New Bitcoin Tax Plan Stifles Blockchain Technology

After a fierce debate exploded over how to tax cryptocurrency, a bid to pass an infrastructure bill worth approximately $1 trillion has stalled in the US senate.

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions
regulation

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit its public sector.

Indonesia to Launch State-Backed Crypto Exchange by Mid-2023
regulation

Indonesia to Launch State-Backed Crypto Exchange by Mid-2023

Indonesia plans to launch a state-backed crypto exchange by mid-2023 to promote a more secure and transparent market, with greater regulatory oversight and investor protection.

Puerto Rico to Become a Prefered Destination for Crypto Investors, Establishing Friendly Taxation and Island Lifestyle
regulation

Puerto Rico to Become a Prefered Destination for Crypto Investors, Establishing Friendly Taxation and Island Lifestyle

Under Act 60 or the Individual Investors Act, non-Puerto Rican residents get exempted from paying capital gains for investments realized, and this is one of the factors attracting crypto investors.

United States Congress Will Vote on American COMPETE Act to ‘Beat China’ in Blockchain Technology
regulation

United States Congress Will Vote on American COMPETE Act to ‘Beat China’ in Blockchain Technology

United States Congress will vote today on a bill that specifically aims to ensure the US remains competitive with China in the race for blockchain supremacy.

US Department of Justice Works with International Agencies to Crack Down NetWalker Ransomware
regulation

US Department of Justice Works with International Agencies to Crack Down NetWalker Ransomware

The US Department of Justice has led international efforts that have seen half a million dollars in cryptocurrency seized from the NetWalker ransomware group.

EU's ESMA Wants Public Input on Proposed DLT Regulation
regulation

EU's ESMA Wants Public Input on Proposed DLT Regulation

The European Union’s Securities and Markets Authority has called on concerned market stakeholders to comment on its proposed regulation for the use of Distributed Ledger Technology in securities trading and settlement.

UK Aims to Implement Crypto Regulation Soon
regulation

UK Aims to Implement Crypto Regulation Soon

The UK plans to establish digital asset regulation within a year to take advantage of blockchain's benefits for the private sector and the economy, according to Andrew Griffith, the economic secretary to the UK Treasury.

List of Blockchain Projects, People and ICOs the SEC Charged
regulation

List of Blockchain Projects, People and ICOs the SEC Charged

A list of some of the blockchain projects and crypto figures who have been charged by the United States Securities and Exchange Commission over the years.

Digital Assets Should be Regulated as Part of Banking Industry: Ex-Regulator
regulation

Digital Assets Should be Regulated as Part of Banking Industry: Ex-Regulator

Financial experts are advocating for digital currency innovation and activities to be subsumed into the banking industry, a move that will let regulators permit their overall growth.

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker
regulation

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

A billboard in Times Square has been hired by the ‘Free Ross’ movement as part of a campaign to release the Ross Ulbricht, founder of the Silk Road drug trafficking marketplace on the darknet.

High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says
regulation

High Taxation in Japan is Driving Crypto Businesses Away, Entrepreneur Says

To prevent entrepreneurs from leaving the nation, Japan should minimize corporate taxes on crypto businesses, according to Sota Watanabe, the CEO of Stake Technologies Pte.

Arkansas passes Bitcoin mining regulation bill
regulation

Arkansas passes Bitcoin mining regulation bill

Arkansas has passed a bill to regulate Bitcoin mining activity in the state, protecting miners from discriminatory regulations and taxes. Digital asset miners must pay applicable taxes and operate without causing stress to public utility generation capabilities. The move follows a similar initiative in Montana and New York's proof-of-work mining moratorium.

KuCoin's Emphasis on Self-Regulation and User Security Highlighted at TOKEN2049
regulation

KuCoin's Emphasis on Self-Regulation and User Security Highlighted at TOKEN2049

Alicia Kao, KuCoin's Managing Director, discussed the challenges and opportunities of cryptocurrency exchanges during the TOKEN2049 panel. She highlighted the importance of self-regulation and KuCoin's strict security protocols. KuCoin, a leading global exchange, has a user base of 29 million and endorses over 750 projects. The panel provided valuable insights into the crypto industry's future direction.

Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
regulation

Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations

The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country.

Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021
regulation

Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021

Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.

Stablecoins Pose Risks to Financial Stability: Yellen
regulation

Stablecoins Pose Risks to Financial Stability: Yellen

The instability of the UST stablecoin has pushed the United States Treasury Secretary, Janet Yellen, to advocate for introducing a tighter regulatory framework to govern the entire stablecoin offshoot of the crypto ecosystem.

Ripple Expands Global Regulatory Team and Joins Blockchain Association
regulation

Ripple Expands Global Regulatory Team and Joins Blockchain Association

Ripple, the San Francisco-based blockchain startup, just announced its inclusion of four new members into its global regulatory team in Washington D.C.

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

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.

SEC Makes ICO Token Sales More Inclusive, Not Enough For SEC Commissioner Hester Peirce
regulation

SEC Makes ICO Token Sales More Inclusive, Not Enough For SEC Commissioner Hester Peirce

The US SEC has modernized their definition of an 'accredited investor' to consider not just an individual’s wealth, but their education.

Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb
regulation

Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb

Coinbase CEO Brian Armstrong shared rumors that the Trump Administration may rush crypto wallet regulations on traders with privacy-invading data-collection requirements.

SEC Charges Citadel Securities Over Short Sale Regulation Violations
regulation

SEC Charges Citadel Securities Over Short Sale Regulation Violations

The U.S. Securities and Exchange Commission (SEC) has charged broker-dealer Citadel Securities for non-compliance with Regulation SHO, a framework aimed at curbing abusive short selling practices. Citadel Securities has agreed to pay a $7 million penalty to settle the charges, which involve mislabeled millions of orders over five years due to a coding error within its automated trading system.

What Global Regulators Think of Libra: The Asia Pacific Edition
regulation

What Global Regulators Think of Libra: The Asia Pacific Edition

Libra, the new cryptocurrency by social media giant Facebook, has generated controversy with lawmakers and regulators globally since its announcement in June of this year. Concerns were mostly revolved around the stablecoin potentially disrupting the global financial system. The scrutiny towards Facebook aims at the fear that the new digital currency could possibly take power away from the governments.

China Declares Bitcoin as Virtual Property with Monetary Value
regulation

China Declares Bitcoin as Virtual Property with Monetary Value

China has taken a new step with an important legal precedent regarding Bitcoin in a property dispute case in Hangzhou. Read more about how this case affirmed the legal status of Bitcoin as a virtual property with protection under Chinese law.

Basel Committee on Banking Supervision Seeks Advice on Designing Prudential Treatment for Crypto-assets
regulation

Basel Committee on Banking Supervision Seeks Advice on Designing Prudential Treatment for Crypto-assets

Basel Committee on Banking Supervision publishes paper going over the design for prudential treatment for crypto assets. The paper goes over areas such as risks of crypto-asset exposures, capital, and liquidity requirements, and general considerations for the prudential treatment.

EU to Regulate AI Use of Copyrighted Material
regulation

EU to Regulate AI Use of Copyrighted Material

The European Union has passed a draft bill to regulate AI use of copyrighted materials. AI tools will be classified according to their risk level, with high-risk tools subjected to stricter transparency procedures. The bill is part of the EU's Artificial Intelligence Act and aims to strike a balance between protecting citizens and fostering innovation.

Lawyers Speak on Motions Dealing With Potential conflicts
regulation

Lawyers Speak on Motions Dealing With Potential conflicts

James Bromley represents FTX's debtors in bankruptcy. Bromley attacked former CEO Sam Bankman-social Fried's media attacks on his law firm, Sullivan & Cromwell, which represented FTX and Ryne Miller.

The World Economic Forum Forms Six Tech Policy Councils Including Blockchain
regulation

The World Economic Forum Forms Six Tech Policy Councils Including Blockchain

The World Economic Forum (WEF) launched six different “fourth industrial revolution councils” to help regulators working on the new technology policy guidance. The new technology included artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine, as revealed on 29 May.

Brazilian SEC Seeks Adjustment to Crypto Regulation
regulation

Brazilian SEC Seeks Adjustment to Crypto Regulation

The Brazilian Securities and Exchange Commission (SEC) is pushing for adjustments to the legal framework of the crypto market in the country.

TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data
regulation

TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data

Following President Trump’s executive order against TikTok, new evidence has revealed that the social media app had been collecting unique identifiers from millions of mobile devices, allowing the China-based app to track user’s online without permission.

Hong Kong Wants to Legalize Cryptocurrency Trading
regulation

Hong Kong Wants to Legalize Cryptocurrency Trading

Hong Kong wants to take action to become an international virtual assets center by launching several legal initiatives related to emerging technologies in the crypto industry.

US Representative Tom Emmer Introduces Legislation to Limit Fed
regulation

US Representative Tom Emmer Introduces Legislation to Limit Fed

Representative Tom Emmer presented the "CBDC Anti-Surveillance State Act" to encourage financial privacy and CBDC transparency.

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill
regulation

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

Lawmakers in the US are coaxing the federal government to consider a national blockchain strategy for regulation and growth, citing China’s Blockchain Service Network as an example.

Thai Regulator Warns Against Unlicensed Crypto Firms as Cryptocurrency Trading Ramps Up
regulation

Thai Regulator Warns Against Unlicensed Crypto Firms as Cryptocurrency Trading Ramps Up

As cryptocurrency trading ramps up in the region, the Securities and Exchange Commission of Thailand (SEC) warns investors against unregulated crypto players.

Bitzlato crypto firm taken down
regulation

Bitzlato crypto firm taken down

Europol: 46% of Bitzlato assets were unlawful. U.S. and European authorities confiscated $19.5 million in cryptocurrencies from crypto wallets.

US, EU Regulators Vow to Remove Russian Banks from SWIFT Network
regulation

US, EU Regulators Vow to Remove Russian Banks from SWIFT Network

One of the latest sanctions from the western camp seeks to ban specific Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in response to the Russian invasion of Ukraine.

Chamber of Digital Commerce argues the SEC is overstepping its authority
regulation

Chamber of Digital Commerce argues the SEC is overstepping its authority

The Chamber of Digital Commerce submitted an amicus brief asking the SEC to drop its case against former Coinbase employee Ishan Wahi for insider trading, alleging that the agency is trying to classify secondary market transactions as securities.

The Fed Rejects Custodia Bank's Membership Application
regulation

The Fed Rejects Custodia Bank's Membership Application

The Fed rejected cryptocurrency-focused Custodia Bank membership again, citing "sound banking operations."

Former FTX CEO ordered not to contact current or former employees
regulation

Former FTX CEO ordered not to contact current or former employees

Sam Bankman-Fried cannot contact FTX or Alameda personnel or utilise Signal as part of his bail terms.

The Number of Crypto-Related Enforcement Actions in the United States Grows
regulation

The Number of Crypto-Related Enforcement Actions in the United States Grows

Blockchain risk monitoring business Solidus Labs predicts a significant rise in US federal and state enforcement actions in 2022.

Singapore Passes Law to Regulate VASPs Operating Abroad
regulation

Singapore Passes Law to Regulate VASPs Operating Abroad

Singapore-based Virtual Assets Service Providers (VASPs) which do their business offerings or products abroad are now required to secure licensing from the relevant authorities.

Regulating the Metaverse: BIS's Call for Unity
regulation

Regulating the Metaverse: BIS's Call for Unity

BIS emphasizes the need for interoperable payment technologies and robust regulatory framework to prevent metaverse fragmentation and private interests dominance, emphasizing Central Bank Digital Currencies' importance.

IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats
regulation

IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats

The IRS plans to update the 1040 income tax form for 2020 to make it more difficult for taxpayers to avoid declaring their crypto assets.

Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading
regulation

Ripple CEO Brad Garlinghouse Criticizes India’s New Bill Seeking to Ban Crypto Trading

Ripple CEO has responded to reports that India intends to introduce a ban on crypto trading.

US Banking Crisis Fuels Regulation Debate
regulation

US Banking Crisis Fuels Regulation Debate

The recent fall of major banks in the US has reignited discussions about the most effective ways to safeguard the economy. Economist Peter Schiff argues that increasing banking regulations could contribute to a worsening economic crisis, while a group of economists warns that nearly 190 US banks are at risk of depositor-driven collapse due to monetary policies.

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
regulation

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.

UK Parliament Requests Calls for Evidence on Crypto Impacts
regulation

UK Parliament Requests Calls for Evidence on Crypto Impacts

The Treasury Committee of the Parliament of the United Kingdom has put out a Call for Evidence as it embarks on a mission to study the future of cryptocurrencies and how they will impact local society.

Trump’s Proposed Capital Gains Tax Cuts Could Benefit Ethereum 2.0 Stakers
regulation

Trump’s Proposed Capital Gains Tax Cuts Could Benefit Ethereum 2.0 Stakers

President Donald Trump has proposed a capital gains tax cut which may greatly benefit United States cryptocurrency traders—particularly those planning to stake on Ethereum 2.0.

Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
regulation

Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading

Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers.

China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism
regulation

China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

Ant Group founder Jack Ma and the firm’s top executives met with PBoC and three financial regulators as China published new draft rules for online micro-lending.

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud
regulation

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

Three website operators lured romance seekers with their bogus bitcoin investment scam.

UK’s Financial Regulator Seeks to Hire Crypto Specialist to Spearhead Digital Asset Regulations
regulation

UK’s Financial Regulator Seeks to Hire Crypto Specialist to Spearhead Digital Asset Regulations

UK’s financial regulator has posted a job listing for a potential candidate with strong crypto knowledge. The recruitment could be an indication that the agency is set to provide higher degree of regulatory scrutiny of digital assets and possible abuses.

Blockchain Firms To Benefit From SEC's Upward Review of Fundraising Limits For SMEs
regulation

Blockchain Firms To Benefit From SEC's Upward Review of Fundraising Limits For SMEs

The Securities and Exchange Commission has amended its maximum fundraising limit for Small and Medium Enterprises a move that will benefit smaller blockchain firms.

IRS Delays Crypto Reporting Requirements for US Businesses
regulation

IRS Delays Crypto Reporting Requirements for US Businesses

The IRS delays enforcing crypto transaction reporting requirements for US businesses, pending a comprehensive regulatory framework. This follows the crypto community's concerns over the practical challenges of complying with the Infrastructure Investment and Jobs Act's rules.

ISIS Millions Could Be Hidden in Cryptocurrency Ready-to-Fund War Chest
regulation

ISIS Millions Could Be Hidden in Cryptocurrency Ready-to-Fund War Chest

There is fear that missing ISIS’s £246 million may have been hidden in cryptocurrency waiting to be used for war chest.

Filipino Thinktank Infrawatch PH Blows Whistle on Binance
regulation

Filipino Thinktank Infrawatch PH Blows Whistle on Binance

Filipino think-tank, Infrawatch PH has called on the Department of Trade and Industry (DTI) to investigate Binance exchange for illegally operating in the Philippines.

Binance Ends USDC Transactions on TRC20 Network
regulation

Binance Ends USDC Transactions on TRC20 Network

Binance will stop supporting USDC transactions on the TRC20 network from April 5, 2024, in response to Circle's policy changes.

US Treasury Invites Public Opinions on Digital Assets Framework
regulation

US Treasury Invites Public Opinions on Digital Assets Framework

The US Treasury Department has requested US citizens to comment on how Biden's Executive Order on digital assets could be streamlined and modernized.

Former Fed Chair Janet Yellen Confirmed in Senate as new US Treasury Secretary
regulation

Former Fed Chair Janet Yellen Confirmed in Senate as new US Treasury Secretary

After being nominated by President Joe Biden, the United States Senate has now confirmed former Federal Reserve Chair Janet Yellen to serve as Treasury Security.

UK Financial Watchdog FCA Bans Crypto Derivatives Trading For Retail Investors
regulation

UK Financial Watchdog FCA Bans Crypto Derivatives Trading For Retail Investors

The United Kingdom’s Financial Conduct Authority (FCA) has issued its final rules banning the sale of crypto derivatives and exchange-traded notes (ETNs).

UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
regulation

UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins

The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco.

Andorra to Ratify Digital Assets Adoption with Crypto Law
regulation

Andorra to Ratify Digital Assets Adoption with Crypto Law

Andorra, or 'the Principality of Andorra', is contemplating regulations of digital assets and other blockchain technologies. Its parliament is debating on relative amendments before turning them into a draft.

Indian Government Affirms to Regulate Digital Currencies instead of Banning
regulation

Indian Government Affirms to Regulate Digital Currencies instead of Banning

Affirming the prior speculations on the concerted efforts of the Indian parliament and government to regulate the developing world of cryptocurrencies.

FTX Japan users withdraw funds amid litigation
regulation

FTX Japan users withdraw funds amid litigation

Due to the large number of FTX-SBF victims, payment is projected to take time.

Leaked EU Commission Draft on Crypto Assets Law: How Will Cryptocurrency be Regulated?
regulation

Leaked EU Commission Draft on Crypto Assets Law: How Will Cryptocurrency be Regulated?

A leaked European Union legislative draft on digital assets reveals the country's plans for cryptocurrency trading and issuance across the nation.

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"
regulation

FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"

The Financial Stability Board (FSB) has announced its 2024 Work Programme, focusing on crypto regulation, AI, and digital innovation, aiming to enhance global cooperation and stability in finance.

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations
regulation

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

The Nigeria Securities and Exchange Commission has announced a proposed crypto regulation guideline.

SEC Chair Gary Gensler Warns Crypto Companies
regulation

SEC Chair Gary Gensler Warns Crypto Companies

Kraken agreed to shut down its U.S. staking services and initiatives, but SEC chair Gary Gensler advised other businesses to “come in and respect the law.”

FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'
regulation

FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'

FTX co-founder and Chief Executive Officer Sam Bankman-Fried said some tokens could be classified as securities and those that are not, urging a federal oversight of the crypto industry.

European Crypto Startups See Record VC Investment in 2022
regulation

European Crypto Startups See Record VC Investment in 2022

Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the highest number of crypto startups, but lags behind the US in unicorns and startups with over $1 million in funding. Investment in financial service-based startups declined by 19% compared to 2021, while infrastructure grew by 24%. The EU's Markets in Crypto-Assets regulations are set for a final vote in April 2023.

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities
regulation

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.

UK NatWest Bank Restricts Daily Transfer Amount to Crypto Exchanges, Including Binance
regulation

UK NatWest Bank Restricts Daily Transfer Amount to Crypto Exchanges, Including Binance

To prevent the occurrence of fraud-related incidents, NatWest bank has tightened restrictions on crypto-related activities followed by the U.K. financial watchdog imposing restrictions on crypto exchanges.

The White House is continuing to develop its National Digital Assets Research and Development
regulation

The White House is continuing to develop its National Digital Assets Research and Development

The White House wants advice on its National Digital Assets Research and Development Agenda. The agenda "shapes a whole-of-government effort" to build digital assets and distributed ledger technologies. The president's digital asset executive order prompted its September announcement.

Gary Gensler Wants Congress to Back the SEC in Regulating Crypto
regulation

Gary Gensler Wants Congress to Back the SEC in Regulating Crypto

SEC Chair Gary Gensler wants Congress to give his agency more powers to regulate the crypto industry.

A Colombian court recently hosted its first legal trial in the metaverse
regulation

A Colombian court recently hosted its first legal trial in the metaverse

The metaverse hosted Colombia's Magdalena Administrative Court's February 15 session. Maria Quinones, the court's Magistrate, called it "realer than a video call."

US SEC Executive Who said Ethereum is Not a Security to Leave the Agency
regulation

US SEC Executive Who said Ethereum is Not a Security to Leave the Agency

The US SEC has announced that William Hinman, the current director of the Division of Corporate Finance, would leave the commission by the end of this year.

Iran to Introduce Additional Penalties for Illegal Crypto Mining
regulation

Iran to Introduce Additional Penalties for Illegal Crypto Mining

The Iranian government is going to pass new regulations to increase the penalties for illegal cryptocurrency mining using subsidized electricity.

Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation
regulation

Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation

During a fireside chat at the Hong Kong Web3 Festival, Binance CEO Changpeng Zhao (CZ) discussed the importance of regulators having a deep understanding of the crypto industry to properly regulate it. He emphasized the need for regulatory clarity and engagement with regulators. CZ also suggested that government efforts to restrict traditional financial markets may push more people towards crypto, ultimately leading to mass adoption.

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways
regulation

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management.

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations
regulation

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

Securities and Commodities Authority in the United Arab Emirates released a draft containing their tentative resolutions on how the crypto market will be regulated.

Japan's FSA Warns Binance and Others for Operating Without Registration
regulation

Japan's FSA Warns Binance and Others for Operating Without Registration

Japan's Financial Services Agency (FSA) has warned several foreign cryptocurrency exchanges, including Binance, of conducting business in the country without proper registration, violating the nation's fund settlement laws. The FSA has been cracking down on unregistered crypto exchanges since 2020, and this warning signifies that the cryptocurrency industry in Japan and other nations is facing greater regulatory scrutiny.

Slow to Incorporate Crypto Regulations Could Fuel Arbitrage Risk: French Central Banker
regulation

Slow to Incorporate Crypto Regulations Could Fuel Arbitrage Risk: French Central Banker

Francois Villeroy de Galhau, the governor of the French Central Bank, has warned of the risks of arbitrage that may be fueled by uneven crypto regulations on the global scale.

Voyager Digital Receives a Cease and Desist Order from New Jersey Regulators
regulation

Voyager Digital Receives a Cease and Desist Order from New Jersey Regulators

Digital assets platform, Voyager Digital, has been issued a cease and desist order by the New Jersey Bureau of Securities for offering unregistered securities in the form of its Voyager Earn program.

Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System
regulation

Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System

Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.

Can XRP Token Price Ever Recover from SEC Lawsuit Against Ripple?
regulation

Can XRP Token Price Ever Recover from SEC Lawsuit Against Ripple?

Ripple CEO Brad Garlinghouse remains defiant in the face of the SEC’s lawsuit but the XRP token continues to lose value with multiple exchange de-listings. Can XRP recover?

DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens
regulation

DBS Declines to Offer Crypto Services to Retail Customers as Regulation Stiffens

Since regulators consider crypto coins to be ill-suited for retail consumers, DBS bank said that it will not offer such products to retail-banking clients any time soon.

Crypto Miner HIVE Requested for Resubmission of Form 40-F
regulation

Crypto Miner HIVE Requested for Resubmission of Form 40-F

Hive Blockchain Technologies Ltd said it received a letter from Nasdaq, requesting that the company renew its annual report on Form 40-F due to delays in filing submit plans to meet exchange listing compliance.

South Korea Probes OKX for Unregistered Operations
regulation

South Korea Probes OKX for Unregistered Operations

South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.

Chinese Regulators Shut Down A Domestic Software Firm Over Alleged Involvement in Illegal Crypto Trading
regulation

Chinese Regulators Shut Down A Domestic Software Firm Over Alleged Involvement in Illegal Crypto Trading

A local Chinese software company suspected of involvement in cryptocurrency trading activities was forced to shut down by two Two financial regulators in China, including the People’s Bank of China (PBoC).

Turkey's Concern for Crypto Mounts, Races to Implement Long-Awaited Regulation
regulation

Turkey's Concern for Crypto Mounts, Races to Implement Long-Awaited Regulation

Following confirmation that the long-awaited crypto regulation is ready by the Turkish President, Recep Tayyip Erdoğan, stakeholders in the country want the regulations to be implemented as soon as possible.

UK Treasury Drafting Private Stablecoin Regulations and Researching CBDC with BoE
regulation

UK Treasury Drafting Private Stablecoin Regulations and Researching CBDC with BoE

The United Kingdom’s Treasury Department has announced it is drafting private stablecoin regulation while it continues central bank digital currency (CBDC) research.

German Financial Regulator Officially Classifies Cryptocurrencies as Financial Instruments
regulation

German Financial Regulator Officially Classifies Cryptocurrencies as Financial Instruments

The German Federal Financial Supervisory Authority (BaFin) released a new guideline on classifying cryptocurrencies as financial instruments. The BaFin has taken crypto classification one step further as the previous guidelines only covered security tokens.

US Department of Justice Releases Cryptocurrency Enforcement Framework
regulation

US Department of Justice Releases Cryptocurrency Enforcement Framework

The US Department of Justice (DOJ) has released a cryptocurrency enforcement framework, which offers a comprehensive overview of the emerging threats in the crypto space.

Has Judgement Finally Come for 2017 ICOs? Class Action Lawsuits Name Binance, BitMEX and Block.One Among Host of Crypto Defendants
regulation

Has Judgement Finally Come for 2017 ICOs? Class Action Lawsuits Name Binance, BitMEX and Block.One Among Host of Crypto Defendants

Crypto Giants Binance, BitMEX, along with Executives CZ, Arthur Hayes Named Among Defendants in 11 Class Action Suits For Violating Securities Laws.

Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy
regulation

Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) have introduced a bill that highlights the adoption of digital securities as a crucial element of Germany’s blockchain strategy.

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations
regulation

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations

Chair Rostin Behnam said the CFTC was "ideally positioned" to solve crypto regulatory shortcomings, but legislators needed to provide it power.

World Economic Forum Releases GSMI Global Blockchain Standards
regulation

World Economic Forum Releases GSMI Global Blockchain Standards

The World Economic Forum (WEF) has released blockchain standards dubbed the Global Standards Mapping Initiative (GSMI).

Banking crisis could push cryptocurrency regulation into gray area
regulation

Banking crisis could push cryptocurrency regulation into gray area

Circle CEO Jeremy Allaire believes that the ongoing global banking crisis could lead to more uncertainty and gray area in the regulation of cryptocurrencies due to market anxiety over exposure to the US financial system and the risk of a large-scale banking system failure.

HKMA Initiates Stablecoin Issuer Sandbox Program
regulation

HKMA Initiates Stablecoin Issuer Sandbox Program

The HKMA has announced the launch of a stablecoin issuer sandbox, a step forward for fintech innovation in Hong Kong, aligning with regulatory oversight.

Canadian Crypto Exchange Shuts Down to Protect Customers
regulation

Canadian Crypto Exchange Shuts Down to Protect Customers

In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.

US Treasury and IRS Propose New Regulations on Digital Asset Reporting
regulation

US Treasury and IRS Propose New Regulations on Digital Asset Reporting

The US Department of the Treasury and the IRS have issued proposed regulations to improve transparency and compliance in the digital asset sector. Starting Jan. 1, 2025, brokers must report gross proceeds, payee statements, and gain/loss and basis information for sales. The regulations aim to close the tax gap and ensure uniformity in tax rules.

Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus
regulation

Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus

Arkansas Rep. French Hill is poised to assume leadership of the House Financial Services Committee, bringing a crypto-savvy perspective to the role.

Japan to Adopt New Stablecoin Regulations
regulation

Japan to Adopt New Stablecoin Regulations

Japan's Financial Services Agency (FSA) is trying to legalise stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT) and USD Coin (USDC).

HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment
regulation

HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment

Hong Kong's SFC has provided a detailed timeline of its investigation into the fraudulent activities of the unlicensed virtual asset trading platform JPEX. Despite the ongoing case, SFC CEO Leung Fung-yee reaffirms that Hong Kong's commitment to developing a Web3 ecosystem will not waver.

Bybit CEO clarifies company's exposure to Genesis
regulation

Bybit CEO clarifies company's exposure to Genesis

Bybit CEO confirms $150 million Genesis Global Trading exposure. The crypto community has moved on from FTX's bankruptcy to other loan businesses, some of which are suing parent company Digital Currency Group.

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home
regulation

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home

Ripple CEO Brad Garlinghouse said that his company has earmarked Singapore and Japan as the most crypto-friendly countries where Ripple Labs could relocate.

Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week
regulation

Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week

The Hong Kong Special Administrative Region's government will release the plans for the development of virtual assets in the city during FinTech Week by the end of this month.

Facebook’s Libra Could Do to the Payment Sector What Elon Musk's SpaceX Did to the Space Industry, Binance Research Reveals
regulation

Facebook’s Libra Could Do to the Payment Sector What Elon Musk's SpaceX Did to the Space Industry, Binance Research Reveals

Libra has released its updated whitepaper, marking several significant changes towards providing individual stablecoins for major fiat currencies, including USD, EUR, GBP, and Libra Coin.

India Sees a Step Backward as Lawmaker to Advocate Crypto Ban
regulation

India Sees a Step Backward as Lawmaker to Advocate Crypto Ban

An Indian Lok Sabha lawmaker, Nishikant Dubey, advocates that the nation should ban cryptocurrencies rather than embrace these nascent assets through regulation.

Binance Exchange Makes Strategic Venture Investment in Malaysian MX Global
regulation

Binance Exchange Makes Strategic Venture Investment in Malaysian MX Global

Malaysian-based fintech and trading platform- MX Global has announced the onboarding of Binance exchange as a strategic investor in the company.

New Zealand's Tax Authority Demands Info on Crypto Investors
regulation

New Zealand's Tax Authority Demands Info on Crypto Investors

New Zealand's Internal Revenue Department has asked all companies to pass on customers' personal details as well as the type and value of their crypto assets.

Celebrities asked to dismiss second amended complaint in class-action lawsuit
regulation

Celebrities asked to dismiss second amended complaint in class-action lawsuit

Kim Kardashian, Floyd Mayweather, and others claim investors "suffered no damage from just hanging onto the tokens" in their dismissal request.

Microsoft's OpenAI Investment Faces EU Merger Regulation Scrutiny
regulation

Microsoft's OpenAI Investment Faces EU Merger Regulation Scrutiny

The European Commission is investigating Microsoft's investment in OpenAI, a significant partnership since 2019, under the EU Merger Regulation, as part of a larger plan to control tech giants' influence in the AI field, focusing on potential anti-competitive impacts.

UK Government Adds New Crypto Amendment In Finance Regulation Bill
regulation

UK Government Adds New Crypto Amendment In Finance Regulation Bill

The UK’s Financial Services and Markets bill published an amendment paper on Friday, portraying that the UK government is seeking to regulate crypto and ban unauthorized service providers.

The Digital Dollar Continues to be Pushed by Former CFTC Chair
regulation

The Digital Dollar Continues to be Pushed by Former CFTC Chair

The former US Commodity and Futures Trading Commission (CFTC) Chairman continues to fight for the U.S Dollar to become a digital global force.

Binance Exchange Halts Major Crypto Services in Singapore
regulation

Binance Exchange Halts Major Crypto Services in Singapore

Binance has announced that with effect from October 26, users from Singapore will not be able to access the most basic functions of the Binance.com platform

Crypto Users Stand at 300M, Representing Nearly 3.7% of the Global Population
regulation

Crypto Users Stand at 300M, Representing Nearly 3.7% of the Global Population

Crypto adoption continues to experience an uptick, given that users are currently at the 300 million mark.

Binance Taps Operating License from the Bank of Spain
regulation

Binance Taps Operating License from the Bank of Spain

Binance cryptocurrency exchange has received the license to operate in Spain through its subsidiary in the country, Moon Tech Spain SL

MAS Faults Three Arrows Capital for Sharing False Information
regulation

MAS Faults Three Arrows Capital for Sharing False Information

Despite its current woes as a liquidated company, the Monetary Authority of Singapore (MAS) has come out openly to accuse Three Arrows Capital (TAC), also popularly called 3AC, of providing it with false information about key aspects of its business

Qatar Issues Crypto Ban, Digital Securities Still Allowed to Roam
regulation

Qatar Issues Crypto Ban, Digital Securities Still Allowed to Roam

Qatar’s regulator has blocked all crypto asset services in the nation. The Qatar Financial Centre Authority (QFC) mentioned in a statement that all “Virtual Asset Services may not be conducted in or from the QFC at this time.”

Reliance Retail accept digital rupee at one store
regulation

Reliance Retail accept digital rupee at one store

Reliance Retail has pledged to assist India's CBDC throughout its companies.

Japan to Introduce Legislation Governing Banks and Crypto Exchanges
regulation

Japan to Introduce Legislation Governing Banks and Crypto Exchanges

The Japanese government is pushing for new legislation that will request cryptocurrency trading platforms operating in the country become governed by the same rules that apply to banks.

BIS has long taken a cautious approach
regulation

BIS has long taken a cautious approach

Agustin Carstens mocks crypto and Bitcoin. Tech doesn't work for money, he told Bloomberg.

India Chooses to Regulate Crypto, Will Levy 30% Taxes on Income Earned from All Digital Assets
regulation

India Chooses to Regulate Crypto, Will Levy 30% Taxes on Income Earned from All Digital Assets

In a dramatic turn of events, India has decided to regulate cryptocurrencies with a major move introducing crypto taxation on all transactions involving digital assets.

EBA Issues Updated Guidelines for Crypto Asset Service Providers
regulation

EBA Issues Updated Guidelines for Crypto Asset Service Providers

The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.

ECB to Warn Countries in the Eurozone about Crypto Regulation
regulation

ECB to Warn Countries in the Eurozone about Crypto Regulation

The European Central Bank is reportedly on track to issue warnings to national authorities within the Eurozone about individual handling of the crypto ecosystem.

India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court
regulation

India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court

The Indian government is planning to bring in a new law to ban cryptocurrency trading, following the prohibition of banks and financial services to provide services related to crypto.

ShapeShift Responds to Elizabeth Warren
regulation

ShapeShift Responds to Elizabeth Warren

Shapeshift responded to Senator Warren's Valentine's Day Senate hearing statements on Twitter on Feb. 19.

FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard
regulation

FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard

The UK’s Financial Conduct Authority has disclosed that many crypto firms are withdrawing their applications to register with the agency.

SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy
regulation

SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy

The SEC has withdrawn its lawsuit against Debt Box, accusing it of a $50 million fraudulent scheme, paving the way for future charges and a significant shift in crypto firm regulatory landscape.

OECD Presents New Transparency Framework for Crypto-Assets to G20
regulation

OECD Presents New Transparency Framework for Crypto-Assets to G20

For the upcoming G20 finance ministers' meetings, leaders are going to discuss the CARF framework that builds on certain enhancements to the Common Reporting Standard (CRS).

US Draft Bill Proposes Framework for Stablecoins
regulation

US Draft Bill Proposes Framework for Stablecoins

A new draft bill has been published in the United States proposing a regulatory framework for stablecoins. The bill would put the Federal Reserve in charge of non-bank stablecoin issuers, such as Tether and Circle. Insured depository institutions seeking to issue stablecoins would fall under federal banking agency supervision. The bill also includes a ban on issuing stablecoins not backed by tangible assets and proposes a study on "endogenously collateralized stablecoins."

Indonesia's State-Backed Crypto Exchange: An Analysis
regulation

Indonesia's State-Backed Crypto Exchange: An Analysis

Indonesia's state-backed crypto exchange aims to promote transparency, accountability, and investor protection. It is expected to boost crypto adoption.

South Korean Police Raid Bithumb Crypto Exchange For Second Time in BXA Token Fraud Case
regulation

South Korean Police Raid Bithumb Crypto Exchange For Second Time in BXA Token Fraud Case

Bithumb, the largest crypto exchange in Korea has been raided for a second time in five days by the South Korean police.

Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency
regulation

Binance Faces Intensified Scrutiny in Nigeria Amid Accusations of Impacting Local Currency

Binance is under heightened scrutiny in Nigeria, with allegations of contributing to the naira's devaluation, challenging the crypto exchange's regulatory dialogues.

Telegram Abandons TON and Gram Tokens, Durov Critical of US Regulating Whole World
regulation

Telegram Abandons TON and Gram Tokens, Durov Critical of US Regulating Whole World

Telegram CEO Pavel Durov has announced that they are calling it quits on the Telegram Open Network (TON) and its Gram tokens after a drawn-out battle with the United States Securities and Exchange Commission.

Bitget Registers as a Service Provider in Lithuania
regulation

Bitget Registers as a Service Provider in Lithuania

Bitget has registered as a service provider in Lithuania after meeting compliance standards with regional laws and regulations. Lithuania is an emerging digital asset market and a popular location for cryptocurrency and blockchain projects.

AI in the Dock: B.C. Supreme Court Tackles Fabricated Legal Cases
regulation

AI in the Dock: B.C. Supreme Court Tackles Fabricated Legal Cases

The B.C. Supreme Court case raises concerns about AI reliability in legal proceedings, highlighting the need for regulation, education, and ethical guidelines for legal professionals.

Reasons behind Monday’s Crypto Market Sell-off Panic: Evergrande Group shaky Bankruptcy Threat Ahead
regulation

Reasons behind Monday’s Crypto Market Sell-off Panic: Evergrande Group shaky Bankruptcy Threat Ahead

The fall down of the Chinese real estate giant Evergrande Group swept the entire cryptocurrency market. Evergrande’s financial crisis caused investors to worry about China’s catastrophic debt default, which caused panic selling in the market.

Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
regulation

Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts

The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests.

Paxos Trust Company Disagrees With U.S. Securities
regulation

Paxos Trust Company Disagrees With U.S. Securities

Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.

Gibraltar Introduces New Legislation to Combat Insider Trading and Market Manipulation
regulation

Gibraltar Introduces New Legislation to Combat Insider Trading and Market Manipulation

The Gibraltar Financial Services Commission (GFSC) has updated its regulatory guidelines for the digital currency ecosystem to include a 10th clause that addresses insider trading and market manipulation.

China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights
regulation

China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights

The Chinese Supreme Court has decided to strengthen cryptocurrency property rights. China’s Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law.

UK FCA Regulator Announces “Temporary Registration Regime” Extending Operating Deadline for Crypto Firms
regulation

UK FCA Regulator Announces “Temporary Registration Regime” Extending Operating Deadline for Crypto Firms

The UK’s FCA has just announced a “temporary registration regime” which allows crypto firms who have previously applied to continue operating until July 2021.

LSE Set to Launch Bitcoin and Ethereum ETNs
regulation

LSE Set to Launch Bitcoin and Ethereum ETNs

LSE readies for Bitcoin & Ethereum ETN listings in Q2 2024, aligning with FCA's updated crypto stance, signaling a landmark for regulated crypto investments.

Ransomware Group Strikes Again: Canon Takes a Hit
regulation

Ransomware Group Strikes Again: Canon Takes a Hit

Canon recently suffered a cyber attack where approximately 10 terabytes of files, photos and data were stolen.

