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US appeals court says SEC exceeded authority with fund rule

[Jun 5 11:44 PM] The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for crypto?

Binance Finds Way to Serve Belgian Users After Cease Order

[Aug 31, 2023 2:30 AM] Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all…

Binance Obtains Dubai License to Provide Crypto Exchange Services

[Aug 2, 2023 5:30 AM] The world’s largest cryptocurrency exchange, Binance, has received a license to operate in Dubai as a regulated platform. The authorization will allow the crypto giant to offer exchange and other services for virtual assets to institutional and…

Binance Unit in Britain Cancels UK Regulatory Authorization

[Jun 20, 2023 3:30 PM] Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased…

UK Bans ‘Refer a Friend’ Bonuses With Tougher Crypto Marketing Rules

[Jun 9, 2023 9:30 PM] 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…

Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees

[Mar 31, 2023 4:30 PM] This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories…

SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023

[Mar 23, 2023 2:30 PM] 2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces…

Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA

[Mar 19, 2023 4:00 AM] The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and…

Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

[Mar 11, 2023 11:30 PM] Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new…

Trade group accuses SEC of ‘stealthy’ overreach in Coinbase insider trading case

[Feb 22, 2023 11:40 PM] The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner

[Feb 15, 2023 5:00 PM] The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns…

Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations

[Jan 14, 2023 1:30 PM] Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that…

Time for Serious Global Crypto Regulation, Germany Says

[Dec 15, 2022 6:30 AM] Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector…

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

[Nov 26, 2022 11:00 PM] Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital…

Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

[Nov 16, 2022 6:30 AM] The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been…