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U.S. Financial Services Committee to Discuss “Illicit Activity in Digital Assets” at Wednesday Hearing

13.11.2023
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory...

Spanish Securities Regulator Hints at Probing X for Hosting Crypto Ads For Unlicensed Organizations

13.11.2023
The Spanish securities regulator has recently hinted at investigating and sanctioning X (formerly known as Twitter) for allowing unlicensed providers to post crypto ads. According to Spanish law, social networks and other service providers must verify that ad campaigns come from authorized...

What is Gresham’s law, and how does it relate to cryptocurrencies?

13.11.2023
Gresham’s law suggests “bad money drives out good,” making people hoard cryptocurrencies using traditional currencies for daily transactions

FTX files billion-dollar lawsuit against ByBit over asset withdrawals

12.11.2023
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform

Indian Supreme court rejects crypto petition, highlights legislative nature

11.11.2023
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature

Genesis seeks court's approval to reduce 3AC claim from $1B to $33M

10.11.2023
Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC

SEC Chair Gensler: Anybody Wanting to Be in Crypto Must ‘Do It Within the Law’

10.11.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that anyone wanting to be in crypto must “do it within the law.” He advised crypto trading platforms to “Build the trust of investors” in what they are doing, cautioning that they must ensure they...

EU backs Data Act with clause to shut off smart contracts

10.11.2023
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law

U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain

9.11.2023
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether

India Trains Around 3,000 Officials in Cryptocurrency Forensics and Investigation

9.11.2023
Source: Pexels India offered officials from various cybercrime and police departments training in cryptocurrency forensics and investigation during the financial year 2022–2023. According to the Ministry of Home Affairs (MHA)’s annual report, the training is aimed to equip law enforcement...

Binance Arguments to Dismiss Lawsuit Lack Merit, SEC Argues In New Filing

9.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) has opposed Binance’s arguments to dismiss the lawsuit adding that the motion has no real basis under law. In a Nov 8 court filing, the securities regulator claims the defendants applied the law incorrectly in an attempt...

US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert

9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...

Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC

9.11.2023
The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law

Crypto-based Streaming Site Odysee a “Haven” for Extremists, Southern Poverty Law Center Claims

8.11.2023
The blockchain based video-streaming site, Odysee, finds itself in hot water this morning following a detailed report by the Southern Poverty Law Commission that claimed the website is a hub for “hate groups and extremists.” A “Haven” for Extremism In the Southern Poverty Law Center’s...

‘Premier’ crypto cop CFTC reveals record-setting digital asset enforcement in 2023

8.11.2023
The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto

Kazakhstan Confirms Official Block of Coinbase Website Amid Ongoing Restrictions

7.11.2023
Source: Iliya Mitskavets/Adobe The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country, citing violations of the country’s new digital assets law. According to a report from November 7 by...

Coinbase Website Blocked in Kazakhstan Amidst Crypto Securities Law Enforcement

7.11.2023
Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly “violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of Kazakhstan.” Essentially, the clause is a policy on the issuance and sale...