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Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report
25.11.2023
Blackrock, the world’s largest asset manager, has reportedly pushed for using the in-kind creation method for its bitcoin exchange-traded fund (ETF), diverging from the cash creation model favored by the U.S. Securities and Exchange Commission (SEC). According to reports, Blackrock and other spot...
Binance Founder Changpeng 'CZ' Zhao Isn't a Flight Risk, His Attorneys Say
25.11.2023
Binance founder and former CEO Changpeng Zhao should be allowed to return to the UAE, where he is a citizen and lives, ahead of his February sentencing, his lawyers said, pushing back against a U.S. Department of Justice filing asking he not be allowed to leave the country
European Banking Authority Calls for Enhanced Anti-Money Laundering Rules for Crypto Providers – Regulation Incoming?
24.11.2023
Source: AdobeStock / rarrarorro The European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper released on November 24, the banking regulator of the European Union acknowledged...
Singapore Proposes Rules to Tighten Crypto Speculation in Retail Markets – Here’s the Latest
23.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) has proposed revised guidelines to curb the growing rate of digital asset speculation in retail markets. In a recent publication, the Central Bank released amended regulations for digital payment token providers and related...
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
23.11.2023
The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers
FTX collapse, Binance’s US settlement provides strong case for MiCA regulations
23.11.2023
European Commission policy officer Ivan Keller highlights high profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe
Former Binance CEO Changpeng Zhao Still Worth $15 Billion Despite Guilty Plea: Forbes
23.11.2023
Source: X / @cz_binance Former Binance CEO Changpeng Zhao, commonly known as CZ, is still worth $15 billion despite recently pleading guilty to federal money laundering charges. On Tuesday, the crypto boss acknowledged his violation of US regulations and evasion of sanctions laws in his pursuit...
Indian Finance Minister Shares Progress on Crypto Roadmap Implementation at Virtual G20 Summit
23.11.2023
Source: YouTube / DD India India’s Finance Minister Nirmala Sitharaman shared the latest advancements in the implementation of the crypto regulation roadmap during the virtual G20 Leaders’ Summit yesterday. Emphasizing the formal adoption of the roadmap by the G20, Sitharaman highlighted...
Binance's Ex-CEO CZ 'Poses a Serious Risk of Flight,' Prosecutors Claim in Asking He Stay in U.S.
23.11.2023
Congressman Calls for Gensler’s Removal After SEC Sues a Crypto Exchange Twice in 10 Months
23.11.2023
A U.S. lawmaker has urged Congress to pass his bill that would fire U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. This call followed the securities regulator filing a second lawsuit against crypto exchange Kraken this year after the exchange paid $30 million to settle...
US Lawmaker Urges Congress to Focus on Attracting Crypto Opportunities to Bolster National Security
23.11.2023
A U.S. lawmaker has called on Congress to focus its efforts on bringing more crypto activity and opportunities to the United States in order to “bolster U.S. national security.” Citing the Department of Justice’s action against crypto exchange Binance, the lawmaker stressed that Congress does...
Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor
22.11.2023
Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
22.11.2023
Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
22.11.2023
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...
Binance's Busy Day, Kraken's Second SEC Fight
22.11.2023
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from...
Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February
22.11.2023
Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond
Binance, Changpeng 'CZ' Zhao to Pay $2.85B Fine in CFTC Settlement
21.11.2023
Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions...
Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...
Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
21.11.2023
  Multiple countries advanced cryptocurrency oversight last week through legal actions, guidance, and policy initiatives. Image by RareStock, Adobe Stock. The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed...