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NYDFS calls for public feedback on proposed crypto regulatory guidance
18.9.2023
The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS' greenlist
Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On
18.9.2023
U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from key lawmakers in a growing coalition pushing for a law to crack down on money-laundering and sanctions abuses in crypto, with new sponsorship from the top Democrats on the Senate Homeland Security and Judiciary committees
Malta begins public consultation on revised crypto rules to align with MiCA
18.9.2023
Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA, which comes into effect in December 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
Hong Kong’s Friendly Crypto Policies ‘Very Stable,’ Legislator Assures Vitalik Buterin
18.9.2023
A Hong Kong Legislative Council member has assured Ethereum co-founder Vitalik Buterin that the friendly cryptocurrency policies in Hong Kong are “very stable.” In response to Buterin’s comments expressing his unfamiliarity with Hong Kong and its “complicated...
Senator Elizabeth Warren’s Crypto Bill Gains Support Among US Lawmakers
18.9.2023
Nine U.S. lawmakers have thrown their support behind the Digital Asset Anti-Money Laundering Act, recently reintroduced in Congress by Senators Elizabeth Warren, Roger Marshall, Joe Manchin, and Lindsey Graham. Experts have warned that this crypto bill is the most direct attack on the privacy...
SEC to Unseal Documents in Legal Case Against Binance US – Here's the Latest
15.9.2023
In a major development, the United States Securities and Exchange Commission (SEC) is set to make public some confidential documents in its ongoing case against Binance US.
The release comes at the SEC's own request and with the consent of both parties involved in the case. This development adds...
Gemini legal team accuses DCG of 'gaslighting' Genesis creditors
15.9.2023
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group's plan claiming to offer unsecured creditors a "70–90% recovery"
Sam Bankman-Fried says 'I did what I thought was right' in leaked docs: Report
15.9.2023
Documents provided by crypto influencer Tiffany Fong reportedly revealed details about the former FTX CEO's life under house arrest and his relationship with Caroline Ellison
Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know
15.9.2023
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services.
The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA...
Celsius and Core Scientific propose $14M settlement for litigation
15.9.2023
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million
SEC Accuses Binance.US of Non-Cooperation in Probe Over Securities Law Violations
15.9.2023
Binance.US, the American arm of the global cryptocurrency exchange giant Binance, has been accused of non-cooperation in an ongoing probe by the US Securities Exchange Commission (SEC).
The SEC has alleged that Binance.US's staking, clearing, and brokerage services violate federal securities law....
US Senator Sherrod Brown Urges CFTC, SEC and Treasury Secretary to Enhance Crypto Transparency
15.9.2023
The chair of the Senate Banking Committee, Sherrod Brown has urged key federal agencies to use their existing authority to address concerns within the cryptocurrency industry and enhance transparency to protect investors.
Brown sent a letter to three pivotal figures in the U.S. financial...
Coinbase CEO Urges Defi Protocols to Challenge Regulatory Crackdowns in Court
15.9.2023
The CEO of the cryptocurrency exchange Coinbase has encouraged decentralized finance (defi) protocols to fight regulators in court if they face regulatory crackdowns. He stressed that the Commodity Futures Trading Commission (CFTC) “should not be creating enforcement actions against decentralized...
Former Celsius exec pleads guilty to criminal charges
14.9.2023
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing
European Parliament Supports DAC8 Crypto Tax Rule by an Overwhelming Margin
14.9.2023
Lawmakers in the European Parliament have expressed support for the eighth iteration of the Directive on Administrative Cooperation (DAC8), a measure that introduces tax reporting requirements for crypto transactions.
During a plenary session held in Strasbourg, France, on September 13,...
South Korean Bitcoin lender Delio plans to sue regulators: Report
14.9.2023
South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year
Elon Musk, Mark Zuckerberg and Sam Altman talk AI regs in Washington
14.9.2023
The majority of the tech leaders in attendance agreed that AI needs to be regulated with Elon Musk calling the meeting a game changer for civilization
SEC Chair: Crypto Is a Field Rife With Fraud, Abuse, Misconduct — ‘It’s Daunting’
14.9.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the Senate Banking Committee, stating that crypto is “a field which is rife with fraud, abuse, and misconduct.” He also stated that the securities regulator is still reviewing applications for spot bitcoin...