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Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
16.8.2023
The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...
Binance Japan to Use KYC Services From Liquid
13.8.2023
The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict...
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges
10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules
7.8.2023
The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and adequately minimize associated risks. India’s...
Crypto․com Granted Registration Approval in the Netherlands
30.7.2023
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform...
SEC adopts cyberattack disclosure rules, listed crypto firms included
28.7.2023
Coinbase, Marathon Digital and Riot Blockchain are among the SEC-registered cryptocurrency firms that would need to comply with the rules
Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
24.7.2023
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe...
Counter-Strike League Makes It Clear: Crocs Are Banned
20.7.2023
The ESL, a large Counter-Strike: Global Offensive esports league, announced all the changes it made to its rule book ahead of the upcoming IEM Cologne 2023 competition in Germany. And among the changes is a very important one: Crocs are banned. Read more
Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture
12.7.2023
On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk Road, an infamous darknet marketplace that operated...
Singapore Implements New Crypto Regulations Targeting Custody, Lending, Staking
4.7.2023
Singapore has implemented new regulations for crypto service providers in a bid to enhance investor protection and maintain market integrity within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) will also restrict lending and staking activities facilitated by crypto service...
Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets
29.6.2023
Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to comply with EU regulations. Binance to Continue...
Crypto Conglomerates Should Be Regulated, MiCA 2 Needed, Bank of France Governor Says
19.6.2023
International cooperation is necessary to regulate crypto conglomerates, according to the head of the central bank of France. Speaking at a tech forum in Paris, Governor Villeroy de Galhau also suggested that a new version of the EU’s recently adopted crypto law may be needed to deal with...
Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit
17.6.2023
The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s register of digital asset service providers. Binance...
'Near impossible to know' what is and isn't a security: Mark Cuban on SEC
12.6.2023
The billionaire is the latest to argue that the SEC hasn’t provided crypto firms with a registration process to follow
UK Bans ‘Refer a Friend’ Bonuses With Tougher Crypto Marketing Rules
10.6.2023
Businesses marketing crypto assets to U.K. consumers will have to abide by stricter advertising rules presented by the country’s financial watchdog. These include prohibiting ‘refer a friend’ bonuses for the industry as well as introducing a cooling-off period for first time investors. Regulator...
Pokémon Players Banned From Tourney For Using The Same Move In Protest
8.6.2023
Even if you don’t play competitive Pokémon, you may be familiar with the move Metronone, which sees a monster wave their fingers back and forth until they hit their enemy with a random attack from the wider compendium of moves. It’s a fun move in theory, but not a particularly effective...
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...