Search
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
18.7.2021
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will...
Shanghai Law Enforcement Officials, Scholars Talk Cryptocurrency
14.7.2021
Representatives of law enforcement agencies and academia in Shanghai held a seminar devoted to cryptocurrencies, regulations, and the combating of crypto-related crime. Determining “the legal attributes of virtual currency” was among the main topics at the forum which also focused...
SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme
12.7.2021
The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage...
Japanese Regulator Report Suggests DeFi Regulations Could Be Coming
9.7.2021
The top Japanese financial and crypto sector regulator, the Financial Services Agency (FSA), has published a report on DeFi, blockchain and crypto – with its authors concluding that there may be a need for the nation to develop regulations for the decentralized finance sphere.
The report was...
Binance CEO Changpeng Zhao Ponders Regulation: ‘Compliance Is a Journey’ in Crypto
9.7.2021
Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field. Binance...
Crypto Exchange Binance.us Hires Former Financial Regulator
8.7.2021
Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” — compliance. Binance.us...
EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest
8.7.2021
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money...
Sen. Warren queries SEC chair on lack of crypto investor protection
8.7.2021
The former presidential candidate has written to the SEC chairman for answers about plans for crypto consumer protection protocols in the United States
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
7.7.2021
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...
Barclays Blocks Customers From Sending Funds to Binance
6.7.2021
Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume. The bank announced its issues with wiring funds to Binance in a resolution message to the customers today. The banking giant cites the warning that...
'Investors stay clear': UBS warns regulators could pop 'bubble-like crypto markets’
6.7.2021
UBS has joined the phalanx of banks expressing concern over their customers investing in digital assets
Prime Minister of Vietnam Asks Central Bank to Pilot Digital Currency
5.7.2021
Pham Minh Chinh, the prime minister of Vietnam, has asked the country’s central bank to conduct a study of cryptocurrency and pilot the implementation of a blockchain-based currency within the next two years. The efforts are part of the Asian country’s new e-government strategy....
Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’
4.7.2021
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of...
Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs
4.7.2021
The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital...
New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange
3.7.2021
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange...
Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule
3.7.2021
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges...
US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’
3.7.2021
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough...
House committee reviews cryptocurrency risks, regulations in hearing
30.6.2021
A panel of expert witnesses and members of congress discussed the risks and rewards of cryptocurrency in committee Wednesday
UK’s NatWest bank limits transactions to crypto exchanges
30.6.2021
NatWest and other U.K. high street banks have ramped crypto curbs amid recent regulatory pressure on the sector
Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time
29.6.2021
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them...