Search
S Korean Regulators Draft New Crypto Laws – to Prevent More FTX and Terra ‘Incidents’
22.11.2022
Financial regulators in South Korea want to impose a raft of new crypto-related laws – in a direct response to the collapse of the FTX crypto exchange and the implosion of Terra ecosystem coins in May.
Thus far, most South Korean crypto exchanges have been left relatively unscathed by the...
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy
18.11.2022
U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive regulation in the digital asset space.” Senator Lummis Explains...
US national crypto laws should look like New York's, says state regulator
16.11.2022
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation
Circle CEO Calls for Clear US Laws on Stablecoins to 'Unleash' Their Potential
16.11.2022
Circle CEO and founder Jeremy Allaire wrote to prominent financial services lawmakers in the U.S., calling for workable, clear legislation on stablecoins and warning of the risks to the country of not doing so
FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators
16.11.2022
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed...
The State of Crypto Taxation in India: Past, Present and Future
14.11.2022
Even though the legality of crypto in India is still a matter of debate, new crypto tax laws are already affecting businesses and individuals
FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing
13.11.2022
The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptcy protection filing. The CEO insisted that her firm does not hold customer funds and is presently...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
US Lawmakers Accuse Gary Gensler of ‘Hypocritical Mismanagement of SEC’ — Say the Chairman ‘Refuses to Practice What He Preaches’
4.11.2022
Four congressmen have accused the U.S. Securities and Exchange Commission (SEC) under Chairman Gary Gensler of “regulatory hypocrisy and inconsistency.” They added: “While the SEC is failing to comply with federal transparency and record-keeping laws, the SEC is aggressively...
Canada to examine crypto, stablecoins, and CBDCs in new budget
4.11.2022
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation
ASIC's Longo pledges action against certain ‘high-risk’ crypto products
3.11.2022
The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base
Coinbase seeks to join Ripple’s legal fight against the SEC
1.11.2022
Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC
'Secretly circulating' draft crypto bill could be a ‘boon’ to DeFi
20.10.2022
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”
UK Law Commission expects 'substantial impact' from digital asset law review
19.10.2022
Legal jurisdictional issues relating to cryptocurrencies and digital assets have necessitated a law reform project sponsored by the Ministry of Justice
Japanese regulators loosen crypto laws and make it easier to list coins
19.10.2022
The Japan Virtual and Crypto Assets Exchange Association says it plans to make it easier for authorized exchanges to list digital currencies by loosening the screening process
How Crypto Might Shake Up England’s Ancient Property Laws
19.10.2022
The Law Commission of England and Wales is exploring how digital assets should be treated under existing and new legislation, and its suggestions may upend centuries-old legal norms
Prosecutors argue 'insider trading' claim in the OpenSea case is accurate
19.10.2022
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.”
UK Law Commission to review international laws on crypto to consider legal reforms
18.10.2022
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
11.10.2022
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations
7.10.2022
PRESS RELEASE. In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in Europe, has taken the initiative to assist businesses in navigating these new regulations. According...