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UK's New Online Safety Bill Applies to the Metaverse, Lawmakers Agree
13.7.2023
The bill, nearing approval, has measures to prevent children from experiencing harm online
Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC
13.7.2023
Asserting powers over the $1 trillion crypto industry is of major significance, just like canceling student debt, the exchange’s lawyers argue
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
FTX Bankruptcy Lawyers Ask Court For $323m Recovery From FTX Europe Leadership
13.7.2023
Crypto exchange FTX's lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX's Europe leadership
Former CFTC Chair: Crypto Regulations Must Not Wait for Litigation, Standards Needed Today
12.7.2023
A crackdown on the crypto industry in the US should not wait for litigation in courts to conclude, but instead move forward with temporary restraints while the courts do their work, a former regulator has said.
Speaking with CNBC on Monday, Timothy Massad, former chairman of the Commodity Futures...
Digitex Founder Ordered to Pay $16M to Resolve CFTC Action, Banned From Trading
12.7.2023
The founder of crypto exchange Digitex, Adam Todd, has been ordered by a federal court to pay almost $16 million to resolve accusations that he ran an illegal platform and sought to manipulate its native token, DGTX, the U.S. Commodity Futures Trading Commission (CFTC) said in a Wednesday statement
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
12.7.2023
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and...
Stablecoin Issuers Urged to Anticipate MiCA Rules by EU Banking Agency
12.7.2023
Regulators can be notified of stablecoin-related operations now even though the rules don’t take effect until June 2024, the European Banking Authority said
Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report
12.7.2023
"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said
EU Securities Agency Issues First Batch of Detailed Crypto Rules Under MiCA Law
12.7.2023
Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets law
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
12.7.2023
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets
South Korea Wants Companies to Disclose Crypto Holdings
12.7.2023
Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules
Coinbase Goes to Court Against the SEC
11.7.2023
Coinbase (COIN) and the Securities and Exchange Commission will meet in court this week. The hearing – the questions asked and the answers given – should provide some hints on how the case may go (for now, anyway)
U.S. Department of Justice Arrests Engineer Over $9M Crypto Theft
11.7.2023
The U.S. Department of Justice arrested a security engineer on wire fraud charges, alleging he stole $9 million worth of crypto from an unnamed decentralized cryptocurrency exchange
EU’s Metaverse Vision Focuses on Standards, Governance and Funding
11.7.2023
The EU isn’t proposing new laws but could spend hundreds of millions on research into virtual worlds
UK Treasury Starts Consultation on Five-Year Digital Securities Trial
11.7.2023
The pilot will relax regulations for digital bonds and equities – but not unbacked crypto, like bitcoin or ether
How to use tax planning strategies for maximum savings
11.7.2023
Learn how to navigate tax laws and regulations for optimal financial management
Dubai Regulator Suspends Crypto Exchange BitOasis' Conditional License
11.7.2023
BitOasis said it's working closely with the Virtual Assets Regulatory Authority to fulfil the conditions
Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20
11.7.2023
Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses
DOJ Charges Moroccan Man With Stealing $450K in OpenSea Spoofing Scam
10.7.2023