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South Korean Regulator ‘Not Meeting SEC to Talk About Crypto’s Securities Status’
21.3.2023
A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.
Per Hanguk Kyungjae, the South Korean Financial Supervisory Service (FSS) stated that reports that it was planning to meet...
Coinbase submits petition to explain to SEC that staking is not securities
21.3.2023
The company continues its fight against the recent Commission position on crypto staking
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
20.3.2023
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
20.3.2023
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report
19.3.2023
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.”
What are the Howey test and its implications for cryptocurrency?
18.3.2023
The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more
Is Ether a Security?
17.3.2023
Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things happened
Gensler Sticks to His Guns: Proof-of-Stake Tokens Could Be Securities – Ethereum in Trouble?
16.3.2023
Securities and Exchange Commission Chair Gary Gensler has once again indicated that tokens using staking protocols could be considered securities under US law.
During an open meeting of the SEC on Wednesday, Gensler reportedly said that Proof-of-Stake (PoS) tokens can be considered securities...
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
16.3.2023
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global...
SEC Chairman Gensler Suggests Again That Proof-of-Stake Tokens Are Securities: Report
15.3.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is doubling down on his opinion that proof-of-stake tokens could meet the definition of securities under the Howey test, thus bringing them under his agency’s regulatory authority
Primary vs. secondary markets: Key differences
15.3.2023
Primary and secondary markets differ in securities, pricing, risk, volume, liquidity, timeframe and more
U.S. Government Demands Halt to Voyager-Binance.US' $1 Billion Deal – Here's Why
15.3.2023
The US government has demanded to put Binance.US’s proposed deal to purchase the assets from the collapsed cryptocurrency brokerage Voyager Digital on hold.
In a set of court filings submitted on Wednesday, the Securities and Exchange Commission (SEC) and New York’s financial regulator expressed...
US officials appeal protections for Voyager execs in Binance.US sale
15.3.2023
The DOJ disagrees with the legal protections given to those involved in the Voyager-Binance.US sale saying the court “improperly” exceeded its authority
Signature Bank investigated for money laundering prior to demise: Report
15.3.2023
The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering
Coinbase files brief in SEC Wahi case, says it doesn’t sell securities, but would like to
14.3.2023
The crypto exchange says in its amicus brief that the accused inside traders can’t answer for its listing decisions in the current regulatory uncertainty
Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment
14.3.2023
The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial...
Biden vows to hold those responsible for SVB, Signature collapse
13.3.2023
US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."
CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman
11.3.2023
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products...
New York Attorney General Alleges Ethereum Tokens are Securities in Lawsuit Against KuCoin Crypto Exchange – Crypto Clampdown Incoming?
10.3.2023
New York Attorney General Letitia James referred to Ethereum’s native ETH token and other cryptocurrencies as “securities and commodities” in a statement issued in relation to her lawsuit against crypto exchange KuCoin.
In the statement, Attorney General James said KuCoin has facilitated trading...
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
10.3.2023
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of...