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FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
16.12.2022
According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs
16.12.2022
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural...
Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
16.12.2022
Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.
During a virtual meeting, Alder told UK Treasury members on Wednesday that many crypto platforms...
Japan set to ease 30% crypto tax on paper profits for token issuers
16.12.2022
As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions
16.12.2022
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations. Russia’s Central...
Finder.com sued by Australian regulator over its crypto yield product
16.12.2022
ASIC claimed a crypto yield-bearing product from Finder’s registered exchange was unlicensed, the firm disagreed but refused to say if it would fight the suit
US Senators Unveil New Crypto Bill — Experts Call It the ‘Most Direct Attack’ on Personal Freedom and Privacy of Crypto Users
16.12.2022
Two U.S. senators, including Elizabeth Warren, have introduced a bipartisan bill for the regulation of cryptocurrency. The bill, titled “Digital Asset Anti-Money Laundering Act,” is “the most direct attack on the personal freedom and privacy of cryptocurrency users and developers...
Dutch central bank says KuCoin is not licensed and 'illegally offering services'
15.12.2022
"This may increase the risk of customers becoming involved in money laundering or terrorist financing," said De Nederlandsche Bank
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
15.12.2022
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Senator Warren Takes Aim at 'Rogue Nations' Using Crypto for Terrorism and Sanction Evasion
15.12.2022
Senator Elizabeth Warren has put forward a bipartisan bill that aims to crack down on money laundering loopholes in the crypto industry.
According to a Wednesday report by CNN, Warren, a Massachusetts Democrat, is teaming up with Republican Senator Roger Marshall of Kansas to introduce the...
G20 Governments Working Together to Develop a Unified Cryptocurrency Policy
15.12.2022
The G20 countries plan to create a policy consensus on cryptocurrencies in a bid to better regulate the asset class.
On Wednesday, India’s federal economic affairs secretary Ajay Seth said the G20 countries will study the implications of cryptocurrencies for the economy, monetary policy, and...
FCA’s incoming chair calls for further crypto regulation
15.12.2022
The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
15.12.2022
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets
Crypto Markets Today: US Regulation Heats Up; Bitcoin Rises, Then Falls
14.12.2022
Top cryptocurrencies lost earlier gains after the Federal Reserve signals interest rates to keep rising well into 2023. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept
14.12.2022
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
Here is why Bitcoin price gave back all its intraday gains
14.12.2022
BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
14.12.2022
"Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped," said Senator Pat T
Today in Crypto: Tether to Reduce Secured Loans in Reserves to Zero, Compound DAO Sued, Australia Modernizing Its Financial System
14.12.2022
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: Tether to Reduce Secured Loans in Reserves to Zero, Compound DAO Sued, Australia Modernizing Its Financial...
Russia Cracking Down on Crypto Miners Minting in Residential Areas
14.12.2022
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto...