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Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
18.5.2023
Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
18.5.2023
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel
Pakistan Finance Minister Says Country Will Never Legalize Crypto, Cites FATF Regulations
18.5.2023
Pakistan Finance Minister has said the country will not legalize crypto trading, citing regulations by the Financial Action Task Force (FATF).
On Wednesday, Pakistan Minister of State for Finance Aisha Ghaus said the government cannot permit crypto trading because of the country's recent exit from...
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
EU Council Adopts New Rules for Europe’s Crypto Markets
18.5.2023
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....
There's a growing case for allowing crypto firms to bypass banks
18.5.2023
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash
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
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
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
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
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
EU Council approves MiCA for clear crypto regulation
16.5.2023
European Union Council finance ministers vote to adopt the continent’s Markets in Crypto-Assets legislation following unanimous approval of new legal frameworks
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