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Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision
6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...
Bittrex Global CEO Supports UK Treasury’s Crypto Regulation Steps – Here’s the Latest
6.11.2023
Bittrex Global CEO Oliver Linch has voiced support for the UK Treasury’s recent crypto asset regulation proposals, arguing that they could help the country achieve its goal of becoming a leading hub for digital assets. In a recent interview, Linch, a former solicitor at Shearman &...
OFAC Sanctions Russian National Accused of Using Virtual Currency to Launder Money
5.11.2023
According to the United States Office of Foreign Assets Control (OFAC), Russian national Ekaterina Zhdanova has been sanctioned as punishment for using virtual currency to launder money for designated Russian elites. OFAC said Zhdanova’s properties and interests in the United States are now either...
Former SEC Official Warns SBF Conviction Is ‘Just the Tip of the Iceberg’ for All of Crypto
5.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement says the conviction of ex-FTX CEO Sam Bankman-Fried (SBF) is “just the tip of the iceberg” for the entire crypto industry. “People should not think that it’s safe to go back in the water...
Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’
4.11.2023
Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual asset firms within the DIFC will now be able to incorporate...
Rosfinmonitoring: Crypto Popularity Soars in Russia, 185K Transactions Registered in 2023
3.11.2023
Director of Rosfinmonitoring Yuri Chikhanchin referred to the rise in popularity that crypto is experiencing in Russia in a recent interview, stating that more than 185,000 cryptocurrency transactions were completed during the first nine months of 2023. Chikhanchin also called for regulation in...
Could regulation have prevented Sam Bankman-Fried’s criminal verdict?
3.11.2023
Former FTX CEO Sam Bankman-Fried dreamed of being the President of the United States, but his lawlessness eventually caught up with him
UK Crypto Regulation Plan Draws Criticism from Former FCA Head
3.11.2023
Charles Randell, former chair of the Financial Conduct Authority (FCA), has criticized the UK government’s plans to regulate the crypto industry in a way similar to traditional financial investments. His comment comes as the UK government is moving forward with its plans to regulate...
Abu Dhabi pioneers DLT regulation for DAOs and Web3 innovations
3.11.2023
Abu Dhabi aims to become a crypto hub alongside Dubai, in a move that's part of a larger goal to foster initiatives in the broader blockchain and digital asset realm
Coinbase Halts Staking Services in Maryland Following Securities Commissioner’s Order
2.11.2023
In an unfolding development, the US cryptocurrency exchange Coinbase announced the suspension of its staking services in Maryland today via an e-mail to its customers. The decision follows a preliminary cease and desist order issued by the Maryland Securities Commissioner on June 6, 2023. The order...
U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy
2.11.2023
As the U.S. Securities and Exchange Commission (SEC) Chair keeps chasing non-compliance in crypto, his agency was slammed by the watchdog Government Accountability Office (GAO) for its own compliance failure in issuing crypto accounting standards without treating the policy as a formal rule....
Deutsche Telekom Becomes Validator of Privacy-Focused Aleph Zero, More to Come
2.11.2023
Privacy-enhancing layer-1 blockchain Aleph Zero has announced Deutsche Telekom’s wholly-owned subsidiary, Deutsche Telekom MMS, as its newest validator. Talking to Cryptonews, execs from the two companies discussed the relevance of supporting blockchains, what it means when a major company...
Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer
2.11.2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently...
UK’s National Crime Agency Seeks to Set Up Specialized Team to Combat Cryptocurrency Scams and Fraud
2.11.2023
The United Kingdom’s National Crime Agency (NCA) is taking a proactive stance against the rising threat of cryptocurrency scams and fraud. In response to the increasing attempts by bad actors to deceive crypto investors, the NCA has announced plans to establish a specialized cryptocurrency...
UK Government’s Ambition to Make Britain a Global Crypto Hub ‘Remains Steadfast’
2.11.2023
Britain’s Economic Secretary to the Treasury Andrew Griffith MP has reaffirmed the government’s ambition to make the U.K. a global hub for crypto asset technologies. He stressed that in order to realize this ambition, “we must make the U.K. a place where cryptoasset firms have...
Institutional Firms Projects Ether As Crypto with The Biggest Growth Outlook: Survey
1.11.2023
Global wealth fund managers have backed Ethereum (ETH) as the asset with the highest growth projection despite a slow price increase in recent months, a new survey shows. A new CoinShares Digital Asset Quarterly Fund survey shows an analysis of market-related activities, regulation,...
White House’s AI Safety Order Leads to Slide for AI Tokens
1.11.2023
President Joe Biden’s recent Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence has impacted the cryptocurrency market, with AI-related tokens dipping in value. The White House’s Executive Order introduces a regulation framework...
SEC Chair Gensler Wishes Bitcoin’s White Paper Happy Anniversary With Warning for Crypto Firms
1.11.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has wished Bitcoin’s white paper a happy anniversary. In addition to his playful remark about Bitcoin creator Satoshi Nakamoto dressing up in a Halloween costume, Gensler issued a stern warning to crypto firms, emphasizing...
Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report
31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...
UK Treasury Unveils Crypto Asset Regulatory Framework – Here’s What You Need to Know
31.10.2023
The UK government has issued a comprehensive response to its consultation on crypto asset regulation, unveiling a final regulatory framework based on input from businesses, experts, and significant market events, including the ongoing FTX court case. With these proposals, the UK government...