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Fraud Investigation of Crypto Exchange JPEX Triggers Trading Halt, Arrests, Increased Regulatory Scrutiny
20.9.2023
A fraud investigation of cryptocurrency exchange JPEX in Hong Kong has led to the shutdown of some trading activities on the platform, the arrest of multiple people, and increased regulatory scrutiny of the entire crypto sector. “This incident highlights the importance that when investors want...
New York Shrinks List of Pre-Approved Crypto — DOGE, XRP Among Coins Removed
20.9.2023
New York’s financial regulator has significantly reduced the number of pre-approved cryptocurrencies that licensed crypto trading platforms can list. XRP, dogecoin, litecoin, and ethereum classic are among the coins removed from the Greenlist. The regulator also proposed new crypto guidance...
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
19.9.2023
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit
Crypto Wants a De Minimis Tax Exemption in the U.S.
19.9.2023
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this...
Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
19.9.2023
Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25
CZ Denies Binance.US Used Ceffu or Binance Custody in Apparent Contradiction
19.9.2023
Binance.US previously told a DC court it used custody software offered by Binance’s international arm that was later rebranded Ceffu
Cøbra Can't Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
19.9.2023
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
19.9.2023
While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views
JPEX Drama Shows Need for Crypto Regime, Hong Kong Leader Says
19.9.2023
The territory’s leader urged investors to use licensed platforms and promised more education about crypto risks
Solana Co-Founder Urges the US to Not Wait for “Perfect” Crypto Regulations
19.9.2023
Anatoly Yakovenko, co-founder of Solana and the CEO of Solana Labs, stressed the importance of the US government’s crypto bipartisan bill passed in July. However, he noted that the government shouldn’t wait for “perfect” legislation to move forward in regulations.
“The bills aren’t perfect....
Hong Kong’s Chief Executive Calls for Tighter Crypto Regulations Citing JPEX Saga
19.9.2023
Hong Kong’s Chief Executive John Lee called for tighter regulations on crypto trading citing the recent alleged rugpull by the unlicensed crypto exchange JPEX.
Addressing a press conference, John Lee said that the JPEX saga highlights the need for tighter crypto regulations. ...
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Malta Embraces EU's MICA Regulations: Public Consultation Open Until Sept. 29
19.9.2023
On Sept. 18, Malta's Financial Services Authority (MFSA) initiated a public consultation to harmonize its crypto regulations with Europe's Markets in Crypto-Assets (MICA) regulations, slated to become effective in December 2024.
On Monday, Malta's Financial Services Authority (MFSA) initiated...
‘I Just Want to Keep Things Moving’: Judge Makes No Ruling in SEC-Binance Document Dispute
19.9.2023
A U.S. judge declined to order Binance.US to make its executives more available for depositions, or for the U.S. Securities and Exchange Commission (SEC) to back down in its demands for more documents during a hearing Monday
Binance Is Supposedly Separate From Crypto Custodian Ceffu. The SEC Has Questions
18.9.2023
As regulators prepare to square off with one of the world’s biggest crypto exchanges in court, Ceffu has denied any ties to Binance or U.S. operations. The reality is murkier
SEC Rips Into Binance.US Over 'Shaky' Asset Custody, Asks Court to Order Inspection
18.9.2023
The regulator asked a U.S. court to reject Binance's "half-hearted" objections to its motion seeking depositions, an inspection and communication from the exchange
New York Regulator Seeks Tougher Norms for Adding, De-Listing Crypto Coins
18.9.2023
Licensees in the state will have to set out technology, market and regulatory risks for listed cryptocurrencies under the state’s BitLicense regime
Taiwan Calls El Salvador Authorities to Establish Virtual Assets Bureau For Enhanced Crypto Regulations
18.9.2023
Taiwan’s Crypto Association has established talks with the El Salvador authorities – the Central Bank, the Virtual Assets Bureau, and the Presidential Palace – calling for enhanced crypto regulations.
According to a Wu Blockchain report, Taiwan regulators have communicated with El Salvador’s...
Malta Seeks to Change Its Crypto Rulebook to Get Ready for MiCA
18.9.2023
The country's financial watchdog wants to align its framework with EU-wide rules set to take effect in 2024
Ethereum Co-Founder Insists ETH Is a Commodity Amid SEC Crackdown on Crypto Securities
18.9.2023
Ethereum co-founder Joseph Lubin says he stands by his conviction that ether is a commodity despite the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, trying to assert authority over all crypto tokens, except bitcoin. “I anticipate that, with previous...
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
18.9.2023
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year