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New UK Law Empowering Authorities to Seize and Destroy Crypto Assets Takes Effect Today
27.4.2024
A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims have the right to request the release of funds held...
Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves
27.4.2024
The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily...
SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
25.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final...
The Ever-Dwindling Chances for a Stablecoin Law
24.4.2024
Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?
Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case
24.4.2024
Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their...
Looking at Sam Bankman-Fried's Appeals Process
17.4.2024
As expected, Sam Bankman-Fried's legal team filed a notice of his intent to appeal his conviction on fraud and conspiracy charges. So far all we have is just the notice – the actual brief won't come for some time yet
Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry Rep
15.4.2024
A Vietnam ministry representative clarified Friday that crypto is not prohibited within the country. However, he emphasized the importance of establishing a legal framework to regulate them and mitigate potential risks.
The post Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry...
Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations
11.4.2024
Matthew White, CEO of Dubai's Virtual Asset Regulatory Authority (VARA), expressed the watchdog's commitment to easing the regulatory burden for smaller cryptocurrency entities.
The post Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations...
Crypto Industry Needs ‘Light’ Regulatory Framework to Combat Risks: US Sen. Thom Tillis
10.4.2024
Tillis stressed “light” regulation to help curb illicit crypto financing during the Senate Banking Committee meeting on Tuesday.
The post Crypto Industry Needs ‘Light’ Regulatory Framework to Combat Risks: US Sen. Thom Tillis appeared first on Cryptonews
Where South Korea’s Democratic Party and People Power Party Stand on Crypto Policies
10.4.2024
South Korea’s elections take place today and the outcome of who comes out tops will play a crucial role in influencing the regulatory environment for cryptocurrencies.
The post Where South Korea’s Democratic Party and People Power Party Stand on Crypto Policies appeared first on Cryptonews
Is the Sam Bankman-Fried Story Over?
10.4.2024
Last month, I attended Sam Bankman-Fried's sentencing hearing. Not that anyone asked, but I have some thoughts
Vaneck CEO Expects SEC to Reject Spot Ethereum ETF Applications in May
9.4.2024
The applications for spot ethereum exchange-traded funds (ETFs) face a potential rejection in May when the U.S. Securities and Exchange Commission (SEC) reaches its deadline for decisions, according to Vaneck’s CEO. His firm is one of the applicants seeking approval for a spot ether ETF....
Ripple CEO Expects Crypto Market Cap to Double This Year — ‘I’m Very Optimistic’
9.4.2024
Ripple CEO Brad Garlinghouse says he is “very optimistic” about the crypto market, predicting it could double its market cap this year. The executive explained that the macro trends, such as the spot bitcoin exchange-traded funds (ETFs), are driving “real institutional...
Coinbase Reaches ‘Crucial Milestone’ in Canada With Restricted Dealer Registration
7.4.2024
Cryptocurrency exchange Coinbase has announced that it has reached “a crucial milestone” in Canada by obtaining registration as a restricted dealer in the country. “Ranked as Coinbase’s third-most crypto-aware nation globally, Canada boasts an enthusiastic tech ecosystem that has...
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
6.4.2024
India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative...
Binance Nigeria Case Postponed Until April 19th Amidst Criminal Charges
4.4.2024
Tigran Gambrayan and Nadeem Anjarwalla, two Binance executives held against their will by Nigerian authorities, has been postponed until April 19 as the country seeks criminal charges against the duo, a Thursday court hearing reveals. However, only Gambrayan appeared before Judge Emeka Nwite in...
Argentina Regulator: We Want to Work With Crypto Firms to Police Industry
4.4.2024
Argentina’s top financial regulator says that it wants to “work together” with the nation’s crypto industry as it steps up its control over the sector.
The post Argentina Regulator: We Want to Work With Crypto Firms to Police Industry appeared first on Cryptonews
What a Judge Said About the SEC's Suit Against Coinbase
3.4.2024
Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening
Singapore Imposes New Rules for Digital Payment Token Services
3.4.2024
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do...
Binance Exec Staged Elaborate Escape, May Have Evaded Flights: Nigerian Official
1.4.2024
Binance executive Nadeem Anjarwalla absconded from Nigerian custody in February after his arrest. At the time, he was detained along with American colleague Tigran Gambaryan on accusations of misconduct related to the exchange.
The post Binance Exec Staged Elaborate Escape, May Have Evaded Flights:...