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Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns

[Jun 27, 2023 10:00 PM] In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention to take decisive action against the crypto custodian Prime Trust. The regulatory body seeks to not…

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…

BlockFi to provide over $100K in refunds to California clients

[Mar 27, 2023 9:13 PM] At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents.

Crypto firms could face 2 years jail for breaching UK advertising laws

[Feb 6, 2023 8:29 PM] Crypto firms in the United Kingdom could face some harsh punishments under the FCA's proposed financial promotions regime.

Several Crypto Exchange Websites Taken Down in Kazakhstan

[Jan 26, 2023 4:30 AM] Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the…

Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges

[Jan 22, 2023 4:30 AM] The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a…

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

[Dec 11, 2022 12:30 AM] Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator…

Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight

[Nov 11, 2022 4:30 AM] The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing…