6 / 12 Relevant items tagged with #CryptoRegulation
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Enforcement of South Korean virtual assets law prescribed in decree
[Jun 26, 2024 12:44 PM] The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.
Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt
Hong Kong invites global opinions on web3 and virtual assets future
[Jun 22, 2024 6:35 AM] The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
[Jun 17, 2024 7:20 PM] The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of…
Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
[Jun 16, 2024 11:09 PM] Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed…
Terraform Labs ends operations, Terra community takes over
[Jun 13, 2024 7:25 AM] Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.
As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party
[Jun 13, 2024 2:11 AM] With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two…
Britain’s public healthcare chief flags rise in crypto trading addiction
[Jun 12, 2024 8:24 PM] NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions.
Crypto.com gains approval from Ireland’s central bank
[Jun 11, 2024 6:51 AM] The Central Bank of Ireland has approved 15 different VASPs from June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others.
EU Innovation Hub criticizes privacy coins and crypto mixers in new report
[Jun 11, 2024 2:07 AM] In its inaugural report on encryption, the EU Innovation Hub for Internal Security examined how privacy coins and mixing protocols complicate regulatory efforts.
Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour
Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading
[Jun 6, 2024 1:38 PM] Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively…
Investors file first civil suit against JPEX, more suits expected
[Jun 6, 2024 11:41 AM] The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
Ripple President Says SEC on ‘Warpath’ With Crypto Industry
Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
[Jun 4, 2024 4:14 PM] A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not…
Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation
[Jun 3, 2024 5:11 PM] Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000…
Binance prepares for MiCA rules, updates stablecoin strategy
[Jun 3, 2024 2:54 PM] Binance will ease European users’ transition from unauthorized to regulated stablecoins with a “sell-only” strategy.
New York Tightens Customer Service Regulations for Crypto Companies
[May 31, 2024 5:11 PM] The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair…
Paraguay seizes 2,738 ASICs as power theft crackdown continues
[May 31, 2024 2:05 PM] Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.
Argentina aims to learn from El Salvador's Bitcoin success
[May 27, 2024 3:41 AM] Argentina wants to learn from El Salvador’s experience of Bitcoin adoption and other cryptocurrency activities.
Coinbase, SEC spar over investment definition in appeal attempt
[May 24, 2024 11:44 AM] The SEC is evading the real issue, and the court was wrong to take its side, Coinbase claims in a defense of its interlocutory appeal.
Binance.US wins appeal to reinstate Florida money services license
[May 22, 2024 11:25 AM] Just because you can do something doesn’t mean you should, a state appeal court told the Florida Office of Financial Regulation.
US prosecutors push for 5–7 years in prison for ex-FTX exec
[May 22, 2024 1:27 AM] U.S. prosecutors demanded “just punishment” fitting the scale of his crime, but Salame’s lawyers argue that he should serve no more than 18 months.
Nancy Pelosi mulls supporting Republican’s FIT21 crypto bill: Report
[May 21, 2024 10:48 PM] The former House Speaker is reportedly considering support for the Republican crypto legislation, breaking from ranking Democrats.
French Regulator Renews Warning Against Blacklisted Bybit
[May 17, 2024 4:04 PM] The French securities regulator, the Autorité des Marchés Financiers (AMF), has issued a renewed warning against using the digital asset platform Bybit. The AMF reminded French investors that Bybit is an unregistered crypto platform operating…
US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms
[May 16, 2024 2:05 PM] The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from…
Binance obtains FIU approval for India return
[May 10, 2024 7:41 AM] Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.
Kraken counters SEC’s legal interpretation in dismissal motion
[May 10, 2024 3:25 AM] Kraken argues that the SEC’s efforts to refute unaddressed arguments indicate a misunderstanding of the case’s central points.
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
[May 8, 2024 12:00 PM] The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury writes a report.