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South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March
15.3.2024
A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities...
Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy
15.3.2024
Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy.
The post Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy appeared first on Cryptonews
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
14.3.2024
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain...
Crypto.com Faces Regulatory Hurdle with Dutch Central Bank Fine
14.3.2024
De Nederlandsche Bank (DNB), the central bank of The Netherlands, has imposed a major fine on crypto exchange Crypto.com.
The post Crypto.com Faces Regulatory Hurdle with Dutch Central Bank Fine appeared first on Cryptonews
Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case
13.3.2024
The founder of Bitcoin Fog, a major crypto-mixing service, has been convicted of money laundering in a United States District Court.
The post Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case appeared first on Cryptonews
Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry
13.3.2024
This is part of the preparations for the transition of crypto supervision to OJK by January 2025
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
13.3.2024
The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help...
Russian Crypto Regulation ‘May Have to Wait Until 2025’
13.3.2024
Russian crypto regulation may be delayed until 2025, as decision-makers in the nation prioritize other matters.
The post Russian Crypto Regulation ‘May Have to Wait Until 2025’ appeared first on Cryptonews
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
12.3.2024
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against...
FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...
Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension
12.3.2024
Worldcoin has been unsuccessful in obtaining an injunction against a temporary suspension imposed by Spain's data protection authority, the AEPD.
The post Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension appeared first on Cryptonews
Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill
12.3.2024
The new authority will enable KNF to independently block crypto accounts for 96 hours if any suspension arises.
The post Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill appeared first on Cryptonews
President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal
11.3.2024
President Biden's 2025 budget proposal aims to introduce a crypto mining tax and close the wash sale loophole for digital assets. The move faces opposition from House Republicans, who criticize the administration's spending. As the 2024 presidential race heats up, the outcome could shape the future...
Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority
10.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority...
Investors Get Green Light to Pursue Class Action Against Binance
9.3.2024
A group of investors who sought to sue cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case.
The post Investors Get Green Light to Pursue Class Action Against Binance appeared first on Cryptonews
$85 Million Crypto Super PAC Sets Sights on Transforming Senate Makeup
9.3.2024
A well-funded political action committee (PAC) backed by prominent figures in the cryptocurrency industry has set its sights on key Senate races, with the goal of potentially shifting the balance of power in Congress.
The post $85 Million Crypto Super PAC Sets Sights on Transforming Senate Makeup...
Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs
9.3.2024
The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law is also viewed as an effort to attract blockchain firms to Wyoming. New Law Reinforces...
US Prosecutors to Appeal Montenegrin Court’s Decision to Extradite Do Kown to South Korea
8.3.2024
US prosecutors aim to appeal the Montenegrin High Court's decision to extradite former cryptocurrency mogul Do Kwon to South Korea to face charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
The post US Prosecutors to Appeal Montenegrin Court’s Decision...
Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets
8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.
The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...
Entry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start
7.3.2024
The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami Start, co-founder and CEO of the crypto trading platform Transak, has argued. Start...