Consensys Files Lawsuit Against SEC Over Ethereum Regulation
regulation

Consensys Files Lawsuit Against SEC Over Ethereum Regulation

Consensys, a software development firm, has filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners, claiming the SEC plans to regulate Ethereum as a security, highlighting the ongoing debate on cryptocurrencies' regulatory classification and potential industry impact.

EU Imposes 8th Wave Sanctions over Russia to Include Blanket Crypto Ban
regulation

EU Imposes 8th Wave Sanctions over Russia to Include Blanket Crypto Ban

The European Union (EU) has updated its sanction on Russia, the 8th package, and this time, it unveils zero tolerance for crypto-related transactions.

UK Embraces Crypto Innovation with Groundbreaking Financial Services Act
regulation

UK Embraces Crypto Innovation with Groundbreaking Financial Services Act

The UK government has taken a bold step forward in the financial services sector, embracing the dynamic world of cryptocurrency and blockchain technology with the passing of the Financial Services and Markets Act 2023.

Coinbase Will Likely Delist XRP Token as SEC Files Lawsuit Against Ripple
regulation

Coinbase Will Likely Delist XRP Token as SEC Files Lawsuit Against Ripple

Coinbase has filed for an IPO and awaits the US SEC's review, the SEC is suing Ripple alleging XRP is security - Will Coinbase delist XRP before the battle even begins?

South Korea to Introduce 10%-50% Gift Tax on Crypto Airdrops
regulation

South Korea to Introduce 10%-50% Gift Tax on Crypto Airdrops

Users who receive crypto airdrops in South Korea could be taxed at 10%-50%. The virtual asset gains tax will start taking effect in 2025.

European Securities and Markets Authority Calls for Input on New EU Crypto Rules
regulation

European Securities and Markets Authority Calls for Input on New EU Crypto Rules

The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has initiated its first consultation package under the Markets in Crypto-Assets Regulation (MiCA). The authority is seeking stakeholder comments until September 20, 2023, marking a significant step towards establishing concrete rules for crypto markets in the EU.

Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million
regulation

Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million

Silviu Catalin Balaci, a 35-year old Romanian citizen living in Germany, has owned up to helping create BitClub Network, a crypto mining Ponzi scheme that siphoned off investors’ funds worth $722 million.

Coinbase Lists DeFi Tokens AAVE, BNT, and SNX as Warning of US Crypto Wallet Regulation Looms
regulation

Coinbase Lists DeFi Tokens AAVE, BNT, and SNX as Warning of US Crypto Wallet Regulation Looms

2020 has been all about the DeFi boom. Many crypto exchanges have welcomed the DeFi craze with open arms, notably Coinbase, with the addition of new coins.

Binance CEO CZ Surpasses Tech Giant, Holding World's Biggest Crypto Fortune with $96B Net Worth
regulation

Binance CEO CZ Surpasses Tech Giant, Holding World's Biggest Crypto Fortune with $96B Net Worth

Changpeng Zhao, the CEO of Binance cryptocurrency exchange, enjoys a fortune of $96 billion, who become the richest person, surpassing many tech giants, including Facebook's Mark Zuckerberg.

Japan's Web3 Project Team Releases White Paper to Boost Crypto Industry
regulation

Japan's Web3 Project Team Releases White Paper to Boost Crypto Industry

Japan's Web3 Project Team, a part of the country's ruling Liberal Democratic Party, has released a white paper with recommendations for expanding the country's cryptocurrency industry. The paper suggests modifications to tax regulations, establishing accounting standards, and creating a DAO law, among other proposals.

Oman Central Bank Issues Warning Against Crypto Trading, Specifically Dagcoin
regulation

Oman Central Bank Issues Warning Against Crypto Trading, Specifically Dagcoin

The Central Bank of Oman has warned citizens that cryptocurrencies come with a high risk and specifically highlighted the risks as they pertain to Dagcoin.

Exclusive: Liberal Society Comes with Friendly Crypto Regulations
regulation

Exclusive: Liberal Society Comes with Friendly Crypto Regulations

As a veteran lawyer in technology, Nathan Kaiser of Cardano Foundation shares his insights in identifying countries with friendly crypto jurisdictions. He also examined how different jurisdictions affect both on-chain and off-chain governance.

Banks increase risks to stablecoins
regulation

Banks increase risks to stablecoins

The death of the Terra ecosystem triggered a bear market in 2022, causing losses in billions, affecting investor sentiment, and intensifying the regulatory spotlight over cryptocurrencies. Recently, Circle's disclosure that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal request led to the depegging of its USD Coin (USDC). This event caused Binance CEO CZ to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the U.S. dollar.

IRS Criminal Investigations Puts $625,000 Bounty on Monero Privacy Crack and BTC Lightning Network Tracker
regulation

IRS Criminal Investigations Puts $625,000 Bounty on Monero Privacy Crack and BTC Lightning Network Tracker

IRS Criminal Investigations have put a $625,000 bounty on the heads of Monero (XMR) privacy and BTC Lightning Network (LN) transactions.

Tether Implements Wallet-Freezing Policy Aligned with US Regulations
regulation

Tether Implements Wallet-Freezing Policy Aligned with US Regulations

Tether's wallet-freezing policy, in line with US OFAC regulations, is a proactive approach to cybercrime, setting a new standard in the crypto industry.

Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill
regulation

Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill

Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill highlighting the ground rules and day-to-day usage of digital currency funds.

Circle CEO Criticizes SEC Stablecoin regulations
regulation

Circle CEO Criticizes SEC Stablecoin regulations

As payment systems, stablecoins are not securities, according to Circle's CEO.

European Commission Moves to Tighten Rules on Cryptocurrency Transfers
regulation

European Commission Moves to Tighten Rules on Cryptocurrency Transfers

The European Commission has announced that firms transferring Bitcoin and other cryptocurrencies must collect details of payers and payees to help regulators prevent the flow of dirty money.

Concerns Arise as North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate
regulation

Concerns Arise as North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate

The Financial Services Commission of North Korea, which is supposed to be in charge of the supervision of cryptocurrencies, asked which ministry is responsible.

South Korea Plans to Suspend Crypto Taxation Until 2023
regulation

South Korea Plans to Suspend Crypto Taxation Until 2023

Crypto investors in South Korea might have a sigh of relief because the government intends to delay imposing crypto taxation until 2023.

The Most Unworkable State Law
regulation

The Most Unworkable State Law

An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.

SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO
regulation

SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO

The US Securities and Exchange Commission (SEC) has revealed that it has received a final judgment in a US district court action against Eran Eyal, the CEO and founder of Shopin token offering for carrying out an allegedly fraudulent ICO.

US Rep. Tom Emmer Fears Criticism of Digital Payment Innovation May Repress Progress
regulation

US Rep. Tom Emmer Fears Criticism of Digital Payment Innovation May Repress Progress

In a congressional hearing which was held on January 30, US Representative Tom Emmer has expressed his concern about the excessive criticism of innovations in digital payment, saying that it may repress its progress.

Nigeria Releases New Rules Classifying Crypto as Securities
regulation

Nigeria Releases New Rules Classifying Crypto as Securities

In a move that might boost crypto trading in Nigeria, the nation’s Securities and Exchange Commission (SEC) has rolled out “rules on issuance, offering platforms, and custody of digital assets” for virtual firms.

India's Proposed 30% Tax on Digital Asset Implies Recognition of Cryptos
regulation

India's Proposed 30% Tax on Digital Asset Implies Recognition of Cryptos

India's decision to regulate cryptocurrencies by introducing a high crypto tax rate of up to 30% on all transactions involving digital assets is an indication that the government recognizes cryptocurrency transactions as valid.

Chinese MIIT Issues Guidance on Blockchain Technology
regulation

Chinese MIIT Issues Guidance on Blockchain Technology

China has issued guidelines for promoting the application of blockchain technology and industrial development.

EU Drafts AI Bill to Address Copyright Concerns
regulation

EU Drafts AI Bill to Address Copyright Concerns

The European Union has passed a draft bill that will classify AI tools according to their risk level and impose stricter transparency procedures for high-risk tools. The bill is part of the EU’s Artificial Intelligence Act and aims to address concerns around the use of copyrighted materials in AI training.

Ukrainian President Signs Law to Establish Regulatory Framework for Crypto
regulation

Ukrainian President Signs Law to Establish Regulatory Framework for Crypto

Amidst the ongoing war on its shores, Ukraine President Volodymyr Zelenskyy has signed into law the bill that will legalize digital currencies in the country.

Coinbase Counters Senator Warren's Allegations
regulation

Coinbase Counters Senator Warren's Allegations

Coinbase denies Sen. Warren's allegations of using ex-government officials to resist digital asset regulations, highlighting its commitment to responsible crypto regulation.

CoinSwitch Kuber Raided by Indian Authorities: Report
regulation

CoinSwitch Kuber Raided by Indian Authorities: Report

Indian crypto exchange giant, CoinSwitch Kuber comes off as the next trading platform to be raided by the Indian Enforcement Directorate (ED).

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit
regulation

US SEC Hiring Attorneys for Crypto Assets and Cyber Unit

The US SEC is hiring general attorneys in New York, San Francisco, and Washington D.C. for its Crypto Assets and Cyber Unit in the Division of Enforcement. The job will involve investigating crypto asset securities and cyber issues, drafting subpoenas, and questioning witnesses. This move comes after the SEC chairman Gary Gensler asked for $2.4 billion in funding to chase down crypto misconduct.

US House Committee to Discuss Stablecoin Regulation
regulation

US House Committee to Discuss Stablecoin Regulation

The US House of Representatives Committee on Financial Services will conduct a hearing on stablecoin regulation on April 19th, following the introduction of a draft bill on stablecoin regulation. The hearing will include testimonies from experts, including Austin Campbell, a managing partner at Zero Knowledge Consulting and adjunct professor at Columbia Business School, who believes stablecoins will expand the reach of the US dollar and increase financial inclusion.

