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South Korea’s sweeping crypto bill passes first regulatory hurdles
26.4.2023
Legislators in South Korea passed a first phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations
Please Enjoy the Final Crypto Winter
26.4.2023
With U.S. regulations and policy coming soon, the frauds, scams and irresponsible investment management practices that led to the current market downturn will be things of the past, reasons Paul Brody of EY
Binance.US backs out of $1B Voyager asset purchase, blames regulatory environment
25.4.2023
The parties got the go-ahead on the deal last week, after overcoming several objections. Binance.US did not say what compelled it to change its mind now
Billionaire Chamath Palihapitiya Declares 'Crypto is Dead in America' Amid Regulatory Pressure – What's the Solution?
25.4.2023
“Crypto is dead in America”.
That’s according to billionaire tech investor Chamath Palihapitiya, speaking on a recent episode of the All-In podcast.
Palihapitiya blamed the sorry state of crypto in the USA on the recent actions of regulators.
“Now you have (US Securities and Exchange Commission...
Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity
25.4.2023
On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital...
Coinbase files a narrow action to seek regulatory clarity from the SEC
25.4.2023
Paul Grewal, the Chief Legal Officer for Coinbase, has shared the update that the crypto venture has filed a narrow action in the federal court, seeking more clarity from the US Securities & Exchange Commission. The development aligns with the mission of Coinbase, wherein the crypto venture...
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
25.4.2023
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention
Ether price struggles to maintain support as regulatory challenges and network issues weigh
24.4.2023
Ether options volume hints at bearish sentiment as the $1,850 support falters
Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert
21.4.2023
Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them
EU vs US regulatory approaches: TMSN flourishes while OKB & Aptos navigate uncertainty
21.4.2023
The regulatory landscape for cryptocurrency in the EU and the US is becoming increasingly divergent, with the EU offering a more crypto-friendly approach. As a result, some cryptocurrencies, such as TMS Network, flourish in both continents while others, such as OKB and Aptos, navigate uncertainty...
Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand
20.4.2023
The daily trading volume of all Hong Kong crypto exchange-traded funds averaged about $1.19 million between December and early February
Ether’s Security Status Remains Unclear as SEC Chair Gensler Fails to Answer Lawmaker’s Question
20.4.2023
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s...
Coinbase CEO Considers US Exit Amid Regulatory Uncertainty – Here's the Latest
19.4.2023
Coinbase CEO Brian Armstrong has indicated that the exchange could leave the US if regulators don't clarify their approach to the digital asset space.
"Anything is on the table, including relocating or whatever is necessary," he said during the Innovate Finance Global Summit Tuesday after former...
Bitcoin price struggles to hold above $30K amid regulatory uncertainty
18.4.2023
Despite BTC’s recent recovery, Bitcoin's margin and futures markets highlight a neutral-to-bearish sentiment as traders remain wary of regulatory risks
Coinbase Could Move Away From U.S. if No Regulatory Clarity: CEO Brian Armstrong
18.4.2023
Armstrong said "anything is on the table" in terms of Coinbase's plans should greater regulatory clarity not emerge in the U.S
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...
Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
13.4.2023
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases
Paxos set to withdraw from Canada amid regulatory uncertainty
12.4.2023
Paxos assured its customers that their funds would "remain safely" in their accounts, but advised users to withdraw all balances from their accounts at their earliest convenience
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
12.4.2023
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC),...
Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements
12.4.2023
If DeFi activity falls within the scope of the Securities and Futures Ordinance, it will be subject to the same regulatory requirements as traditional financial activity, says SFC official