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Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
14.5.2023
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature...
Binance calls it quits in Canada, blames new rules
12.5.2023
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
11.5.2023
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset...
New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members
10.5.2023
Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules
10.5.2023
The U.K. opened its plans for regulating the crypto sector for public comment back in February
'War on crypto' — Newly filed letters lambast proposed SEC custody rules
9.5.2023
Industry representatives have cast doubt on the legality and impact of the U.S. securities regulator's proposal to expand custody rules
UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance
6.5.2023
A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since...
Theater's Accidental Little Mermaid + Transformers Trailer Mashup Rules, Actually
5.5.2023
The Little Mermaid live-action remake and Transformers: Rise of the Beasts—two of the biggest upcoming movies of 2023—don’t share much in common. However, an apparent film projector accident at a theater showing Guardians of the Galaxy Vol. 3 led to the trailers for the two films playing at...
Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
5.5.2023
Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating...
Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”
4.5.2023
Crypto exchange Coinbase reported higher revenue in its first quarter, while also pushing for “crypto specific rules,” in its latest earnings report.
Total revenue grew 23 percent quarter over quarter to $773 million, according to a Coinbase shareholder letter released on Thursday afternoon.
The...
SEC steps back from defining digital assets in new hedge fund rules
4.5.2023
The SEC and its staff are “continuing to consider” the term “digital assets” despite proposing a definition of the term around nine months ago
Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
3.5.2023
The investment bank downgraded Coinbase stock to "Neutral" amid the exchange's ongoing battle with U.S. regulators
Tokens but not crypto: Nigeria SEC prepares new digital asset rules
1.5.2023
Nigeria’s securities regulator will take at least ten months to determine whether to register a digital asset-related company
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...
Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security
25.4.2023
The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act
Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition
25.4.2023
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition...
France mulls fast-tracking registered crypto firms to new EU rules
25.4.2023
France's financial regulator is weighing up “fast track” options for registered firms so they can be compliant with MiCA rules as soon as possible
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
24.4.2023
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent...
LUNA token is not a security, rules S.Korean court in Terra co-founder case
24.4.2023
The court in its ruling noted that It is difficult to see Luna coin as a financial investment product regulated by the Capital Markets Act