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Taiwan’s ACE Exchange in Hot Water as Prosecutors Expand Fraud Probe
24.1.2024
Taiwanese prosecutors have expanded their investigation into ACE Exchange, requesting the detention of Chenhuan Wang, the president of the platform. The prosecutors have accused Wang of money laundering and fraud in connection with the alleged fraudulent activities orchestrated by David Pan,...
South Korean Authorities Slammed for Taking Crypto Regulation ‘Baby Steps’
24.1.2024
South Korea’s financial regulators are taking “baby steps” while US counterparts forge ahead with rapid crypto regulation progress, a new report has claimed. Per the South Korean media outlet News Tomato, domestic financial authorities are yet to “properly organize” their crypto arms. The outlet...
Maxine Waters Questions Meta’s Digital Asset Ambitions
23.1.2024
Maxine Waters has sent a probing letter to Meta, querying the tech giant’s recent spate of trademark applications related to digital assets and blockchain technology. Maxine Waters Suspects Meta’s Renewed Interest in Digital Assets Through Trademark Filings Maxine Waters, the ranking...
Coinbase Slams US Treasury’s Proposed Requirement for Crypto Platforms to Report All Mixing Activities
23.1.2024
Coinbase has criticized the US Treasury’s proposed rulemaking on cryptocurrency mixing, stating that it fails to effectively address regulatory gaps while placing unnecessary burdens on crypto platforms. In a comment submitted to the Treasury Department’s Financial Crimes Enforcement...
Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC’s Expanded Security Definition
22.1.2024
Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling their value,...
Bailing DeSantis May Leave Deafening Crypto Silence in 2024 Presidential Race
22.1.2024
Florida Governor Ron DeSantis may not have been a crypto authority, but he embraced digital assets as a political tool and ensured his influential state made moves to support the industry while he still had his eyes on the White House. His absence – and that of fellow candidate Vivek Ramaswamy...
Latam Insights: Argentina’s MIlei Blasts Collectivism at Davos, Venezuelan Petro Still Alive
22.1.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is still alive, and Colombia works to regulate...
Congressman Tom Emmer Offers to Help Donald Trump Fight Central Bank Digital Currencies
22.1.2024
Congressman Tom Emmer has offered to help former U.S. President Donald Trump fight the creation of a central bank digital currency (CBDC) in the U.S. “I agree with President Trump; CBDCs pose a serious threat to Americans’ right to financial privacy. I look forward to working with...
Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC
21.1.2024
Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer options on its spot bitcoin exchange-traded fund (ETF). The SEC has opened a comment period for a proposed rule change, filed by Nasdaq, to list and trade options...
RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
20.1.2024
The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor...
US Senators Introduce Bill ‘to Combat Illicit Use of Crypto Assets’ Through Public-Private Partnership
20.1.2024
U.S. lawmakers have introduced a bill “to combat the illicit use of crypto assets.” The Preventing Illicit Finance Through Partnership Act “will allow federal regulators to work with the private sector to gain insight into the often-misunderstood world of crypto to weed out...
US Treasury Urges Swift Crypto Regulation to Prevent Future Crises
19.1.2024
A high-ranking official at the US Treasury has called upon lawmakers to take immediate action concerning crypto regulation to avert any potential future financial crises preemptively. Graham Steele, the Treasury Assistant Secretary for Financial Institutions, argued that the world of crypto offers...
Thai Securities and Exchange Commission Lifts Restrictions on Digital Asset Investments
19.1.2024
Thailand’s securities regulator has removed investment restrictions on retail investors who invest in real estate-based digital tokens. The Thai Securities and Exchange Commission (SEC) said digital asset entities that want to diversify to other businesses need to get its approval first....
Circle CEO Jeremy Allaire at Davos Tokenization Panel: ‘It’s Coming on in a Significant Way’
19.1.2024
Jeremy Allaire, CEO of Circle, the stablecoin company, stated that tokenization adoption will keep growing after the spot Bitcoin ETF approval and the endorsement of Blackrock. He believes that financial companies might be issuing tokenized versions of their assets this year and criticized...
EU Provisional Agreement: Crypto Asset Service Providers Added to Obliged Entities List
19.1.2024
As per the provisional agreement struck between the European Union Council and Parliament, crypto asset service providers will be obliged to verify facts and information on users whose transactions exceed $1,090. According to the Belgian Finance Minister, the new requirements will “ensure...
Crypto Exchange Gemini Secures Registration in France — Now Operational in Over 70 Countries
19.1.2024
Cryptocurrency exchange Gemini is now registered as a digital asset service provider in France. The crypto firm explained that following the launch of its EU headquarters in Ireland in 2022, “Gemini is now operational in more than a dozen EU countries and more than 70 countries worldwide...
Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’
19.1.2024
Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government “absolute control over your money,” warning that...
Crypto for Advisors: The Regulators are Here
18.1.2024
As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals
IRS Delays Enforcement of Digital Asset Reporting Rules, Awaiting Regulations
18.1.2024
On Tuesday, the U.S. Internal Revenue Service (IRS) and Treasury provided transitional guidance on digital asset reporting, postponing enforcement pending regulation issuance. IRS Temporarily Halts Enforcement of Digital Asset Reporting The U.S. Treasury Department and the Internal Revenue Service...
Thailand’s SEC Eases Investment Restrictions in Select Digital Assets
18.1.2024
The Securities and Exchange Commission (SEC) of Thailand has updated the criteria for investing in digital tokens, easing some restrictions. In a meeting held on March 2, 2023, the SEC Committee approved the principles for improving investment criteria and related criteria for digital asset...