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Crypto Lending Crisis - Gemini and Genesis Charged by US SEC With Selling Unregistered Securities
13.1.2023
The US Securities and Exchange Commission (SEC) brought charges against major crypto exchange Gemini and the troubled crypto lending and trading firm Genesis.
Per the press release issued by the regulator on January 12,
"The [SEC] today charged Genesis Global Capital, LLC and Gemini Trust...
Gemini and Genesis charged by SEC over unregistered securities
12.1.2023
The charges relate to Gemini's crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission
SEC Alleges Gemini, Genesis Sold Unregistered Securities
12.1.2023
The Securities and Exchange Commission alleged crypto exchange Gemini and Genesis sold unregistered securities in an enforcement action late Thursday
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
12.1.2023
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets...
El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds
12.1.2023
The “Digital Asset Issuance” legislation will also create a regulatory body, and establish a legal framework for all digital assets
Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government
12.1.2023
The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law...
Silvergate hit with another class action suit, this time for securities law violations
11.1.2023
According to allegations, the company and its executives knowingly misled investors with positive statements despite accusations involving money laundering and tanking share prices
Digital Yuan Pilot Expands into Wealth Management, Securities & Education
11.1.2023
The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education.
According to Shanghai Securities News, the Hong Kong Stock Exchange-listed brokerage and investment bank China Galaxy Securities...
Crypto Exchange Zipmex Faces Probe From Thai Securities Regulator: Bloomberg
11.1.2023
The regulator is investigating if Zipmex was operating as a digital asset fund manager without permission
New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs
10.1.2023
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also discusses the regulation of initial coin offerings (ICOs) and how these can become “a new way...
NY law firm investigates potential 'securities fraud' at Core Scientific
10.1.2023
The investigation was prompted by a report from Culper Research, which alleged that Core Scientific had "wildly oversold" its mining and hosting businesses
Robert Kiyosaki: SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review
8.1.2023
2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush”...
Jim Cramer Expects SEC to ‘Do a Roundup’ of Uncompliant Crypto Firms — Urges Investors to Get Out of Crypto Now
8.1.2023
The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cramer urges investors to “get out” of crypto now....
Thai SEC Launches ‘Crypto Academy’ to Help Digital Asset Investors
7.1.2023
The Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about digital assets free of charge before investing. “The more you know your investments, the less risk you will have,” the Thai regulator emphasized. Thai SEC’s Crypto...
SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns
7.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “would generate investment returns of more than 500,000 times...
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets
6.1.2023
The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s...
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets
6.1.2023
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that it is “formally investigating whether the debtors and others violated the anti-fraud...
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies
5.1.2023
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continued lack of diligence when making public statements concerning the Commission...
Israeli securities regulator moves to establish crypto legal framework
4.1.2023
After tasking multiple committees over the years, the Israeli Authority is ready for public comment on its proposal of crypto legal framework
Israel’s Securities Watchdog Moves to Better Supervise Crypto Assets
4.1.2023
The Israel Securities Authority proposed new legal definitions for digital assets that would formally establish their government supervision – most frequently as securities