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EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine
26.6.2024
The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing...
ECB Publishes Digital Euro’s First Progress Report
26.6.2024
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level...
US politicians who may be spinning the news with crypto
25.6.2024
Donald Trump seems to have doubled down on digital assets after he was convicted of 34 felony counts in New York
Ex-fintech CEO sentenced to 3.75 years over price manipulation scheme
25.6.2024
A federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines
Cathie Wood’s vote is cementing Trump as a ‘pro-innovation’ crypto-friendly candidate
25.6.2024
Trump’s potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption
The Two-Class System of Regulation Plaguing Europe
25.6.2024
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the largest government body that has done so through...
Crypto Industry Future: Insights From Marathon Digital’s CEO on Trump and Biden
25.6.2024
Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However...
Chief author behind President Biden’s crypto EO rejoins administration
24.6.2024
Carole House left her position as a crypto adviser at the New York State Department of Financial Services to rejoin the White House in an election year
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities
23.6.2024
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into...
US Government to Report Seized Crypto as ‘Nonmonetary Property’
23.6.2024
The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies...
Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings
23.6.2024
Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler...
Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt
23.6.2024
Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed...
Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions
22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...
Hong Kong invites global opinions on web3 and virtual assets future
22.6.2024
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks
Is Biden shifting strategy on digital assets ahead of a Trump debate?
21.6.2024
Though Donald Trump began accepting Bitcoin for his 2024 campaign, he often criticized cryptocurrencies while in office
FCA busts suspects in a $1.2B illegal crypto asset business
21.6.2024
FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency's efforts to combat financial crime
Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations
21.6.2024
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced...
Judge in SEC v. Kraken case suggests he will deny motion to dismiss
21.6.2024
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities
Winklevoss twins pledge $2M for Trump, claiming Biden waged war on crypto
20.6.2024
Tyler Winklevoss claimed that anyone who disagreed that Donald Trump was the pro-crypto choice for U.S. President was “delusional.”
Report Claims Jump Trading Under CFTC Probe for Crypto Activities
20.6.2024
The Commodity Futures Trading Commission (CFTC) has initiated an inquiry into the cryptocurrency activities of Chicago-based Jump Trading, according to a report by Fortune’s Leo Schwartz. This investigation forms part of a larger regulatory review, though it does not suggest any wrongdoing...