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US Crypto Firms Migrate to Bermuda Amid Regulatory Concerns
15.5.2023
Crypto companies are increasingly turning away from the US in search of clear digital asset regulations, and some of the major companies are finding a home in Bermuda. Still, some experts warn that this may be a short-term solution as the issues in the land of the free are not getting...
80% Drop in No. of Licensed Estonian Crypto Firms – What’s Caused the Fall?
12.5.2023
There has been an 80% drop in the number of registered crypto firms operating in Estonia, official data has revealed.
Per a release from the government-run Anti-Money Laundering Data Bureau, 389 firms have either had their operating licenses revoked or have asked for their permits to be withdrawn...
Russian Firms ‘Already Doing Business in Crypto’ – And Say They’ve ‘Every Right to Do So’
12.5.2023
A top Russian politician says domestic firms are “already” doing business overseas in crypto – and says they think they are within their legal rights to do so.
The nation’s vehemently anti-crypto Central Bank has recently agreed to the creation of a law that will allow certain firms to trade...
Crypto VCs made $2.6B worth of deals in the first quarter of 2023
12.5.2023
Valuation trends in the report are mixed, with seed rounds up 33.3% and late-stage rounds up 209.2% compared to 2022. Meanwhile, early-stage rounds are down 16.7%
McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?
11.5.2023
The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if they’re ignored...
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
11.5.2023
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
9.5.2023
The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...
Brazil Central Bank CBDC Pilot Snubs Crypto Firms
9.5.2023
The Central Bank of Brazil has effectively blocked crypto firms from taking part in its central bank digital currency (CBDC) pilot.
The bank this month issued a call for interested firms to join the next phase of its pilot.
But while the bank did not explicitly rule out the participation...
Estonia squeezes out 400 crypto firms after new laws
9.5.2023
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans
Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior
8.5.2023
Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line
New York AG's office seeks additional authority over crypto firms
5.5.2023
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud
French Senators Propose Allowing Influencers to Promote Registered Crypto Firms
4.5.2023
The French Senate’s Committee on Economic Affairs has proposed a new law allowing social media influencers to promote cryptocurrency on their platforms.
If approved, the proposal would significantly shift how these influencers market and advertise digital currencies in France.
Surprisingly,...
Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide
3.5.2023
The law on promotions is set to come into effect around four months from now, the finance ministry has said
Allow Influencers to Promote Registered Crypto Firms, French Senators Say
3.5.2023
Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions
Hong Kong regulator requires banks to open accounts for crypto firms
28.4.2023
Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
28.4.2023
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult
Google Cloud broadens Web3 startup program with 11 blockchain firms
25.4.2023
Along with Google, 11 blockchain firms are now part of the Google Web3 startup program to help accelerate startups
France mulls fast-tracking registered crypto firms to new EU rules
25.4.2023
France's financial regulator is weighing up “fast track” options for registered firms so they can be compliant with MiCA rules as soon as possible
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
25.4.2023
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention