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G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
18.5.2023
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend
U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
18.5.2023
A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings
UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
18.5.2023
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support
Filecoin Price Drops After SEC Asks Grayscale to Withdraw FIL Trust Application
17.5.2023
The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to launch a Filecoin Trust product, the company revealed Wednesday
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
17.5.2023
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion
Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
17.5.2023
The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
17.5.2023
India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
17.5.2023
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies
Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
17.5.2023
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
17.5.2023
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
17.5.2023
The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
17.5.2023
The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities
SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules
17.5.2023
The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether
EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off
16.5.2023
The EU's Council unanimously approved the landmark Markets in Crypto Assets (MiCA) regulation and new anti-money laundering measures for crypto transfers
Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says
16.5.2023
The U.S. Securities and Exchange Commission (SEC) told an appeals court that crypto exchange Coinbase hadn't proven the regulator needs to create a new regulatory framework for the digital asset industry late Monday
U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network
15.5.2023
Criminal extortion charges against Steven Nerayoff, an early adviser to the Ethereum network, were dismissed by a New York judge on May 5, ending a three-and-a-half year legal battle that included explosive allegations he made against U.S. investigators
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
15.5.2023
The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
15.5.2023
Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
15.5.2023
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade...
G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week
15.5.2023
Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies