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SEC Gives Broker-Dealers Room to Handle Crypto Securities
23.12.2020
The SEC's broker-dealer guidance was generally welcomed as a step in the right direction by industry players
A storm is brewing between state regulators and the OCC over fintech licensing
23.12.2020
A major network of state banking regulators is renewing its attack on the OCC's moves to register non-depository institutions
Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested
23.12.2020
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest...
Ethereum Developer Virgil Griffith Will Likely Face Trial Next September
23.12.2020
Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions, after a Tuesday hearing where a federal judge clarified what's being argued
Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple
23.12.2020
The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers
Notorious crypto figures arrested in 2020
23.12.2020
Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators
SEC unveils $1.3B suit against Ripple over XRP
22.12.2020
The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013
OKCoin says crypto industry lacks means to comply with new US Treasury proposal
22.12.2020
If passed, the United States’ crypto wallet proposal would create significant hassles for digital asset exchanges
SEC to Sue Ripple Over XRP Cryptocurrency — CEO Insists XRP Is Not a Security
22.12.2020
The U.S. Securities and Exchange Commission (SEC) is set to bring a lawsuit against Ripple over the XRP cryptocurrency which it considers a security, according to Ripple CEO Brad Garlinghouse. Insisting that XRP is not a security, he calls the SEC’s lawsuit an attack on cryptocurrency that...
Huobi plans return to the US after ceasing operations in 2019
22.12.2020
Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019
Sierra Club leads lawsuit against NY town to prevent expanding Bitcoin mining operations
21.12.2020
The lawsuit alleges Greenidge circumvented state laws by seeking regulatory approval "through two separate but interdependent approval applications."
Australia's crypto ecosystem 2020: The spark for a DeFi explosion
20.12.2020
The Australian crypto ecosystem has flourished despite the pandemic, with a booming DeFi sector, a five year blockchain roadmap and the embrace of the technology by banks and the finance sector
US Treasury Unveils Stifling Crypto Wallet Regulation — Experts Break Down the Rules
19.12.2020
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do,...
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins
19.12.2020
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into...
US Senator-elect rails against potential crypto wallet ruling
18.12.2020
Rumored upcoming crypto wallet regulation gains further opposition, this time from Cynthia Lummis, a recently elected Wyoming senator
Law Decoded: Crypto on the rise, Big Tech on notice, Dec. 11–18
18.12.2020
The crypto industry is ending 2020 on a high note, while major social media platforms face a phalanx of lawmakers and lawsuits
Crypto is at 'a fork in the road,' OCC leader Brooks says
18.12.2020
Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency, said crypto regulation could either focus on safety for participants or could undo all progress
The threats to DeFi’s sustainability — and how to fix them
18.12.2020
With insane interest rates and yield farmers endlessly jumping from one protocol to another, fears are growing that DeFi isn’t sustainable — and change is needed
Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison
18.12.2020
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice...
Hong Kong Grants First License to Cryptocurrency Trading Platform
18.12.2020
Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin. Hong Kong Gives Out First Crypto...