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US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
2.3.2023
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options...
France on the verge of passing stringent crypto firm licensing laws
1.3.2023
The bill was passed with a vote of 109 in favor and 71 against and will now rely on the approval of president Emmanuel Macron to be signed into law
US State Regulator Launches Crypto Scam Tracker
21.2.2023
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker...
'Unworkable' bill to ban blockchain immutability is introduced in Illinois
20.2.2023
Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following...
IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...
Crypto Protection Firm Coincover Raises $30M
9.2.2023
Silicon Valley investment firm Foundation Capital led the funding round
Report: Korean Regulator Approves Issuance and Distribution of Security Tokens
7.2.2023
South Korea’s Financial Services Commission (FSC) has reportedly said that Korean investors will soon be able to easily invest and trade security tokens or fractionalized assets. According to the FSC’s Lee Su-young, security token investors are expected to get the same protection that...
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’
5.2.2023
The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypto assets.” The Anthony Norman Albanese-led government also said it...
Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams
3.2.2023
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
31.1.2023
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately...
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
25.1.2023
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what...
New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning
25.1.2023
Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer...
Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon
25.1.2023
You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly...
Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy
24.1.2023
A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today....
NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry
23.1.2023
On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer...
Privacy Is a Human Right – and the 118th Congress Must Defend It
23.1.2023
U.S. lawmakers must prevent the further erosion of our privacy rights by defending our right to use privacy-preserving tech and passing laws against unreasonable and constant digital surveillance
Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi
22.1.2023
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some...
Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection
20.1.2023
Genesis, along with its 2 subsidiaries, filed for Chapter 11 bankruptcy protection last Thursday following the collapse of FTX and Three Arrows Capital. The application has been filed by Genesis Global Holdco, Genesis Asia Pacific Pte, and Genesis Global Capital, seeking a joint administration...