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New York Shrinks List of Pre-Approved Crypto — DOGE, XRP Among Coins Removed
20.9.2023
New York’s financial regulator has significantly reduced the number of pre-approved cryptocurrencies that licensed crypto trading platforms can list. XRP, dogecoin, litecoin, and ethereum classic are among the coins removed from the Greenlist. The regulator also proposed new crypto guidance...
Solana Co-Founder Urges the US to Not Wait for “Perfect” Crypto Regulations
19.9.2023
Anatoly Yakovenko, co-founder of Solana and the CEO of Solana Labs, stressed the importance of the US government’s crypto bipartisan bill passed in July. However, he noted that the government shouldn’t wait for “perfect” legislation to move forward in regulations.
“The bills aren’t perfect....
Hong Kong’s Chief Executive Calls for Tighter Crypto Regulations Citing JPEX Saga
19.9.2023
Hong Kong’s Chief Executive John Lee called for tighter regulations on crypto trading citing the recent alleged rugpull by the unlicensed crypto exchange JPEX.
Addressing a press conference, John Lee said that the JPEX saga highlights the need for tighter crypto regulations. ...
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Taiwan Calls El Salvador Authorities to Establish Virtual Assets Bureau For Enhanced Crypto Regulations
18.9.2023
Taiwan’s Crypto Association has established talks with the El Salvador authorities – the Central Bank, the Virtual Assets Bureau, and the Presidential Palace – calling for enhanced crypto regulations.
According to a Wu Blockchain report, Taiwan regulators have communicated with El Salvador’s...
Ethereum Co-Founder Insists ETH Is a Commodity Amid SEC Crackdown on Crypto Securities
18.9.2023
Ethereum co-founder Joseph Lubin says he stands by his conviction that ether is a commodity despite the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, trying to assert authority over all crypto tokens, except bitcoin. “I anticipate that, with previous...
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
18.9.2023
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year
Hong Kong’s Friendly Crypto Policies ‘Very Stable,’ Legislator Assures Vitalik Buterin
18.9.2023
A Hong Kong Legislative Council member has assured Ethereum co-founder Vitalik Buterin that the friendly cryptocurrency policies in Hong Kong are “very stable.” In response to Buterin’s comments expressing his unfamiliarity with Hong Kong and its “complicated...
Crypto Community Skeptical of Blackrock’s XRP Pivot Rumors
18.9.2023
Many crypto proponents have warned that despite a small connection between Blackrock and XRP, the news of the world’s largest asset manager shifting focus from bitcoin to XRP is fake. Blackrock is currently waiting for the U.S. Securities and Exchange Commission (SEC) to greenlight its spot...
Senator Elizabeth Warren’s Crypto Bill Gains Support Among US Lawmakers
18.9.2023
Nine U.S. lawmakers have thrown their support behind the Digital Asset Anti-Money Laundering Act, recently reintroduced in Congress by Senators Elizabeth Warren, Roger Marshall, Joe Manchin, and Lindsey Graham. Experts have warned that this crypto bill is the most direct attack on the privacy...
Indian Crypto Exchanges Expect Clear Regulations Following G20 Declaration
15.9.2023
The recent push by G20 members to establish a global framework to regulate crypto has sent a wave of optimism among Indian crypto firms and investors.
India’s intention to work with global consensus on regulating the crypto industry has come as good news for domestic crypto exchanges, which have...
Hong Kong Lawmaker Addresses Vitalik Buterin’s Concerns on City's Crypto-Friendliness
15.9.2023
Hong Kong legislator Johnny Ng has extended an invitation to Buterin to gain a firsthand understanding of the region's regulatory environment and crypto-related strategies after the Ethereum co-founder questioned the city's crypto-friendliness.
Ng asserted that Hong Kong boasts a stable policy...
Binance US Loses Key Executives as Regulatory Issues Intensify – Here's the Latest
14.9.2023
Binance US, the American subsidiary of the well-known cryptocurrency exchange, is experiencing a series of high-profile departures.
Today, Sidney Majalya, the Chief Risk Officer, and Krishna Juvvadi, the head of legal, resigned according to a report by Wall Street Journal. Their exits followed...
IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request
9.9.2023
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...
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.”...
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
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...
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
Indian supreme court raps Union government on crypto rules delay: report
28.7.2023
The Supreme Court bench asked the union government to file a report on whether they are capable of setting up a federal agency to investigate crypto-related crimes
Crypto regulations take center stage during India’s G20 Presidency
19.7.2023
India is hosting the G20 summit this year, and there is a lot on the list of agendas. The one to recently grab everyone’s attention is cryptocurrencies. There is a possibility that a lot of decisions will be taken, or at least hints will be spilled, by the time the summit concludes. India, for...
G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...