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US Senators reintroduce crypto bill aimed at comprehensive regulation
12.7.2023
The Responsible Financial Innovation Act will establish guardrails "to prevent another FTX-style event from occurring" in the wake of the 2022 market crash and many bankruptcies
CFTC case against Digitex futures exchange and CEO results in $16M court order
12.7.2023
The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register
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...
Blockchain Association calls for investigation into Prometheum over alleged 'sweetheart' SEC deal
12.7.2023
The group raised concerns over Prometheum's changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license
Today in Crypto: Celsius Sues StakeHound Over $150M in Assets, US Finance Committee Asks Crypto Industry for Opinions, Russia's Duma Passes Digital Ruble Bill, Stablecoins are 'Existential Threat to Policy Sovereignty'
12.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Celsius Sues StakeHound Over $150M in Assets, US Finance Committee Asks Crypto Industry for Opinions...
EU ‘Understands the Benefits of Having One Crypto Market’, Says Blocktrade CEO Christian Niedermüller
12.7.2023
The EU's comprehensive work on regulating the industry will provide numerous benefits to crypto companies and their customers, argued Christian Niedermüller, CEO of the fully regulated crypto platform Blocktrade, in an interview with Cryptonews.
However, it will also create certain difficulties...
South Korea To Require Firms To Disclose Crypto Holdings Starting 2024
12.7.2023
South Korean firms that hold or issue cryptocurrencies will be required to disclose information about their transactions to the financial regulator starting next year.
The Financial Services Commission (FSC) of South Korea announced Tuesday that domestic companies that engage with crypto will have...
US Senators Cynthia Lummis and Kirsten Gillibrand Propose Legislation to Regulate Digital Assets
12.7.2023
US Senators Cynthia Lummis and Kirsten Gillibrand are set to propose a new bill today to regulate cryptocurrencies and other digital assets in the country.
Lummis and Kristen will reintroduce their Responsible Financial Innovation Act amid the ongoing debate about the future of digital asset...
Paradigm Counsel Accuses SEC of Overreach in Crypto Market Regulation
12.7.2023
Crypto investment firm Paradigm has submitted an amicus brief in the ongoing US SEC vs crypto exchange Bittrex case, asserting that the regulator is “wrongfully attempting” to oversee crypto secondary markets.
The US Securities and Exchange Commission (SEC) case against Bittrex should...
Dubai Regulator Deems Crypto Exchange Bitoasis’ License ‘Non-Operational’
12.7.2023
Cryptocurrency exchange Bitoasis’ license has been deemed “non-operational” by the Dubai digital assets regulator, the Virtual Assets Regulatory Authority. According to the regulator, VARA took the decisive step after Bitoasis failed to meet “mandated conditions within...
UK Regulator Targets Unlawful Crypto ATMs in Joint Operation
12.7.2023
The UK's financial watchdog and four other law enforcement agencies recently inspected another 18 crypto ATM sites, "disrupting" 26 machines across the nation.
The Financial Conduct Authority (FCA) stated on Tuesday that the sites "suspected" of operating crypto ATMs were inspected in May and June...
Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust
11.7.2023
Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal
UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox
11.7.2023
“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury
BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says
11.7.2023
Following the Blackrock application, a Bitcoin spot ETF was never so close to being approved and it could be a game changer for the crypto industry, explains ETF analyst Eric Balchunas
US authorities are investigating former FTX exec for potential campaign finance violations: Report
11.7.2023
FTX Digital Markets co-CEO Ryan Salame was the individual who first reported FTX to Bahmanian authorities, but he reportedly may face charges of his own in the United States
Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
11.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...
US lawmakers allege CCP connection in calling for SEC, DoJ investigation of Prometheum
10.7.2023
Republican members of Congress stepped up their allegations of Prometheum's ties to the Chinese Community Party, claiming potentially false or misleading statements to the SEC
Grayscale lawyers refer to SEC allowing Volatility Shares' investment vehicle in push for ETF
10.7.2023
According to Grayscale, the Volatility Shares ETF was an “even riskier" product than Bitcoin futures ETFs, suggesting the SEC should allow its spot crypto ETF to begin trading
Legal proceedings start for Terraform Labs co-founder in South Korea: Report
10.7.2023
Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway
Regulation, User Trust, and Tech Constraints Stand in the Way of Mass Crypto (Banking) Adoption, Says Brighty’s CTO Nikolay Denisenko
10.7.2023
In an interview with Cryptonews, Nikolay Denisenko, the co-founder and CTO of mobile digital finance Brighty app and former Lead Backend Engineer at neobank Revolut, spoke of the major challenges crypto companies face when moving into neobanking.
He further discussed how neobanks can utilize DeFi...