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CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown
8.9.2023
The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading.
According to an official statement released on Thursday, these...
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
7.9.2023
The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC)
FASB Approves New Accounting Standards for Crypto Holdings
7.9.2023
The Financial Accounting Standards Board (FASB) in the United States has given unanimous approval to new accounting standards for disclosure of cryptocurrency holdings.
The FASB, a non-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC), introduced these rules...
Singapore Tops List of Crypto-Friendly Investment Migration Destinations
6.9.2023
Singapore has emerged as the most preferred destination for crypto millionaires seeking secure and tax-friendly havens to protect their digital assets, according to the recently released Crypto Adoption Index by Henley & Partners.
With a perfect score of 10 out of 10 in the tax-friendliness...
G20 Nations Actively Discussing Crypto Framework, Says Indian Finance Minister
6.9.2023
The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework...
India's Finance Minister Says Discussions Underway on Global Framework to Regulate Crypto Ahead of G20 Summit
5.9.2023
India’s Finance Minister Nirmala Sitharaman confirmed that discussions are underway on global crypto regulations ahead of the G20 summit.
India is all set to chair the upcoming G20 meeting between world’s most powerful countries later this week where crypto regulations is going to be one of...
Singapore's New President Has a History of Disapproving Crypto
5.9.2023
Singapore's newly elected president, Tharman Shanmugaratnam, had once called crypto “inherently purely speculative and slightly crazy”.
With 70.4% of the vote, Shanmugaratnam has become Singapore's 9th president, succeeding Halimah Yacob, the country's first female head of state.
However, to...
Inside India's Crypto Landscape: WazirX's Menon Explores Global Regulations
4.9.2023
In a recent captivating conversation with Rajagopal Menon, Vice President of WazirX, we ventured into the intricate world of crypto regulation both on Indian soil and in the global arena.
As Prime Minister Modi's clarion call for unified international crypto regulations reverberated at the...
FTX-Linked Wallet Moves $10 Million in Altcoins Ahead of Bankruptcy Hearing
4.9.2023
Bankrupt crypto exchange FTX’s Solana wallet has moved $10 million in altocoins to Ethereum network through the Wormhole bridge in the last 4 days, sparking fears of more token dumps in the market.
In a filing submitted the previous month, FTX debtors proposed a structured approach to crypto...
US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’
4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...
Crypto Regulation: Binance Australia's General Manager Ben Rose Provides Perspective on Digital Asset Laws
2.9.2023
During an interview at the Intersekt Fintech conference in Melbourne, Australia, on August 31, Ben Rose, General Manager of Binance Australia, expressed strong confidence in the ability of Australian regulators to make informed decisions regarding digital asset regulations in the country.
Rose's...
French Data Watchdog Conducts 'Inspections' at Worldcoin's Office in Paris
1.9.2023
France's data watchdog, CNIL, made an unannounced visit to the office of Worldcoin in Paris this week, intensifying the scrutiny surrounding the cryptocurrency project's controversial privacy practices.
The surprise inspection took place at Worldcoin's Orb center, a facility where individuals'...
Crypto Exchange OKX Looks to Expand into India
1.9.2023
Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment.
In an interview with CoinDesk, OKX’s chief marketing officer confirmed that the exchange is planning to foray into India’s web3 space and recruit local staff.
The crypto exchange...
Binance Australia GM ‘really confident’ regulators will side with crypto
1.9.2023
Ben Rose is hopeful that Binance Australia’s banking woes will be relieved by positive regulation in the future
Biden’s Regulators Urged to Work With Congress on Crypto Regulation
1.9.2023
A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s...
Japanese Regulators Greenlight EOS Token Trading, Enabling Pairing with Japanese Yen
30.8.2023
The EOS Network has secured whitelist approval from Japan's crypto regulator allowing EOS token to be traded against the Japanese yen on the regulated crypto exchanges of Japan.
The EOS network announced in a blog post that the trading opportunity is slated to become operational in September,...
US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling
30.8.2023
US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday.
Reacting to the ruling on Grayscale lawsuit, Congressman Davidson wrote that Grayscale’s victory provides more evidence...
Swiss Bank SEBA Gets in-principle Approval From Hong Kong Regulators to Offer Crypto Services
30.8.2023
Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.
The AIP signals a pivotal moment for SEBA Hong Kong, the bank's...
SEC Commissioners Dissent Against Agency's First NFT Enforcement Action
29.8.2023
In a display of dissent within the United States Securities and Exchange Commission (SEC), Commissioners Hester Peirce and Mark T. Uyeda have expressed their reservations regarding the agency's first NFT enforcement action against the media firm Impact Theory.
The move marks the SEC's first foray...
Republican Lawmakers Accuse Fed of Obstructing Advancements on Stablecoin Bill
29.8.2023
A group of Republican lawmakers have expressed their concerns regarding the Federal Reserve's recent measures aimed at strengthening its oversight of crypto and stablecoin activities within banks.
These lawmakers have complained that such actions are hindering the advancement of their proposed...