Taiwan's Financial Regulator Cautions Investors Amidst Crypto Volatility
regulation

Taiwan's Financial Regulator Cautions Investors Amidst Crypto Volatility

Taiwan's FSC urges public caution with virtual asset trading due to extreme price volatility, highlighting the speculative nature and risks involved.

Uzbekistan Blocks Binance Operating in the Country, Except UzNEX
regulation

Uzbekistan Blocks Binance Operating in the Country, Except UzNEX

The Uzbekistan government has blocked internet protocol (IP) addresses of foreign firms or exchanges offering crypto services in the Central Asian country.

Russian Federal Watchdog Censors Binance for Distributing Crypto-Related Data
regulation

Russian Federal Watchdog Censors Binance for Distributing Crypto-Related Data

Roskomnadzor has blacklisted crypto exchange Binance for what it deems as “containing information prohibited for distribution in Russia.

New York Attorney General Letitia James Sues CoinEx
regulation

New York Attorney General Letitia James Sues CoinEx

CoinEx was sued by New York Attorney General Letitia James for selling bitcoin without registering.

Japan Advances LLC-Type DAOs: Easing Tokenized Membership Rights Regulations
regulation

Japan Advances LLC-Type DAOs: Easing Tokenized Membership Rights Regulations

Japan proposes amendments to ease regulations on tokenized membership rights for Decentralized Autonomous Organizations (DAOs), aligning tokenized rights with traditional company memberships, marking a significant step towards fostering DAO operations.

The Future of the Financial Sector Will Rely on Blockchain, Says Singapore’s Fintech Chief
regulation

The Future of the Financial Sector Will Rely on Blockchain, Says Singapore’s Fintech Chief

Sopnendu Mohanty, the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) spoke at a panel at Blockshow Asia 2019 held at the Marina Bay Sands Convention Center last week. In his panel on the topic of: “All that fintech with a layer of blockchain,” he explains the MAS’ role for blockchain adoption in Singapore and in Asia.

GameStop Phases Out NFT Platform in Response to Regulatory Challenges
regulation

GameStop Phases Out NFT Platform in Response to Regulatory Challenges

GameStop has announced the closure of its NFT marketplace, citing regulatory uncertainty. Effective from February 2, 2024, the platform will cease operations but assures that NFTs remain accessible on the blockchain.

US SEC Commissioner Proposes 3 Year Securities Law Exemption for Crypto Projects
regulation

US SEC Commissioner Proposes 3 Year Securities Law Exemption for Crypto Projects

United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has doubled down on her recent suggestion to provide decentralized network developers a safe harbor and has now submitted a formal proposal.

Russian Auditor of Accounts Chamber Warns of the Risks in Crypto Investment
regulation

Russian Auditor of Accounts Chamber Warns of the Risks in Crypto Investment

Alexei Savatyugin, the Auditor of the Accounts Chamber in the Russian Parliament has shared concerns about unregulated digital currencies, and the risks they pose to investors.

Ethics Watchdog Bans Crypto Holders from Proposing US Digital Assets Regulation Policies
regulation

Ethics Watchdog Bans Crypto Holders from Proposing US Digital Assets Regulation Policies

The legal advisory notice from the US Office of Government Ethics (OGE) has banned federal employees, who invest directly in cryptocurrencies, from working on policies related to such digital assets.

Protests Erupt as Alexander Lukashenko Wins Disputed Landslide Election in Crypto Forward Belarus
regulation

Protests Erupt as Alexander Lukashenko Wins Disputed Landslide Election in Crypto Forward Belarus

In Belarus, a highly contested election victory for longstanding President Alexander Lukashenko over Svetlana Tikhanovskaya has erupted in protests. Despite the dispute, the Soviet forged dictator’s stay of power may be good news for crypto.

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption
regulation

Ripple Co-Founder Reveals Key Factor that Can Drive Up XRP Adoption

Ripple co-founder Chris Larsen disclosed what could potentially help in pushing XRP’s popularity higher.

Golden Gate University Establishes Blockchain Law for Social Good Center to Aid Regulation
regulation

Golden Gate University Establishes Blockchain Law for Social Good Center to Aid Regulation

The Golden Gate University School of Law has teamed up with Algorand Foundation to set up Blockchain Law for Social Good Center to eliminate regulatory scepticism.

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill
regulation

Louisiana State Congress Unanimously Pass Crypto-Business Licensing Bill

Crypto businesses may be offered a regulated path to legalization in the state of Louisiana. The proposed bill has been backed by Louisiana state representative Mark Weight. Should the bill be passed, the state would have a regulated crypto framework to operate within and would provide an official definition of traditionally ambiguous cryptocurrency-related terms.

European Union Introduces Comprehensive Crypto Law
regulation

European Union Introduces Comprehensive Crypto Law

The European Union has introduced a new crypto licensing regime called Markets in Crypto-Assets (MiCA), making it the first major jurisdiction in the world to introduce a comprehensive crypto law. The EU also voted in favor of a Transfer of Funds regulation that requires crypto operators to identify their customers in a bid to halt money laundering.

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges
regulation

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges

Blockchain analytics firm, Chainalysis, announced yesterday that it has secured a $100 million Series C financing bringing the company’s valuation to over $1 billion.

Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison
regulation

Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison

A darknet moderator for marketplace AlphaBay has been apprehended by law officials and sentenced to 11 years in prison.

Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure
regulation

Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure

In a bid to strengthen its regulatory landscape, Japanese lawmakers are reportedly looking forward to amending the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999)

US DOJ Launches National Crypto Enforcement Team
regulation

US DOJ Launches National Crypto Enforcement Team

The US DOJ has unveiled establishing a National Cryptocurrency Enforcement Team (NCET), a law enforcement task force fighting crypto crime.

First China, Now Singapore; Local Regulations Pushing Huobi Out of Asian Markets
regulation

First China, Now Singapore; Local Regulations Pushing Huobi Out of Asian Markets

Digital currency trading platform, Huobi Global is shutting its doors to its Singapore-based users in a bid to comply with local regulations in the country.

Global Efforts to Classify Cryptocurrencies
regulation

Global Efforts to Classify Cryptocurrencies

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

UK Regulator Issues Fresh Warning to Crypto Firms amid Key Deadline Approaches
regulation

UK Regulator Issues Fresh Warning to Crypto Firms amid Key Deadline Approaches

FCA issued a release with an even more direct message notifying crypto firms that they must bring their operations into compliance within the law or face potential regulatory action.

FDIC Mandates New Signage for Digital Platforms Starting 2025
regulation

FDIC Mandates New Signage for Digital Platforms Starting 2025

The FDIC has updated its signage requirements, mandating digital display of a new black and navy blue sign on websites, apps, and ATMs from 2025 to align with modern banking practices.

Crypto-Related Firms Should Treat Crypto Custody Arrangements as Liability: US SEC
regulation

Crypto-Related Firms Should Treat Crypto Custody Arrangements as Liability: US SEC

The U.S. Securities and Exchange Commission(SEC) said cryptocurrency-related U.S.-listed companies should link those assets to arsenic liabilities and disclose the associated risks to investors, Reuters reported.

Bank Indonesia to Evaluate CBDC Influence to Local Economy
regulation

Bank Indonesia to Evaluate CBDC Influence to Local Economy

Governor of the Bank Indonesia (BI) suggested that crypto can facilitate financial system efficiencies and inclusion. The administration is evaluating the impact of adopting CBDC on the local economy.

Russia Restricts Anonymous Cash Deposits to Online Wallets
regulation

Russia Restricts Anonymous Cash Deposits to Online Wallets

The Russian Government has put strict limits on anonymous deposits made to online wallets. While it is not a complete ban, the initiative by lawmakers is promoted as a step to deter illegal activity such as money laundering and illicit drug transactions and could affect up to 10 million users.

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year
regulation

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

The US Commodity Futures Trading Commission (CFTC), the derivatives regulator in the US has collected over $1.3 billion in regulatory and administrative penalties in the fiscal year of 2019, including funds collected from cryptocurrency businesses, which ended on Sept. 30.

US SEC Names CFTC Commissioner Dan Berkovitz as Incoming General Counsel
regulation

US SEC Names CFTC Commissioner Dan Berkovitz as Incoming General Counsel

The United States Securities and Exchange Commission (SEC) has announced Dan Berkovitz as the next General Counsel for the agency to resume in November.

California Proposes Crypto ATM Regulations Amid Rising Fraud
regulation

California Proposes Crypto ATM Regulations Amid Rising Fraud

California lawmakers propose regulations on cryptocurrency ATMs to combat escalating fraudulent activities. The bill, dubbed "Digital Financial Asset Transaction Kiosks," recommends a daily withdrawal limit of $1,000 and a cap on operators' fees, with implementation eyed for January 1, 2024. While some victims of ATM scams applaud the measure, crypto ATM operators express concerns over the potential adverse impact on small operators.

OKX to Halt Services in Canada Due to New Regulations
regulation

OKX to Halt Services in Canada Due to New Regulations

Cryptocurrency exchange OKX has notified its Canadian users that it will no longer provide services or allow new account openings in Canada, starting on March 24, 2023, due to new regulations. Existing Canadian customers must close open positions in options, margins, perpetual, and futures by June 22, 2023, and fiat or tokens must be withdrawn by the same date.

UK Government Explores IP Challenges in Emergent Metaverse Ecosystems
regulation

UK Government Explores IP Challenges in Emergent Metaverse Ecosystems

A new UK government report delves into the complex realm of IP issues within the Metaverse, highlighting the lack of consensus on its definition and the IP challenges it poses.

