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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...
New Zealand parliamentary report advises against hasty crypto regulation
18.8.2023
An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively
Bobby Zagotta, US CEO of Bitstamp, on US Crypto Regulation, The Banking Crisis, and Web3 Innovation | Ep. 257
18.8.2023
In an exclusive interview with cryptonews.com, Bobby Zagotta, US CEO & Chief Commercial Officer at Bitstamp, talks about 2023 market movements, Web3 innovation, navigating regulation, and the banking crisis. ...
Read More: Bobby Zagotta, US CEO of Bitstamp, on US Crypto Regulation, The Banking...
Coinbase-Funded Tornado Cash Lawsuit Against Treasury Department Ends In Defeat
18.8.2023
A federal judge in Texas has ruled in favor of the United States Department of the Treasury, delivering a blow to a group of crypto investors and developers who filed a lawsuit to revoke the sanctions placed on Tornado Cash, a cryptocurrency mixing service designed to enhance transaction...
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...
The FIT Act Is the Most Comprehensive Crypto Regulation Ever Voted on by Congress
16.8.2023
Former SEC Official Anticipates Exponential Shifts in Crypto Regulations After Election Day
16.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has outlined potential changes in the U.S. and at the SEC that could have positive impacts on the crypto industry, including the approval of spot bitcoin exchange-traded funds (ETFs). The changes could include...
Senator Lummis files Amicus Brief supporting Coinbase's dismissal motion against SEC
12.8.2023
Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto
Senator Lummis files amicus brief supporting Coinbase’s dismissal motion against SEC
12.8.2023
Senator Cynthia Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto
Worldcoin Extends WLD Reservation Access to Unverified Users
11.8.2023
The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.
The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart...
What in the World Is Going on With Crypto Regulation?
10.8.2023
Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need...
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...