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India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
6.4.2024
India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative...
IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals
6.4.2024
The International Monetary Fund (IMF) has urged Ukraine to finalize its crypto legislation, the country’s Deputy Minister of Digital Transformation for IT industry development has revealed. “In the face of war, we have to exploit the full range of opportunities and develop new sectors...
Ripple’s Chief Legal Officer Blasts SEC Over Crypto Regulation, XRP Lawsuit: “Get Off Your Soap Box”
5.4.2024
Ripple’s Chief Legal Officer, Stuart Alderoty, told the United States Securities and Exchange Commission (SEC) to “get off its soap box” after the SEC’s Director of Enforcement, Gurbir Grewal, seemingly criticized the crypto exchange for its XRP lawsuit.
The post Ripple’s Chief Legal Officer...
South Korea to Tighten Token Exchange Regulations, Including Blocking Hacked Tokens
5.4.2024
South Korea is set to introduce stricter regulations for token listing on exchanges, including the blocking of tokens that have been hacked.
The post South Korea to Tighten Token Exchange Regulations, Including Blocking Hacked Tokens appeared first on Cryptonews
Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’
4.4.2024
Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for “gross abuse of power,” lack...
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
4.4.2024
Chile emerges as leader in crypto regulation across Latin America
4.4.2024
Most people who follow blockchain probably know Brazil has a massive cryptocurrency market. Venezuelans use digital assets to oppose an oppressive regime, and Argentina has a grassroots-led cryptocurrency ecosystem. It might surprise some that out of the 33 countries in Latin America, a tiny...
US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director
4.4.2024
Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission...
SEC Director of Enforcement Gurbir Grewal Slams Crypto Industry, Cites “Significant Non-Compliance”
3.4.2024
Gurbir Grewal, the Director of the Enforcement Division at the SEC, slammed the crypto industry for its "significant non-compliance" in remarks given Wednesday at the Practicing Law Institute SEC Speaks event. His criticism comes one day after SEC Commissioner Hester Peirce chided the agency...
Deribit’s Dubai Unit Receives ‘Conditional’ Virtual Asset Service Provider License
3.4.2024
Deribit FZE, an entity owned by crypto derivatives platform Deribit, has secured a conditional virtual asset service provider from the Dubai virtual assets regulator. The license, which covers spot and derivative trading, will remain non-operational until Deribit meets the regulator’s localization...
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
3.4.2024
Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the discretion to apply laws retroactively...
Singapore Imposes New Rules for Digital Payment Token Services
3.4.2024
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do...
The SEC’s Shot Across the Bow on 'AI Washing'
2.4.2024
SEC Commissioner Hester Peirce Calls Out SAB 121, Claims Agency is “Scaring People Off”
2.4.2024
SEC Commissioner Hester Peirce criticized her own agency and its controversial staff accounting bulletin, SAB 121, during Tuesday remarks at the Practicing Law Institute’s 2024 SEC Speaks event. Peirce's dissidence marks the latest dissatisfaction with the SEC's leadership, with the federal agency...
Binance Appoints Board of Directors for First Time in Effort to Rebuild Reputation Following Legal Troubles
2.4.2024
Binance has named a board of directors for the first time, aiming to reshape its image following last year's guilty plea to US charges of anti-money laundering and sanctions violations.
The post Binance Appoints Board of Directors for First Time in Effort to Rebuild Reputation Following Legal...
Singapore’s MAS Expands Regulatory Oversight to Include Crypto Custody and Fund Transfer Firms
2.4.2024
Singapore has taken steps to expand its digital asset regulations by including the custody of tokens and firms involved in fund transfers.
The post Singapore’s MAS Expands Regulatory Oversight to Include Crypto Custody and Fund Transfer Firms appeared first on Cryptonews
48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’
1.4.2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade...
Tornado Cash Developer Challenges Charges, Files Motion to Dismiss with Legal Arguments
31.3.2024
Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has submitted a motion to dismiss all three charges against him, claiming that he did not operate a money laundering business and did not violate the International Emergency Economic Powers Act.
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Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account
30.3.2024
Digital asset bank Custodia Bank has been denied a U.S. Federal Reserve master account by the United States District Court for the District of Wyoming.
The post Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account appeared first on Cryptonews
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
29.3.2024
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K....