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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...
South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million
28.8.2023
South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September.
The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...
PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit
28.8.2023
Speaking at the B20 Summit India 2023, organized by CII, Prime Minister Narendra Modi emphasized the need for a worldwide framework for cryptocurrencies and the ethical implementation of artificial intelligence (AI).
Modi, addressing the summit, which took place from August 25–27 in New Delhi...
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
28.8.2023
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”...
Crypto builders should 'give up' serving US customers for 5 to 10 years — dYdX founder
26.8.2023
The founder of dYdZX argued that early-stage crypto projects can scale faster by ignoring U.S. customers, as they won't have to deal with the hassles of the U.S. regulatory climate
Is the SEC a bad cop? CoinRoutes CEO Dave Weisberger breaks down crypto regulation in the US
24.8.2023
Weisberger believes the structure of the Securities and Exchange Commission needs to change but that politicians are reluctant to do so because of their power within the current state of affairs
Bitstamp Halts ETH Staking for US Customers Amid Regulatory Uncertainty
24.8.2023
In a move fueled by increasing regulatory uncertainty in the United States, global cryptocurrency exchange Bitstamp has announced to terminate Ethereum staking service for US users.
The exchange has set September 25 as the deadline for users to earn rewards on their staked assets, after which...
New Zealand is ‘Cautious’ on Crypto While Singapore Takes Proactive Approach to Regulate Stablecoins
24.8.2023
Stakeholders in New Zealand are advocating for a gradual and meticulous strategy in regulating the crypto industry in the country. On the other hand, Singapore is embracing a proactive and comprehensive regulatory stance toward stablecoins....
Read More: New Zealand is ‘Cautious’ on Crypto While...
Israeli Business Tycoon Moshe Hogeg Accused of $290 Million Crypto Scam Following Two-Year Probe
23.8.2023
Business tycoon and former owner of Beitar Jerusalem FC, Moshe Hogeg, has been accused by the Israeli police of orchestrating a $290 million crypto scam.
According to the authorities, Hogeg raised a staggering $290 million from investors both in Israel and internationally through four...
Crypto Derivatives Exchange Bitget Makes KYC Necessary for New Users
21.8.2023
Cryptocurrency derivatives exchange Bitget announced revised Know Your Customer (KYC) requirements to ensure compliance with global regulatory standards.
The move comes as the crypto exchange aims to align its operations with recommendations from international regulatory bodies and to provide...