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Thai SEC bans the use of customer crypto assets for lending and investment
3.7.2023
Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy
European Banks to Disclose Exposure to Crypto Assets
29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...
New York bans CoinEx exchange, seizes $1.7M in crypto assets
15.6.2023
CoinEx was shut down for failing to register as a broker-dealer and for "falsely representing itself as a crypto exchange," the NYAG said
Bitcoin Dominance Soars to 47.5%: Highest Level in a Year as Other Crypto Assets Suffer
11.6.2023
On June 10, 2023, bitcoin is dominating with a market capitalization dominance of 47.5%, marking its highest level since this time last year, according to coinmarketcap.com. Meanwhile, ethereum’s dominance is holding steady at 20%, indicating that the recent dominance gains made by these...
Korean Prosecutors Target Terra Founder Do Kwon's Crypto Assets Amid Multi-Country Legal Issues
8.6.2023
Korean prosecutors are targeting the cryptocurrency assets of Do Kwon, the founder of failed blockchain project Terra.
Kwon allegedly funneled tens of millions of dollars out of Luna Foundation Guard (LFG), which he set up to help defend his now-defunct stablecoin TerraUSD's peg to...
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
7.6.2023
Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files...
Crypto Assets Should Be Classified as Securities, Says European Parliament Study
2.6.2023
A study commissioned by the European Parliament has proposed that all crypto assets should be treated as transferable securities by default.
To avoid being classified as a security, the study’s authors proposed that the intermediary behind a crypto asset can get an exemption from a national...
Markets in Crypto-Assets (MiCA) Framework Signed into Law by EU Officials
1.6.2023
The European Union’s new Markets in Crypto-Assets (MiCA) rules were on Wednesday signed into law by European officials.
The signing into law of the new and comprehensive regulatory framework for crypto was done by European Parliament President Roberta Metsola and Swedish Rural Affairs Minister...
EU officials sign Markets in Crypto Assets framework into law
31.5.2023
First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states
Crypto Tax Forum: The 1st crypto assets taxation conference
29.5.2023
Join us at @O2K’s Crypto Tax Forum, the world’s first conference exclusively focused on crypto asset taxation. Designed for professionals by professionals, this event aims to address the most pressing issues related to crypto taxation. We are bringing together experts from...
Crypto-Assets Impact on Traditional Markets Is Small, but Can Pose Systemic Risk: EU Watchdog
25.5.2023
Europe’s financial overseer does not seem overly concerned about cryptocurrencies’ impact on the financial system, but still said regulators should monitor risks in case.
The European Systemic Risk Board released a report on Thursday titled “Crypto-assets and decentralised finance- systemic...
Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets
24.5.2023
A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee....
Report: North Korea Affiliated Cybercriminals Stole $721 Milion Worth Crypto Assets From Japan
18.5.2023
Between 2017 and 2022, hacking groups affiliated with North Korea are thought to have stolen crypto assets worth $721 million from Japan alone. According to the findings of a study by Elliptic, hackers were primarily focused on Japan and Vietnam because operators from the two countries had...
Kaspersky Uncovers Counterfeit Trezor Wallets That Jeopardize Crypto Assets With Pre-Knowledge of Private Key
17.5.2023
Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds website.”...
EU Council approves MiCA for clear crypto regulation
16.5.2023
European Union Council finance ministers vote to adopt the continent’s Markets in Crypto-Assets legislation following unanimous approval of new legal frameworks
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
15.5.2023
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets
S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics
10.5.2023
The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
10.5.2023
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external...
Estate and Legacy Planning for Crypto Assets
4.5.2023
Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner's death. Proper planning can ensure that digital assets are successfully...
Alchemy Pay: Bridging the Global Economies of Fiat and Cryptocurrencies
26.4.2023
On April 20th, The European Parliament approved the first comprehensive crypto regulation EU-wide, the Markets in Crypto-Assets (MiCA). In the same day, a separate law, the Transfer of Funds regulation, was passed, requiring crypto operators to confirm the identity of their customers in order...