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India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk

[Dec 7, 2023 2:50 AM] India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India's government overseeing the financial evolution of the nation.

Binance, SBF, ETH and Gensler Get Mentions at Republican Presidential Debate

[Dec 6, 2023 8:37 PM] Republican leadership contender Vivek Ramaswamy got the first crypto question.

CZ's Guilty Plea Accepted by Judge, Has Yet to Decide If Binance Founder Can Go Home

[Dec 6, 2023 4:11 PM] A federal judge accepted Binance founder Changpeng "CZ" Zhao's guilty plea to one count of violating the Bank Secrecy Act, but has not yet weighed in on whether Zhao can go back to the United Arab Emirates before he is sentenced in February.

Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge

[Dec 6, 2023 3:59 PM] Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter. Bitzlato was sanctioned by the U.S government in January.

Pro-Blockchain Bill Clears Hurdle in U.S. House

[Dec 6, 2023 3:32 PM] Another crypto bill has cleared the goal posts of a committee in the U.S. House of Representatives, with the unanimous approval of legislation that would direct the U.S. Secretary of Commerce to support blockchain technology.

JPMorgan's Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto

[Dec 6, 2023 1:57 PM] JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to…

The Most Influential Folks in Crypto Regulations

[Dec 6, 2023 12:15 AM] CoinDesk published its annual Most Influential list (it's not a ranking, except for the top 10 being maybe more influential than the other 40). I wrote a few pieces (I had nothing to do with the art and didn't know about it when I wrote the…

House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally

[Dec 5, 2023 11:19 AM] Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday.

Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson

[Dec 5, 2023 9:34 AM] Johnson clarified that the agency sued the crypto exchange because it "simply failed to comply with regulation."

Regulators Not Afraid to Take Action Against Crypto Rule Breakers, NYDFS Chief Says

[Dec 5, 2023 6:58 AM] The regulator has brought enforcement actions against Coinbase and Robinhood.

U.S. Crypto Lobbying on Course for Record Spend This Year

[Dec 5, 2023 6:26 AM] Crypto companies spent almost $19 million on lobbying by the end of the third quarter compared with $16 million in the same period last year.

Crypto.com Receives UK Authorization as an Electronic Money Institution

[Dec 4, 2023 7:10 AM] The exchange said it plans to use the license to offer e-money products in the U.K.

Soccer Star Cristiano Ronaldo Faces $1B Class Action Suit Over Binance Endorsement

[Dec 1, 2023 12:44 PM] The suit, filed in the District Court of the Southern District of California, alleges that Ronaldo "promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance."

Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report

[Dec 1, 2023 4:56 AM] The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.

Republicans' Leadership Squabbles Delayed U.S. Crypto Bills Until 2024, Key Lawmakers Say

[Nov 30, 2023 3:47 PM] Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball.

Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report

[Nov 30, 2023 11:18 AM] The bill is awaiting presidential approval.

UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say

[Nov 30, 2023 10:46 AM] The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.

Central Banks Aren't Sufficiently Ready for CBDC Risks: BIS Report

[Nov 30, 2023 6:21 AM] The introduction of central bank digital currencies could have major implications on the stability, the report said.

Miami Crew Leader Sentenced to 63 Months in Prison for Crypto Fraud

[Nov 30, 2023 6:13 AM] In April, Esteban Cabrera Da Corte pleaded guilty to participating in a crypto scheme that defrauded U.S. banks of $4 million.

Digital Asset Investment Platform Fasset Wins Operational Licence in Dubai

[Nov 30, 2023 12:25 AM] Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors.

The Algorand Foundation Expands Its Footprint in India

[Nov 29, 2023 6:30 PM] Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India's trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation…

U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas

[Nov 29, 2023 1:57 PM] The U.S. Department of the Treasury is pressing lawmakers for a new set of powers that would give the government unprecedented enforcement and sanctions authority over the crypto sector, including the ability to roam well beyond American borders…

Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns

[Nov 29, 2023 10:28 AM] Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.

Hull City Sponsor Tomya Crypto Exchange Embroiled in Turkey Fraud Scandal

[Nov 29, 2023 9:58 AM] The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation.

Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website

[Nov 29, 2023 9:48 AM] The U.S. Treasury Department's Office of Foreign Asset Control listed two crypto addresses tied to Sinbad, a mixing service, in its latest sanctions list.

Bitcoin Group Addressing 'Serious Deficits' in Money Laundering Measures Flagged by German Regulator

[Nov 29, 2023 6:35 AM] The group reportedly said Wednesday that it has "no indications of violations of money laundering and terrorist financing laws."

Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says

[Nov 29, 2023 5:54 AM] But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.

UK to Hit Crypto Users With Penalties for Unpaid Taxes

[Nov 29, 2023 4:46 AM] The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.

Philippines Security Regulator Warns Binance Is Operating Without a License

[Nov 29, 2023 4:16 AM] The regulator is also seeking to have the platform blocked in the country.

Central Bank Project Shows CBDC Payments Can Be Private

[Nov 29, 2023 3:29 AM] The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.