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Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE

[Jul 25, 2023 5:36 AM] Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.

UK Information Commission to Make Inquiries About Worldcoin

[Jul 25, 2023 3:20 AM] The firm has claimed that they comply with "very, very local and very specific rules and regulations in each of the markets where there's an Orb."

Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office

[Jul 25, 2023 12:47 AM] Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says

Japan Signals More Web3 Promotion Policies Are Coming

[Jul 24, 2023 10:37 PM] Japan's Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry.

Binance Says It Intends to File Motion to Dismiss CFTC Complaint

[Jul 24, 2023 7:29 PM] Binance, Changpeng Zhao, and Samuel Lim filed a motion Monday night to ask the court for additional allowed length in its response.

Judge in FTX Case Mulls Gag Order on Contact with Media

[Jul 24, 2023 11:41 AM]

Putin Signs Digital Ruble Law Making a CBDC Possible in Russia

[Jul 24, 2023 11:30 AM] The new law describes a legal framework for a central bank digital token

EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says

[Jul 24, 2023 11:18 AM] The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements

Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America

[Jul 24, 2023 3:02 AM] Ripple’s XRP offerings are unique, and the implications of the court’s ruling are difficult to determine, the report said.

Meet the Hong Kong Lawmaker Who Invited Coinbase to Town

[Jul 23, 2023 11:41 PM] Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.

Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal

[Jul 21, 2023 1:32 PM] Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, will be able to argue his case that the Bitcoin file format should receive copyright protection under UK law after a bench of three UK judges accepted his appeal to a previous court…

'Razzlekhan,' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth Billions

[Jul 21, 2023 9:45 AM] The pair will forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange.

ISIS Allies Used Crypto to Raise Millions: TRM Labs

[Jul 21, 2023 9:10 AM] Affiliates of the most notorious terrorist organization use centralized exchanges, the blockchain intel firm said.

Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show

[Jul 21, 2023 5:11 AM] The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.

Indonesia's New Crypto Exchange Opens After Long Delays

[Jul 21, 2023 4:15 AM] The long-awaited Nasdaq-style national bourse for crypto has been operational since July 17, according to an official announcement from Thursday.

FTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Executives

[Jul 21, 2023 2:14 AM] The lawsuit alleges that fraudulent transfers of cash and shares were used to finance political donations, real estate buys, Sam Bankman-Fried’s criminal defense, and even potentially an island.

SBF Accused of Leaking Caroline Ellison's Private Diary by U.S. DOJ

[Jul 21, 2023 12:40 AM] The U.S. DOJ also wants to ban the disgraced founder of FTX and all parties involved in the FTX case from making any out of court statements in the future.

U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft

[Jul 20, 2023 3:55 PM] The bill looks to set out clear rules for the digital assets ecosystem.

Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto

[Jul 20, 2023 11:48 AM] If a financial giant can’t navigate the red tape, who can?

UK's FCA Is Designing Prudential Requirements for Firms Carrying Out Crypto Activities

[Jul 20, 2023 10:00 AM] The Financial Conduct Authority will consult on rules once the government gives it the necessary powers, the regulator said in its annual report.

Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

[Jul 20, 2023 8:36 AM] Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.

UK Financial Regulator to Introduce Isolated Environment for Testing Financial Applications

[Jul 20, 2023 5:55 AM] During a pilot phase, the environment was used to test the eco-friendliness of decentralized ledgers.

Myanmar Shadow Government to Start Neobank With Crypto Rails to Fund Fight Against Military Junta

[Jul 20, 2023 4:52 AM] The National Unity Government bank is set to run on Polygon and do currency swaps via Uniswap v3 pools and USDT stablecoins.

UK Government Rejects Lawmaker Plan to Regulate Crypto as Gambling

[Jul 20, 2023 4:43 AM] The Treasury says it has learned lessons from FTX's collapse, and that gambling law doesn’t deal with crypto risks.

SEC’s Stuttering Litigation Strategy Draws Comment From France

[Jul 20, 2023 4:19 AM] French officials boast of crypto-ready laws that contrast with a stuttering enforcement campaign from the U.S. SEC – and are looking to the next generation of Web 3 gaming rules.

Proposed Legal Reforms Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright

[Jul 20, 2023 3:01 AM] A new Law Commission report doesn’t address legal concerns beyond token ownership, lawyers told CoinDesk.

Kuwait Regulator Bans Crypto Payments, Investment and Mining

[Jul 20, 2023 2:33 AM] The prohibitions are an effort to comply with the FATF's recommendations to prevent money laundering via crypto, the Capital Markets Authority said.

FTX Seeks to Recover $71M From Its Philanthropic and Life Science Arms

[Jul 20, 2023 1:04 AM] The firms funneled corporate funds to other organizations on behalf of their founder Sam Bankman-Fried’s "personal aggrandizement," a court filing shows.

SEC Chair Gensler Cites 'Wild West' of Crypto in Case to Increase Agency's Budget

[Jul 19, 2023 1:28 PM] Tk

UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions

[Jul 19, 2023 10:54 AM] The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing.