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SEC Chair: Crypto Is a Field Rife With Fraud, Abuse, Misconduct — ‘It’s Daunting’
14.9.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the Senate Banking Committee, stating that crypto is “a field which is rife with fraud, abuse, and misconduct.” He also stated that the securities regulator is still reviewing applications for spot bitcoin...
CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
9.9.2023
The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities...
CFTC Commissioner Proposes ‘First-Ever’ US Pilot Program for Crypto Regulation
9.9.2023
A commissioner with the Commodity Futures Trading Commission (CFTC) has proposed the “first-ever” pilot program in the U.S. “to support the development of compliant digital asset markets and tokenization.” The regulator emphasized: “Our principles-based framework...
JPMorgan Expects SEC to Approve Multiple Spot Bitcoin ETFs at Once
7.9.2023
Global investment bank JPMorgan expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot bitcoin exchange-traded funds (ETFs) at once, instead of giving one company the advantage of being the first. The bank’s analyst explained that if the securities regulator wants...
Japan Financial Regulator Moves To End “Paper Profits” Tax On Digital Assets
5.9.2023
Japan’s top financial regulator, the Financial Services Agency (FSA) has proposed key amendments to the nation's tax code relating to profits on digital assets.
According to local news outlets, the Agency’s proposal to change the tax code is in line with several calls by industry executives...
Japanese regulator seeks to scrap “unrealized gains” tax on crypto
5.9.2023
Financial Services Agency has proposed to change the tax code around digital assets in a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto
US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’
4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...
France’s Data Watchdog Conducts Checks at Worldcoin Office in Paris
3.9.2023
The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai....
Kentucky regulator denies plan for subsidizing crypto mining facility
1.9.2023
A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade
Court Ruling in Favor of Grayscale Clears Path for Bitcoin Innovation in US: Vivek Ramaswamy
1.9.2023
Grayscale’s court win over the U.S. securities regulator will help keep crypto innovation in America, Republican presidential hopeful Vivek Ramaswamy is convinced. While praising the “strong decision,” Ramaswamy also commented that the case should have never reached the courts. Federal Courts...
Binance Finds Way to Serve Belgian Users After Cease Order
31.8.2023
Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. Binance Offers...
Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong
31.8.2023
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step...
SEC’s ‘Secret’ Filing in Binance Case Could Relate to Criminal Investigation, Says Former SEC Official
30.8.2023
The U.S. Securities and Exchange Commission’s former head of Internet enforcement suspects that the SEC’s “secret” filing in the Binance case is a “rare” tactic that could relate to the Department of Justice’s criminal investigation against the crypto exchange. He stressed...
Court Rules in Favor of Grayscale Against SEC in Bitcoin ETF Conversion Lawsuit
29.8.2023
A D.C. court has ruled in favor of Grayscale, the largest crypto asset manager, in its lawsuit challenging the U.S. Securities and Exchange Commission’s decision to deny the conversion of GBTC to a spot bitcoin exchange-traded fund (ETF). The securities regulator “failed to explain its different...
Today in Crypto: Regulator Allows Belgians to Use Binance Poland, US SEC Says an Issuer’s NFTs are Securities and Orders It to Compensate Investors, LimeWire Launches 'World's 1st Blockchain-Based AI Creator Studio on Polygon'
29.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Regulator Allows Belgians to Use Binance Poland, US SEC Says an Issuer’s NFTs are Securities and Orders...
Hong Kong regulator eyes tokenization for bond market improvement: Report
25.8.2023
The monetary authority in Hong Kong released a report on its study Project Evergreen which looked at the highs and lows of recent bond tokenization activity
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
25.8.2023
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets
Australia-Based Crypto Lender Sentenced for False Credit License Claims
21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...
SEC Files Motion to Certify Interlocutory Appeal of Ripple-XRP Ruling
21.8.2023
The U.S. Securities and Exchange Commission (SEC) has filed a motion to certify an interlocutory appeal of two rulings in the Ripple case regarding XRP. According to the securities regulator, “Immediate appeal of these rulings is warranted … because they involve controlling questions...
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...