DBS Bank Gets Approval from the Monetary Authority of Singapore to Provide Crypto Payment Services
regulation

DBS Bank Gets Approval from the Monetary Authority of Singapore to Provide Crypto Payment Services

Singapore-based DBS Bank has officially received approval from the Monetary Authority of Singapore (MAS) to provide cryptocurrency payment services, starting from next Monday.

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns
regulation

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea's Financial Intelligence Unit (FIU) is set to introduce new regulations targeting digital asset mixers, mirroring similar moves by the US. These measures aim to curb the use of crypto mixers for illegal money laundering.

Bermuda Remains Committed to Crypto Despite FTX Collapse
regulation

Bermuda Remains Committed to Crypto Despite FTX Collapse

Bermuda's Premier and Finance Minister, Edward Burt, stated that despite the collapse of crypto exchange FTX in nearby Bahamas, Bermuda will continue to accommodate digital asset and blockchain technology companies due to the benefits they offer. The territory, which implemented a regulatory framework for digital assets, recently released its first stablecoin powered by the Polygon blockchain.

SEC Sues Ripple for Sale of “$1.3 Billion Unregistered Securities” as Crypto Leaders Debate over XRP
regulation

SEC Sues Ripple for Sale of “$1.3 Billion Unregistered Securities” as Crypto Leaders Debate over XRP

The SEC has filed a lawsuit against Ripple Labs Inc. for offering unregistered “digital asset securities” through which $1.3 billion was raised.

California Signs Executive Order to Formulate Crypto Regulations
regulation

California Signs Executive Order to Formulate Crypto Regulations

The US state of California announced that state agencies will work with the federal government to formulate digital currency regulations to officially accept and supervise cryptocurrencies.

SEC Adopts Expedited Public Listing Review Process—Blockchain ETFs Could Qualify
regulation

SEC Adopts Expedited Public Listing Review Process—Blockchain ETFs Could Qualify

The United States Securities and Exchange Commission has voted to adopt rule amendments to expedite the review procedure for companies applying for public listing, which could potentially create an expedited and cheaper application process for crypto and blockchain ETFs.

OKEx to Shut Down Its Crypto Business Operations in South Korea by April
regulation

OKEx to Shut Down Its Crypto Business Operations in South Korea by April

OKEX intends to shut down its crypto branch in South Korea. According to sources familiar with the talks, the move is attributed to new anti-money laundering regulations in the country.

Tether Denies Receiving Any Loans From Celsius
regulation

Tether Denies Receiving Any Loans From Celsius

Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.

The Philippines SEC seeks to bring cryptocurrencies under its scope
regulation

The Philippines SEC seeks to bring cryptocurrencies under its scope

The Philippines Securities and Exchange Commission (SEC) has suggested new cryptocurrency regulations to improve its control.

Currency.com Joins UK's Crypto Trade Association CryptoUK as an Executive Member
regulation

Currency.com Joins UK's Crypto Trade Association CryptoUK as an Executive Member

Currency.com has officially announced that it will join CryptoUK, the trade association of the UK's encrypted digital industry, as an executive member. It commits to share best practices and recommend how the sector responds to industry developments.

Treasury Secretary Nominee Janet Yellen Plans to Encourage Legitimate Crypto Use
regulation

Treasury Secretary Nominee Janet Yellen Plans to Encourage Legitimate Crypto Use

Biden's pick to lead the United States Treasury Department, Janet Yellen thinks crypto has potential to enhance the financial system and wants to encourage its legitimate use.

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

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.

Singapore Payment Services Act Now in Effect For Crypto Firms
regulation

Singapore Payment Services Act Now in Effect For Crypto Firms

The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.

Binance Australia Derivatives Closes Accounts After False Classification
regulation

Binance Australia Derivatives Closes Accounts After False Classification

The Australian Securities and Investments Commission would "target" the company's "classification of retail and wholesale customers."

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
regulation

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

DATF framework supports "AFSA's Strategy for 2022," which includes crypto framework development as one of three regulatory goals.

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Says Chairman Behnam
regulation

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Says Chairman Behnam

CFTC-led regulation has the potential to bring confidence and stability to the crypto market, according to Chairman Behnam.

American Investors are in Bitcoin Buying Frenzy as BTC Price Rises, Crypto Flows in From Asia
regulation

American Investors are in Bitcoin Buying Frenzy as BTC Price Rises, Crypto Flows in From Asia

As the Bitcoin bulls continue to run and push the BTC price to new levels, a massive amount of crypto has been shifting from East Asia to North America—a trend which could represent a huge shift in the crypto market according to Reuters.

Decline in Crypto Crime: Insights into 2024 Trends and Challenges
regulation

Decline in Crypto Crime: Insights into 2024 Trends and Challenges

2024 sees a notable decline in crypto crimes, with hacking and scamming activities reduced. However, ransomware and darknet markets show resurgence, emphasizing the need for enhanced security and regulatory measures in the crypto industry.

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains
regulation

Blockchain Association Rejects Court's Securities Ruling on Private Blockchains

A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities.

Genesis settles with the SEC, agreeing to a $21 million penalty
regulation

Genesis settles with the SEC, agreeing to a $21 million penalty

Genesis Global Capital, LLC settles with the SEC, agreeing to a $21 million penalty for unregistered securities offerings through its Gemini Earn program.

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines
regulation

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

The Internal Revenue Service will not clarify how taxes work with cryptocurrencies and digital asset transactions in the US according to a US congress watchdog’s report released on Wednesday.

FTX Shares 10-Point Regulatory Proposals to American Congress
regulation

FTX Shares 10-Point Regulatory Proposals to American Congress

Cryptocurrency trading platform FTX Derivatives Exchange has published a 10-point regulatory proposal, aims at helping American regulators to provide better regulatory oversight of the broader cryptocurrency ecosystem.

Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender
regulation

Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender

Arizona state senator Wendy Rogers also supported a tax-exempt crypto bill.

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
regulation

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.

CBUAE Plans to Launch Central Bank Digital Currency
regulation

CBUAE Plans to Launch Central Bank Digital Currency

The government plans a uniform, rapid card payment platform.

Russia To Introduce Laws Regarding the Confiscation of Crypto Assets
regulation

Russia To Introduce Laws Regarding the Confiscation of Crypto Assets

Russia Prosecutor General Igor Krasnov said that the administration is preparing to introduce legislative amendments to the confiscation of illegal digital assets by law enforcement agencies, according to TASS.

Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals
regulation

Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals

President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security advisor John Bolton’s book—Trump’s administration has actually handed Bitcoin and Ethereum a huge advantage over other cryptocurrencies.

Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
regulation

Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading

Paraguay is advancing its crypto bill. Though it appears taking clues from its counterpart, El Salvador.

Paxos—Regulated and Rising above Trustless Tether and Lost Libra
regulation

Paxos—Regulated and Rising above Trustless Tether and Lost Libra

In this second part of our interview with Cascarilla, he explains why the PAX stablecoin is ultimately superior to Tether and gives his thoughts on Facebook’s Libra project and the nature of money.

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies
regulation

JPMorgan CEO Calls for More Regulatory Clarity for Cryptocurrencies

In a letter to his shareholders, JPMorgan CEO Jamie Dimon cited the need for regulatory clarity for Bitcoin and other cryptocurrencies.

Mike Bloomberg: US Presidential Candidate Highlights Crypto Adoption In Agenda for Financial Reform
regulation

Mike Bloomberg: US Presidential Candidate Highlights Crypto Adoption In Agenda for Financial Reform

The United State presidential candidate for the upcoming 2020 election Mike Bloomberg is set to tender a proposal seeking to accommodate regulations for cryptocurrencies in a new financial plan that will be duly regulated.

Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech
regulation

Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech

Analysis of what happened to Ant Group after Jack Ma's speech on financial regulation, and the secrets of the Ant Group business.

Malaysian Communications Minister to Propose Crypto Legalization
regulation

Malaysian Communications Minister to Propose Crypto Legalization

Datuk Zahidi Zainul Abidin, the deputy minister of the Malaysian Ministry of Communications and Multimedia, is rallying the government to legalize cryptocurrencies to benefit the tech and crypto-savvy population.

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance
regulation

Matrixport's Evolved Enterprise-Grade Cactus Custody and Holistic Approach to KYT and AML Compliance

Matrixport is a Singapore-based cryptocurrency startup which was launched by former Bitmain CEO Jihan Wu. Established in July 2019 with the goal to offer over-the-counter trading, lending and custody services for crypto, Matrixport boasts a systematic security model, global distributed infrastructure and business-focused security innovation capability to assure the security and reliability of users' assets.

Institutional investors pull back from crypto amid regulatory crackdown
regulation

Institutional investors pull back from crypto amid regulatory crackdown

Last week, institutional fund withdrawals reached $32 million, despite a 10% market increase.

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found
regulation

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.

Canadian Lawmaker Introduces Bill, Seeking to Aid Crypto Industry's Growth
regulation

Canadian Lawmaker Introduces Bill, Seeking to Aid Crypto Industry's Growth

Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill that seeks to provide leeway for crypto and their ecosystem to thrive in the country.

Taiwan's Major Crypto Exchanges Form Association to Align with Upcoming Regulations
regulation

Taiwan's Major Crypto Exchanges Form Association to Align with Upcoming Regulations

Taiwan's major crypto exchanges form an industry association to align with upcoming regulations by the Financial Supervisory Commission. The association aims to serve as a unified voice for the industry and facilitate effective communication with the government.

BoE's Committee Recommends Taking a Closer Look on Crypto Regulation
regulation

BoE's Committee Recommends Taking a Closer Look on Crypto Regulation

In its latest Financial Stability Report, the Financial Planning Committee (FPC), an offshoot of the Bank of England has recommended pushing for an ‘enhanced’ regulatory framework.

