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Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

[Nov 28, 2023 10:55 PM] The deal would see DCG repay $275 million it owes to Genesis by April.

Binance's Future and Other Questions Post-Settlement

[Nov 28, 2023 10:45 PM] Binance is paying literally billions of dollars and giving the U.S. government unfettered access to its books, while its founder and former CEO Changpeng Zhao is looking at maybe a year and a half in federal prison. But Binance the exchange is…

Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues

[Nov 28, 2023 12:46 PM] Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.

Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report

[Nov 28, 2023 11:26 AM] The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges.

Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDCs

[Nov 28, 2023 10:15 AM] The Bank for International Settlements has been calling on countries to prepare for CBDCs as governments face backlash over privacy concerns.

Changpeng 'CZ' Zhao Steps Down From Binance.US Board

[Nov 28, 2023 10:11 AM]

Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says

[Nov 28, 2023 9:27 AM] A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro.

Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB

[Nov 28, 2023 4:55 AM] A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."

EU Lawmakers Call to Reduce Tech Dependency on Other Countries With Metaverse Strategy

[Nov 28, 2023 4:25 AM] The European Parliament's Committee on Internal Market and Consumer Protection calls for the bloc to shape virtual worlds according to EU values.

U.S. Treatment of CZ, Binance Is 'Absurd:' Arthur Hayes

[Nov 28, 2023 3:16 AM] The former BitMEX CEO said the record-breaking penalties against Binance represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology.

TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams

[Nov 28, 2023 12:45 AM] Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.

Binance Founder CZ Stuck in U.S. for the Moment

[Nov 27, 2023 1:05 PM] A district judge ordered Changpeng "CZ" Zhao to stay in the U.S. until he could make a proper ruling on a U.S. Department of Justice motion to block him from returning to his home in the UAE.

UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders

[Nov 27, 2023 5:48 AM] The FCA is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.

Binance's Changpeng 'CZ' Zhao Is a Manageable Flight Risk: U.S. DOJ

[Nov 26, 2023 11:08 PM] U.S. argues that Binance's former CEO should remain free until sentencing – but only in the U.S.

Binance Founder Changpeng 'CZ' Zhao Isn't a Flight Risk, His Attorneys Say

[Nov 24, 2023 5:42 PM] Binance founder and former CEO Changpeng Zhao should be allowed to return to the UAE, where he is a citizen and lives, ahead of his February sentencing, his lawyers said, pushing back against a U.S. Department of Justice filing asking he not be…

Do Kwon’s Extradition Approved by Montenegro Court

[Nov 24, 2023 3:10 AM] Minister will decide if Kwon will be extradited to the U.S. or South Korea.

Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications

[Nov 23, 2023 9:07 AM] The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers.

South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report

[Nov 23, 2023 4:18 AM] The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.

Binance's Ex-CEO CZ 'Poses a Serious Risk of Flight,' Prosecutors Claim in Asking He Stay in U.S.

[Nov 22, 2023 10:13 PM]

Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor

[Nov 22, 2023 4:11 AM] Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.

Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M

[Nov 22, 2023 1:34 AM] Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million.

Binance's Busy Day, Kraken's Second SEC Fight

[Nov 21, 2023 7:30 PM] Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal…

Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February

[Nov 21, 2023 6:42 PM] Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond.

Binance, Changpeng 'CZ' Zhao Handing Over Record $1.35B Fine in CFTC Settlement

[Nov 21, 2023 3:30 PM] Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of…

Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

[Nov 21, 2023 2:37 PM] Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury…

After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent

[Nov 21, 2023 1:58 PM]

Binance to Pay $4.3B to Settle U.S. Accusations; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle

[Nov 21, 2023 10:16 AM] The DOJ will hold a press release later today to announce the settlement.

Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ

[Nov 21, 2023 9:15 AM] The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.

Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures

[Nov 21, 2023 3:19 AM] The country hopes to align local requirements with those proposed by international banking regulators.

Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

[Nov 21, 2023 1:55 AM] Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.