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Nalezeno "Law": 4431

What the ‘anti-mining bill’ means for the crypto industry in Texas

30.5.2023
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation

Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident

30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...

From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

29.5.2023
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1

Texas legislative session winds down with crypto bills still in limbo

29.5.2023
State lawmakers passed a proof-of-reserves bill and legislation covering crypto firms' usage of flare gas, both awaiting Texas Governor Greg Abbott's approval or veto as of May 29

Russia scraps plans for a national cryptocurrency exchange

29.5.2023
Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said

EU Securities Watchdog ESMA Warns of Unregulated Crypto, Gold Investment Offerings

28.5.2023
The European Securities and Markets Authority (ESMA) has issued a warning regarding investments in assets like cryptocurrencies. They will remain unregulated in most countries until the EU’s Markets in Crypto Assets (MiCA) law is enforced across the Union, the regulator pointed out. ESMA Highlights...

French lawmakers agree to loosen rules in proposed crypto influencer bill

26.5.2023
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France

French Lawmakers Strike Softer Deal on Crypto Influencer Law

25.5.2023
A final compromise appears to allow registered crypto firms to advertise through social media influencers, potentially easing industry fears

South Korea Lawmakers Pass Law Requiring Officials to Disclose Crypto Holdings: Report

25.5.2023
Lawmakers recently called for the Bill to take effect within two months

South Korea passes bill to make officials disclose Bitcoin holdings

25.5.2023
The “Kim Nam-guk Prevention Law” comes in response to a scandal involving some National Assembly members moving large amounts of crypto

Crypto Exchange Hotbit Says ‘Deteriorating Conditions’ Forced It to Stop Operations

25.5.2023
China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit...

Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets

24.5.2023
A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee....

Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operations in the Country

23.5.2023
The Malaysian securities regulator announced on May 22 that the crypto exchange Huobi Global Limited and its CEO Leon Li have been reprimanded for operating in the Asian country illegally. The regulator also revealed that the crypto exchange has been told to stop soliciting investments via emails...

SEC has no authority over crypto, argues defendants in $18M fraud lawsuit

23.5.2023
Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto

G7 discusses crypto, supports CBDC — Law Decoded, May 15–22

22.5.2023
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets

Ripple and SEC seek extension for unsealing Hinman documents

19.5.2023
According to court documents shared by James K. Filan, the Hinman materials will likely be unsealed by June 13

Digital Ruble Law Likely to Be Passed in June According to Russian Official

19.5.2023
The digital ruble law project, which was already discussed and approved in its first reading, could be passed in June, according to Anatoly Aksakov, chairman of the Duma’s Financial Markets Committee. The Bank of Russia is currently waiting for the enactment of this ruleset to conduct a live test...