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Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’

[May 2, 2023 1:36 AM] Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

[May 1, 2023 12:22 PM] Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday.

Coinme, Subsidiary and CEO Fined $4M by SEC Over UpToken Offering

[May 1, 2023 3:08 AM] The bitcoin kiosk company, its subsidiary Up Global and the CEO of both entities were accused of conducting "unregistered offers and sales of securities."

Nigeria's SEC Mulls Allowing Tokenized Equity, Property But Not Crypto: Bloomberg

[May 1, 2023 1:49 AM] The regulator is considering applications for digital asset exchanges on a trial basis.

U.S. House Will Have Crypto Bill in 2 Months: McHenry

[Apr 28, 2023 4:32 PM] AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry…

Crypto Industry Is 'Absolutely' at War Against Gensler, Warren, Blockchain Association CEO Smith Says

[Apr 28, 2023 3:57 PM] The war won't last forever, but probably will continue for the next 18-20 months, Kristin Smith said.

5 Consensus 2023 Takeaways

[Apr 28, 2023 3:57 PM] Members of our CoinDesk editorial team got together on Twitter Spaces today to assess the big picture at Consensus 2023 and share their takeaways on the critical issues that will shape how the industry continues to unfold.

'Opportunism and Demagoguery' Fuel the U.S. Regulatory Crackdown, Steptoe Partner Says

[Apr 28, 2023 3:30 PM] Steptoe Partner Jason Weinstein, on the stage at Consensus 2023 in Austin, Texas, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen.

Global Crypto Regulation Needs Coordination, Not Duplication, Legal Experts Say

[Apr 28, 2023 11:35 AM] "It's not good to put crypto all in the same basket and look at it in a vacuum," said Marianne Bechara, senior counsel at the IMF.

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

[Apr 28, 2023 11:00 AM] The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure.

Genesis Bankruptcy Parties Agree to 30-Day Mediation Period

[Apr 28, 2023 8:01 AM] The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.

Hamas' Military Wing to Stop Accepting Bitcoin Donations: Report

[Apr 28, 2023 5:19 AM] The Izz ad-Din al-Qassam Brigades reportedly said the move is to protect donors from harm.

ECB Probes Decentralized Settlement for Wholesale Financial Markets

[Apr 28, 2023 2:56 AM] Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.

South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

[Apr 28, 2023 2:06 AM] The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

[Apr 28, 2023 1:54 AM] Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

Binance Official Says Crypto Exchange Has Ousted North Koreans

[Apr 27, 2023 1:36 PM] "They recognized Binance was not the place for them," said Tigran Gambaryan, head of financial crime compliance at Binance.

The Case for Regulating, Not Banning, Crypto

[Apr 27, 2023 12:34 PM]

SEC Is Alleging Legal Violations ‘On the Fly,' Coinbase Says

[Apr 27, 2023 12:27 PM] Crypto exchange Coinbase pushed back against the U.S. Securities and Exchange Commission Thursday, claiming the agency has not sufficiently supported its argument that the exchange listed securities in the U.S.

SEC Chairman Gensler Releases Another Video Dig at Crypto Industry

[Apr 27, 2023 11:25 AM] Securities and Exchange Commission Chairman Gary Gensler made an investor-education video arguing a systemic lack of compliance in the digital assets sector.

Bahamian Prime Minister Doesn’t Regret FTX

[Apr 27, 2023 11:17 AM] The Bahamas recently overhauled its crypto regulations and says its “open for business” for legitimate digital assets companies.

Reintroduced Congressional Bill Would Call for Feds to Study Terrorist Uses for Crypto

[Apr 27, 2023 8:00 AM] A bipartisan bill introduced simultaneously to the House and Senate would call for federal agencies to study the possible criminal uses for crypto, and provide a report with recommendations on how to address these concerns.

UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking

[Apr 27, 2023 7:45 AM] The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.

Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says

[Apr 27, 2023 4:42 AM] The EBA’s José Manuel Campa urged crypto players to start managing risks right away as new norms bed in.

UK Charities Offered Guidance for Accepting Crypto Donations

[Apr 27, 2023 2:16 AM] Nonprofits need to weigh up the risk of volatility and hacks, and follow money laundering norms, the Charity Commission said.

Ex-CFTC Head Says Regulators Can Engage With Crypto 'If They Have the Will to Do So'

[Apr 26, 2023 4:04 PM]

Franklin Templeton CEO: The Future of the Crypto Industry Is Regulated

[Apr 26, 2023 1:24 PM] At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology.

Leader of Miami Trio Pleads Guilty to $4M Bank, Crypto Fraud Charges

[Apr 26, 2023 11:03 AM] The U.S. Department of Justice last year charged three members of a Miami crew for participating in a crypto-related scheme from 2020.

Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

[Apr 26, 2023 10:05 AM] Creditors can expect to receive between 40 and 65% recoveries, ideally in crypto, a bankruptcy court heard

Former CFTC Chair Timothy Massad Among Witnesses for House Crypto Hearing

[Apr 26, 2023 10:00 AM] Titled, "The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation," the hearing will take place on Thursday afternoon.

Bittrex Global CEO Says Firm Will Fight SEC Charges, Did Not Serve U.S. Customers

[Apr 26, 2023 8:56 AM] The Securities and Exchange Commission has accused Bermuda-regulated Bittrex Global of failing to register as a securities exchange in a lawsuit targeting U.S.-based Bittrex Inc.