The Central Bank of China Reiterates All Crypto-related Transactions are Illegal
regulation

The Central Bank of China Reiterates All Crypto-related Transactions are Illegal

The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.

UK Extends Stablecoin Regulation Consultation Period, Seeks Inclusive Feedback
regulation

UK Extends Stablecoin Regulation Consultation Period, Seeks Inclusive Feedback

The Bank of England and the Financial Conduct Authority have extended the feedback deadline for stablecoin regulation to February 12, aiming for a comprehensive, inclusive regulatory framework.

BankProv Stops Offering Loans Secured by Crypto Mining Rigs
regulation

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

BankProv said in an SEC filing that it would no longer lend against crypto mining machines.

Andreessen Horowitz Names New York Stock Exchange’s Top Regulator to Head Its Cryptocurrency Unit
regulation

Andreessen Horowitz Names New York Stock Exchange’s Top Regulator to Head Its Cryptocurrency Unit

Andreessen Horowitz venture capital firm hires the current head of the New York Stock exchange (NYSE)’s regulatory unit.

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

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.

SEC Reschedules Decision-Making on Bitcoin ETF Proposals
regulation

SEC Reschedules Decision-Making on Bitcoin ETF Proposals

The Securities and Exchange Commission (SEC) in the United States once again delayed on deciding on the three Bitcoin exchange-traded fund (ETF) proposals according to the release of documents from the regulatory agency on Monday.

Binance Taps Former Deputy US Attorney as its First Deputy General Counsel
regulation

Binance Taps Former Deputy US Attorney as its First Deputy General Counsel

Binance exchange has announced a new appointment of Joshua Eaton as its Deputy General Counsel, admiring his legal profession and military background would help the exchange deal with compliance challenges.

Indonesia Plans to Strengthen Security for Crypto Investments
regulation

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.

Crypto Conferences Scale Back
regulation

Crypto Conferences Scale Back

Crypto conferences have toned down the extravagance in response to the extended crypto winter, with attendees focusing on discussing regulation and tax. The XRP Las Vegas conference for XRP enthusiasts and the “XRP Army” highlighted frustration over regulatory clarity in the United States. Meanwhile, regulation was the primary topic at a recent Binance Australia meetup event, where attendees asked intelligent questions despite the ongoing bear market. Interest in crypto remains strong, even as conferences scale back.

US Treasury Suggests Easier Oversight for Nonbank Financial Institutions
regulation

US Treasury Suggests Easier Oversight for Nonbank Financial Institutions

The US Treasury and top financial regulators have proposed new rules to ease the Federal Reserve's designation of nonbank institutions as systemically important. Treasury Secretary Janet Yellen raised concerns over nonbank institutions' lack of supervision and the potential for financial contagion during periods of distress.

Infrastructure Bill: Is Treasury Sec Against the Proposed Amendments?
regulation

Infrastructure Bill: Is Treasury Sec Against the Proposed Amendments?

US Treasury Sec is opposed to the pro-Bitcoin amendments to the infrastructure bill. Here are some insights behind the story.

Switzerland Begins Consultation Before Finalizing its Proposed Blockchain Law Amendments
regulation

Switzerland Begins Consultation Before Finalizing its Proposed Blockchain Law Amendments

Switzerland announced it has initiated a consultation process ahead of its plans to effect amendments in its extant laws to accommodate blockchain technology

HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
regulation

HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash

The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.

The Collapse of the Cryptocurrency Market Triggers Discussions among Legislators
regulation

The Collapse of the Cryptocurrency Market Triggers Discussions among Legislators

Bitcoin plummeted by more than 30% yesterday and the huge volatility caused the panic of selling in the entire cryptocurrency market. This caused the U.S. regulators and legislators may be re-examining crypto-asset legislation.

California Spearheads AI Ethics and Safety with Senate Bills 892 and 893
regulation

California Spearheads AI Ethics and Safety with Senate Bills 892 and 893

California takes a pioneering role in AI regulation with Senate Bills 892 and 893, aiming to ensure AI safety, ethics, and public benefits.

South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges
regulation

South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges

South Korea’s Financial Services Commission (FSC) will ban privacy-centric digital assets or “dark coins” from exchanges as they present a high money laundering risk.

Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services
regulation

Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services

Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services.

Biden Appointed SEC Chair Gary Gensler is not Going to Save Ripple's XRP Token
regulation

Biden Appointed SEC Chair Gary Gensler is not Going to Save Ripple's XRP Token

Ripple CEO Brad Garlinghouse is celebrating President-elect Joe Bidens Decision to appoint Gary Gensler to SEC chair—but this will not make the lawsuit against XRP go away.

Hong Kong's Highest-Profile FinTech Consultant: Libra Puts CBDCs to the Top of the Central Banks' Agenda
regulation

Hong Kong's Highest-Profile FinTech Consultant: Libra Puts CBDCs to the Top of the Central Banks' Agenda

Blockchain.News interviewed Arslanian at the Asian Financial Forum held in Hong Kong earlier this month, where he was invited to speak on the development of FinTech.

Myanmar says Cryptocurrencies are Banned, but Local Users Disagree
regulation

Myanmar says Cryptocurrencies are Banned, but Local Users Disagree

Even though the Myanmar government said earlier this month that Bitcoin and other cryptocurrencies are not legal tenders in the country, fanatics continue to interact with the technology.

Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
regulation

Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation

Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”

EU Plans to Bar Interest Payments on Deposits in Stablecoins
regulation

EU Plans to Bar Interest Payments on Deposits in Stablecoins

Patrick Hansen, the head of Strategy at DeFi startup, Unstoppable Finance, said the expected MiCA bill could come as early as this month’s ending.

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials
regulation

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Finance ministry of the Philippines Government has alerted the public about false information that fraudulently uses the name of Secretary Carlos Dominguez III to promote a fake crypto trading platform recognized as “Bitcoin Revolution”.

The Bank of Russia Wants Strict Limits for Non-Professional Russian Crypto Investors
regulation

The Bank of Russia Wants Strict Limits for Non-Professional Russian Crypto Investors

Russia has published a proposal that sets strict limits on the amounts of digital assets acquired by non-professionals investors in a year.

Zhao Dong's Conviction Highlights China's Stance on Cryptocurrency and Foreign Exchange Regulation
regulation

Zhao Dong's Conviction Highlights China's Stance on Cryptocurrency and Foreign Exchange Regulation

Zhao Dong's conviction in China's OTC crypto trading case underscores the country's strict cryptocurrencies and foreign exchange regulations, warning other entities operating in similar jurisdictions.

Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes
regulation

Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes

Once branded a “Bitcoin casino," BitMEX has plunged into a series of crises over the last few years. The crypto exchange found itself trending on Twitter in the US recently because of the recent shutdown. BitMEX announced that its trading engine went offline for over an hour because of an incident, which the exchange identified as a “major outage."After some investigation, the exchange later announced that that platform restored its online operations. Such outage of BitMEX’s trading engine is the latest in a series of negative circumstances facing the exchange. Currently, as Bitcoin price hits $10,000, the major outage has prompted warnings that the exchange is becoming increasingly unreliable. The outage left customers unable to access their funds.

US SEC Delays Decision on Valkyrie Bitcoin Spot ETF Proposal Until 2022
regulation

US SEC Delays Decision on Valkyrie Bitcoin Spot ETF Proposal Until 2022

The SEC has delayed its decision on the Valkyrie Bitcoin Fund until January 2022.

Grayscale CEO challenges SEC's denial of application
regulation

Grayscale CEO challenges SEC's denial of application

If GBTC becomes a spot BTC ETF, Grayscale Investments CEO Michael Sonnenshein stated investors will get a "few of billion dollars" back.

US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms
regulation

US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms

The US Supreme court has limited the amount in punitive fines that the US Securities and Exchange Commission (SEC) can impose on cryptocurrency and blockchain firms, in a historic ruling yesterday.

FTX investors file class-action suit against Sequoia
regulation

FTX investors file class-action suit against Sequoia

FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer.

Regulated Stablecoins Likely to Remain in Use by 2030
regulation

Regulated Stablecoins Likely to Remain in Use by 2030

A panel of digital regulatory experts at the World of Web3 (WOW) Summit in Hong Kong discussed the future of regulated stablecoins. The group concluded that regulated stablecoins are likely to remain in use by 2030 and that their growth rate in the market supports this idea. The panelists acknowledged the growth of the crypto industry and emphasized the importance of both centralized and decentralized approaches to digital assets.

Bitcoin Prepares to Revisit $32,000 Support Level Before Retracing the Bull Market
regulation

Bitcoin Prepares to Revisit $32,000 Support Level Before Retracing the Bull Market

Bitcoin may see a decline in search for a support barrier that may kick-start a rally.

South Korea Crypto Sector Face Headwind over Stricter Legal Regulations Challenges ahead
regulation

South Korea Crypto Sector Face Headwind over Stricter Legal Regulations Challenges ahead

Crypto sectors and retail investors face a tough time as the finical regulators in South Korea are about implementing tougher and stricter administrative measurements to supervise the crypto industry.

Acting OCC Comptroller Urges Regulators to Collaborate with Crypto Intermediaries
regulation

Acting OCC Comptroller Urges Regulators to Collaborate with Crypto Intermediaries

Michael J. Hsu, the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) has advocated that regulators should collaborate with major crypto intermediaries in order to get a grasp of how the ecosystem functions.

BitGo Secures MPI License Approval in Singapore
regulation

BitGo Secures MPI License Approval in Singapore

BitGo has received in-principle approval for a Major Payment Institution (MPI) license from Singapore's MAS, allowing it to expand its crypto services in the region. This aligns with Singapore's robust regulatory standards and BitGo's commitment to security in digital asset transactions.

UK Treasury Doubles Down on Stablecoin Regulations in New Bill