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Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
17.1.2024
Indonesian crypto exchanges saw a sharp 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets
Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
17.1.2024
Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred
South Korea Mulls Issuing Crypto Mixing Regulations to Curb Money Laundering
17.1.2024
Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow virtual asset service providers (VASPs) to reject...
South Korean Bankruptcy Court Judge Calls for More Crypto Regulation
17.1.2024
Source: Valerii Evlakhov/Adobe A South Korean bankruptcy court judge has called on the government to bolster regulation in the crypto industry, claiming investors need more protection. Per Newsis, the claims were made by Judge Lee Seok-jun, of the Seoul Bankruptcy Court. Lee wrote a paper...
Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
16.1.2024
Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next could have serious consequences for the wider...
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
16.1.2024
The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024
USDT at the Heart of Pig Butchering Scams Says the UN
16.1.2024
The stablecoin tether has emerged as one of the preferred payment methods for money launderers and fraudsters operating out of Southeast Asia, the findings of a new United Nations study have shown. According to Jeremy Douglas, criminals are choosing to use tether because they know that...
Pro Crypto Candidate Vivek Ramaswamy Drops Out of U.S Presidential Race
16.1.2024
Pro crypto Republican presidential candidate Vivek Ramaswamy has suspended his campaign after securing a fourth-place finish in Iowa. Ramaswamy, who had pledged to streamline the Securities and Exchange Commission (SEC) and advocate for a clear crypto policy if elected, announced the suspension...
South Korea Seeks Regulation Against Crypto Mixers Citing Illegal Use Cases
15.1.2024
Source: AdobeStock South Korean regulators seek to introduce new laws that would sanction the use of cryptocurrency mixers in the country to curb the rate of illicit financial activities. According to local news outlets, the Financial Intelligence Unit is considering rolling out new regulations...
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
15.1.2024
Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk
Web3 in Africa: Regulatory Challenges Impede Potential Transformation
15.1.2024
As Africa‘s Web3 landscape gains momentum, it faces significant regulatory hurdles that threaten to stifle its transformative potential. Jathin Jagannath, a developer advocate for Cartesi, a Web3 rollup protocol, has pinpointed regulatory uncertainties as a major obstacle in Africa’s...
Tokenized Fund Adoption Grows but Brings Technology Risks: Moody's
15.1.2024
Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says
Venezuela Ends Controversial Petro Cryptocurrency: Reports
15.1.2024
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports
Google Removes Apps of Binance and Other Global Crypto Exchanges in India
15.1.2024
Google has removed several prominent global crypto exchanges, including Binance and Kraken, from its Play Store in India. This move comes as a response to allegations of these exchanges operating “illegally”, with the Financial Intelligence Unit (FIU) issuing show cause notices to nine...
India Blocks Websites of Offshore Crypto Exchanges After Non-Compliance Warning
13.1.2024
  India blocked access to websites of several offshore crypto exchanges, including Binance, Kucoin, OKX , Gate.io and many others on January 12 . This action followed the removal of these platforms from the Apple App Store in the country just a few days earlier. The move is a consequence...
Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Million, CEO Says
13.1.2024
Ark Invest CEO Cathie Wood has doubled down on her bullish bitcoin forecasts, now seeing a higher probability of the price of bitcoin soaring to $1.5 million per coin. She emphasized that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC)...
SEC Says Other Systems Secure After X Account Hack
13.1.2024
The U.S. Securities and Exchange Commission said its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week
Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense
13.1.2024
Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity...
White Supremacists Lean On Crypto, Says Anti-Defamation League Report on Extremists
12.1.2024
White supremacist groups in the U.S. have sometimes been funded by crypto, according to a report from the Anti-Defamation League (ADL) that analyzed about $140,000 in transactions connected to 15 extremist groups or individuals last year
Cryptocurrency Regulations Set to Help Minimize Risks Associated With Crypto Trading — Turkey Finance Minister
12.1.2024
Mehmet Simsek, the Turkish Finance Minister, recently revealed that a draft of his country’s crypto regulations is now in the final stage. Simsek said that once they come into force, the new regulations will help minimize the risks that are associated with trading crypto assets. Minimum...