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Coinbase CEO warns against AI regulation, calls for decentralization
23.9.2023
Coinbase CEO Brian Armstrong said decentralization and open-sourcing AI is better alternative to regulating the space
VC Katie Haun Says It’s a ‘Really Good Time’ to Be Investing in Crypto — Criticizes SEC’s Regulatory Approach
23.9.2023
Venture capitalist Katie Haun is optimistic about the future of crypto. “It’s a really good time to be investing in this space during this down market,” she said. “I have actually never felt that in prior cycles, crypto was more inevitable than in this cycle, and this is...
US House Committee Passes CBDC Anti-Surveillance State Act With Support of 60 Congress Members
23.9.2023
The U.S. House Financial Services Committee has passed the CBDC Anti-Surveillance State Act, the first anti-central bank digital currency legislative effort introduced in the United States. Congressman Tom Emmer detailed that the bill halts the efforts of the Biden administration “from...
Bybit will suspend services in UK following financial regulator's 'final warning'
22.9.2023
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to "regulatory changes"
Regulator Sues Crypto Exchange Kraken Provider in Australia
22.9.2023
Australia’s securities regulator has initiated civil proceedings against Bit Trade Pty Ltd, an entity providing Kraken services to Australian users. According to the government agency, the company failed to comply with regulatory obligations meant to ensure proper consumer protection. Australian...
Binance Sounds the Warning: EU's MiCA Law May Lead to Stablecoin Removals – What's Going On?
22.9.2023
Binance has raised concerns about the potential delisting of stablecoins in Europe due to the upcoming implementation of the European Union's Markets in Crypto Assets (MiCA) regulation.
“We are heading to a delisting of all stablecoins in Europe on June 30,” given that no project has yet been...
EU Parliament research recommends non-EU nations tighten crypto regulation
22.9.2023
Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report
Coinbase Calls on 52 Million Crypto Holders to Advocate for Clear Regulation
22.9.2023
Coinbase revealed a campaign to move more than 52 million U.S.-based cryptocurrency holders to call for clear and precise regulation. The push, part of a countrywide initiative, will be supported by a paid media campaign across multiple platforms but directed to nine states where most crypto owners...
Vivek Ramaswamy Plans to Have Crypto Policy Ready by Thanksgiving
22.9.2023
Presidential hopeful Vivek Ramaswamy is working on a crypto policy framework that he aims to finalize by Thanksgiving. The Republican criticized the regulation-by-enforcement approach of U.S. government agencies like the securities regulator under the administration of President Joe Biden and vowed...
Judge grants DoJ motions barring testimony of Sam Bankman-Fried's witnesses
21.9.2023
Judge Lewis Kaplan left the door open for SBF’s defense team to call some of the precluded witnesses in response to testimony presented by the government
Judges deny Sam Bankman-Fried's appeal for early release
21.9.2023
Three judges with the 2nd U.S. Circuit Court of Appeals in New York have denied requests from Sam Bankman-Fried’s lawyers for early release from jail
Former FCA Chair Reveals Pressure to Approve Crypto Firms Facing U.S. Investigations
21.9.2023
The UK's financial watchdog was forced to welcome cryptocurrency firms into the British market, according to Charles Randell, the former chairman of the Financial Conduct Authority (FCA).
During a conference hosted by the Bank of England's Prudential Regulation Authority, Randell said the...
California Revisits Stringent Licensing for Crypto Businesses with New Bill AB 39 - Here's What You Need to Know
21.9.2023
California is once again taking steps to tighten crypto regulation with a new bill, AB 39, introduced on Tuesday.
The legislation follows a previous attempt in February 2022, when the state introduced AB 2269. The older bill also proposed strict licensing requirements for companies engaged...
Ethereum price sees new low versus Bitcoin since switching to Proof-of-Stake
21.9.2023
Ethereum spot ETF request, Ripple’s potential win against the SEC, and growing decentralized app dominance retain hope for ETH investors
Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance
21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...
Signal hints at leaving UK market following passage of online safety bill
20.9.2023
Critics of the U.K. Online Safety Bill had pushed for amendments prior to passage, claiming the legislation could allow authorities a backdoor for end-to-end encryption services
SEC’s Crypto Chief Signals Ramp-Up in Enforcement: ‘We’re Going to Continue to Bring Those Charges’
20.9.2023
According to David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, more enforcement actions against firms that haven’t properly registered with the regulator are expected. Hirsch discussed crypto assets and exchanges Tuesday at an...
Brazil Debates Bill To Protect Debtors’ Digital Assets
20.9.2023
Brazilian lawmakers make moves to include cryptocurrencies in the list of debtors-protected assets on behalf of creditors following their recognition as tradable property.
In recent months, Brazil has embarked on a major change to reduce the seizures of debtors' assets which is meant to settle...
Philippines SEC Collaborates With International Organizations to Strengthen Crypto Enforcement Efforts
20.9.2023
The Philippines Securities and Exchange Commission (SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.
The body has partnered with the United States SEC and the Asian Development Bank (ADB) to host...
a16z’s Arianna Simpson Says Lack of Specific Guidelines is Pushing Crypto Firms Offshore
20.9.2023
a16z General Partner Arianna Simpson believes the US needs to establish a regulatory framework that instills confidence in crypto firms and allows them to build technology products without fear of potential consequences.
Simpson claimed that the lack of specific guidance in the US is causing...