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Crypto firms have already breached new UK promo rules 221 times, says FCA
26.10.2023
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too
Rug Pulls Account For Majority of Scams as Q3 2023 Exploits Wipe Out $720 Million
25.10.2023
The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors. A new report by blockchain security firm Hacken shows a quarter-to-quarter increase in hacks and money drained...
UK Regulator Warns Crypto Firms of 'Hard to Read' Risk Warnings
25.10.2023
The Financial Conduct Authority has blocked Binance's chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct.8
NY sues crypto firms, FTX’s Nishad faces 75 years in jail, and Grayscale’s new BTC filing: Hodler’s Digest, Oct. 15-21
21.10.2023
Nishad Singh testifies in Sam Bankman-Fried’s trial; New York sues Gemini, Genesis and Digital Currency Group; and Grayscale files for new spot Bitcoin ETF
Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms
19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...
Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the ‘Major Questions’ Doctrine During Legal Imbroglios
17.10.2023
Binance, Coinbase and Ripple are just some of the firms that have tried to apply an ill-defined legal doctrine meant to curb overzealous regulators
EU Regulator Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes
17.10.2023
The European Securities and Markets Authority doesn’t want foreign companies operating via EU “letterbox” entities
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...
Israeli Crypto Firms Scramble to Deal With War, in Between the Sirens
10.10.2023
Few operational disruptions were reported, but some crypto employees were getting called up for reserve duty. Executives and developers coped with the stress of attending funerals, responding to security warnings and encountering supermarket shortages
Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold is Now a Payment Method
10.10.2023
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: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold...
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
Israel War Prompts Crypto Firms Including Fireblocks, MarketAcross to Start Aid Fund
9.10.2023
The organization will host a multi-signature wallet to collect donations in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC
Estonian Crypto Firms Engage in ‘Massive-Scale’ Fraud and Aid Russia Evade Sanctions: Report
6.10.2023
Estonia has been one of the early receivers of cryptocurrency licenses in the EU, but it did not save the Baltic nation from falling victim to ‘massive-scale’ crypto-related fraud and scams, an investigation report from international journalists revealed....
Read More: Estonian Crypto Firms Engage...
Dutch Crypto Firms Secure Partial Legal Victory Against Regulatory Fees
5.10.2023
Crypto firms in the Netherlands, including Bitvavo and Coinmerce, have achieved a partial victory in their legal battle against fees totaling $2.3 million imposed by Dutch regulators. They argued that these fees were excessive and discriminatory....
Read More: Dutch Crypto Firms Secure Partial...
Why Some Crypto Firms Are Suspending Services in the U.K.
4.10.2023
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect
UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
2.10.2023
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told
Lazarus Group’s New Malware is Harder To Detect, Cyber Security Firm Warns Crypto Firms
2.10.2023
Cyber security experts at ESET have warned firms of the threat posed by the Lazarus Group’s new malware “LightlessCan” saying it is more difficult to detect than previous versions.
According to the firm, the malware is mostly deployed in employment scams luring users to install a malicious payload...
Crypto firms beware: Lazarus’ new malware can now bypass detection
2.10.2023
The malware payload “LightlessCan" — used in fake job scams — is far more challenging to detect than its predecessor, warns cybersecurity researchers at ESET
Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto
1.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda...
Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push
26.9.2023
Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”
According to a press release, nine...