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EU Formally Agrees on New Crypto Tax Data Sharing Rules
17.10.2023
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities
The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways
17.10.2023
Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried. Rather, these investors and lenders looked at unaudited...
Binance.US Halts Direct Dollar Withdrawals
17.10.2023
Dollar deposits in user wallets are no longer eligible for FDIC insurance protection, according to the updated terms of use
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Pennsylvania Lawmaker Scraps Crypto Mining Ban to Advance Energy Conservation Bill
17.10.2023
The state's Environmental Resources and Energy Committee accepted the amended bill on Monday by a slim margin
Banks Must Disclose Crypto Exposures, Global Regulator Says
17.10.2023
The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said
EU Regulator Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes
17.10.2023
The European Securities and Markets Authority doesn’t want foreign companies operating via EU “letterbox” entities
Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FT
17.10.2023
Authorities requested information on some 200 other crypto accounts, the FT said, citing people familiar with the matter
FTC Warns Consumers Crypto Deposits Are Not FDIC Insured
17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...
Genesis Ordered to Comply With Terra Subpoena Within 5 Days
16.10.2023
The crypto firm failed to comply with requests made as part of a probe into the collapsed stablecoin, a New York judge said
How Clear and Effective Crypto Regulations are Born
16.10.2023
Hong Kong's OSL Crypto Exchange Explores Sale at $128 Million Valuation
16.10.2023
Hong Kong-based BC Technology Group Ltd. is reportedly in the early stages of considering the sale of its crypto exchange platform OSL.
OSL is one of only two exchanges in Hong Kong licensed under the digital-asset rules introduced by the city in June.
As per the Bloomberg report, BC Technology...
California 'BitLicense' Bill Signed by Gov. Newsom
16.10.2023
The Digital Financial Assets Law will take effect on July 1, 2025
Saudi Central Bank Calls IMF for “Good Supervision” of Crypto Activities
16.10.2023
Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), has warned against the potential dangers and risks of cryptocurrencies and their brokers.
Addressing at a session on the global economy and crypto assets at the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Morocco...
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
16.10.2023
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024
Crypto Exchange Upbit Receives In-Principle License Approval from Singapore
16.10.2023
South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
The initial approval will enable Upbit Singapore to continue to provide digital payment token services...
Australia's Government Calls for Digital Asset Platforms to Abide by Existing Financial Regulations
16.10.2023
The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds.
The proposal, released on Monday, suggests subjecting digital asset platforms to the same laws that govern other...
G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap
15.10.2023
The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the G20 Roadmap,” the finance chiefs announced...
Ripple’s Legal Chief Calls for ‘Rational’ Crypto Regulation — Urges US to Stop Elevating Politics Over Sound Policy
15.10.2023
Ripple’s chief legal officer says the U.S. needs to ”stop elevating politics over sound policy.” Noting that countries and regions outside of the U.S., such as Singapore, the U.K., the EU, and Japan, welcome crypto businesses, he emphasized: “I think we need a rational...
SEC Suffers Another Setback Against Ripple — What Next?
14.10.2023
On October 3, U.S. District Judge Analisa Torres denied the Securities and Exchange Commission’s (SEC) interlocutory appeal of her July 13 decision. Judge Torres’ decision marked another public defeat for the SEC, and if you haven’t read about the case, check out our earlier...