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Coinbase Must Face Shareholder Lawsuit Over Regulator Risk Concerns, Judge Rules
9.9.2024
A U.S. judge denied in part last week Coinbase's request to dismiss a class action lawsuit from shareholders accusing the exchange of misleading them about its chances of being sued by the U.S. Securities and Exchange Commission
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
9.9.2024
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets....
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
5.9.2024
The FCA approved only four of the 35 applications it received in the year ended March 31
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...
US regulator again delays decision on eco-friendly Bitcoin ETF
4.9.2024
The carbon-offset Bitcoin ETF has been waiting on regulators since December 2023
US regulator again delays decision on eco-friendly Bitcoin ETF
4.9.2024
The carbon-offset Bitcoin ETF has been waiting on regulators since December 2023
Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset
4.9.2024
A change in the regime could result in lower taxes for some crypto investors
Japan’s finance regulator calls for lower crypto taxes in 2025
4.9.2024
Japan's Financial Services Agency has released plans to overhaul the nation's tax code which could see the tax rate for crypto assets lowered in 2025.
Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions
29.8.2024
The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players...
Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform
28.8.2024
The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to...
Hong Kong Regulator Finds 'Unsatisfactory Practices' at Some Crypto Entities Seeking Full License: Report
26.8.2024
Hong Kong's Securities and Futures Commission (SFC) has found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people familiar with the situation
Australian Regulator Wins Against Kraken’s Operator Bit Trade
23.8.2024
Australia’s Federal Court has found Kraken’s local operator, Bit Trade Pty Ltd, in contravention due to crypto regulations…
Brazilian Securities Regulator Greenlights Second Solana Spot ETF
23.8.2024
The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly...
Australia's Securities Regulator Wins Case Against Kraken's Local Operator
23.8.2024
The Federal Court of Australia ruled on Friday that cryptocurrency exchange Kraken's operator in Australia, Bit Trade Pty Ltd, "contravened" with a section of the nation's Corporations Act
Australian regulator claims win over Kraken’s Bit Trade in federal court
23.8.2024
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.
Colombia's Regulator Notifies Worldcoin of Alleged Data Violation
22.8.2024
Worldcoin is currently collecting data of individuals with its Orb device in 25 locations of the Latin American country
615 Crypto Scam Sites Dismantled by Australian Regulator
22.8.2024
The Australian Securities and Investments Commission (ASIC) has shut down more than 7,300 phishing and investment scam websites, including 615 targeting cryptocurrency. The regulator noted that collaboration with other agencies and advanced detection techniques have enabled ASIC to swiftly take...
German Regulator Seizes 13 Crypto ATMS
21.8.2024
The machines were operating without the required BaFin permission and posed money laundering risks, the statement by BaFin said
Abu Dhabi proposes framework for fiat-referenced tokens
21.8.2024
FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the token and can be liquidated with minimum adverse price effect