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The EU’s Leaked Metaverse Strategy Proposes Global Regulatory Governance Rules
6.7.2023
The race to build the perfect virtual ecosystem, popularly termed the metaverse is taking shape with huge technology-driven companies at the fore.
However, regulators within the European Union (EU) have warned of a possible monopoly at the detriment of smaller companies that can lead to...
CFTC Finds Celsius Network and Its Ex-CEO Guilty of Breaking Rules
6.7.2023
Commodity Futures Trading Commission (CFTC) investigators have ruled that crypto lender Celsius Network and its former CEO Alex Mashinsky violated US rules before the company collapsed.
The findings suggest that Celsius misled investors and failed to register with the CFTC, Bloomberg reported...
Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg
6.7.2023
CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings
Circle Considers Issuing Stablecoin in Japan Under New Rules
6.7.2023
The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework
Celsius founder Alex Mashinsky broke US rules, say CFTC investigators: Report
6.7.2023
If the majority of CFTC commissioners agree with that conclusion, it could file a case in federal court
New Official Pokémon Forums Are A Disaster You Can’t Look Away From
5.7.2023
The Pokémon Company has launched official forums on its website. While it seems only natural to have an official place for your community to gather, I am praying for the moderation team’s good health because they have their work cut out for them.Read more
U.K. Blazes Trail With New Cryptocurrency Rules
5.7.2023
The FCA’s regulations provide greater legal clarity for developers but place additional compliance burdens on companies marketing cryptocurrencies, says Preston Byrne, a partner at Brown Rudnick
Mark Cuban Says SEC Makes Mistakes in Crypto Regulation, Calls Regulator ‘Arrogant’
5.7.2023
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has slammed the U.S. Securities and Exchange Commission (SEC) for taking a wrong approach to regulating the crypto industry. “The SEC is not infallible. It makes mistakes,” the billionaire stressed, adding that if the SEC...
Singapore Implements New Crypto Regulations Targeting Custody, Lending, Staking
4.7.2023
Singapore has implemented new regulations for crypto service providers in a bid to enhance investor protection and maintain market integrity within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) will also restrict lending and staking activities facilitated by crypto service...
European Banks to Disclose Exposure to Crypto Assets
29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...
UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law
29.6.2023
The Financial Services and Markets Act 2023 classifies crypto as a regulated financial activity
Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets
29.6.2023
Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to comply with EU regulations. Binance to Continue...
EU finalizes controversial smart contract kill switch rules under Data Act
28.6.2023
The Data Act was first proposed in early 2022 and passed by the European parliament on March 14
EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators
28.6.2023
Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry
Roblox Trying To Describe Adult Poop Is Very Funny
28.6.2023
Roblox, for so very long a platform of games (I’m sorry, experiences) aimed at and played by kids, is trying to expand its offerings now that many of those kids are growing up into young adults. In doing so, though, they’re running into some problems.Read more
EU Seals Deal on Crypto Bank-Capital Rules
27.6.2023
Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system
Crypto Companies in Japan Get Tax Relief Under Revised Rules
26.6.2023
The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan...
South Korean Court Rules That Bitcoin ‘Is Not Money’ – And Crypto’s Not Subject to Interest Rate Rules
26.6.2023
A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets.
Per Hanguk Kyungjae, the ruling was made by the Seoul High Court’s Civil Division in a case involving two firms, both of which were unnamed...
Sam Bankman-Fried Can't Subpoena Law Firm Fenwick & West for Documents, U.S. Judge Rules
23.6.2023
The founder of collapsed crypto enterprise FTX had argued legal advice from the Silicon Valley law firm was "at the core" of the government's criminal allegations against him
Binance Unit in Britain Cancels UK Regulatory Authorization
20.6.2023
Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased scrutiny from regulators and ahead of Europe’s...