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EU’s Crypto Licensing Regime Set for Approval as Lawmakers Signal Support

[Apr 19, 2023 6:37 AM] Leaders of the European Parliament’s largest political groupings indicated they’ll support the landmark MiCA law ahead of a vote Thursday

Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin

[Apr 19, 2023 5:42 AM] The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.

SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing

[Apr 19, 2023 2:05 AM] Securities and Exchange Commission Chair Gary Gensler refused to say whether ether, the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday.

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

[Apr 19, 2023 1:30 AM] The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said.

What’s in the House Financial Services Committee’s Stablecoin Bill?

[Apr 18, 2023 4:29 PM] The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while…

Crypto Companies May Use a Supreme Court Doctrine to Push Back Against SEC: Lawyer

[Apr 18, 2023 1:02 PM] Crypto firms are using the major questions doctrine as a way to fend off regulators, Jason Gottlieb, a partner at Morrison Cohen LLP, said.

FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report

[Apr 18, 2023 11:20 AM] The collapsed exchange's creditors are working with the company "to evaluate all options to reboot or sell the FTX exchanges."

Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing

[Apr 18, 2023 7:56 AM] Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to "come in and register" moments before a congressional hearing…

UAE Securities Regulator to Start Accepting License Applications From Crypto Firms

[Apr 18, 2023 5:05 AM] The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates.

Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel

[Apr 18, 2023 2:13 AM] The bank made it clear that no decision has yet been made on issuing a central bank digital currency.

Crypto Exchange Bybit Opens Global HQ in Dubai

[Apr 18, 2023 1:10 AM] Crypto exchange ByBit has opened its global headquarters in Dubai, nearly an year after it had revealed plans based on an in-principle approval to move its global headquarters to the city.

Hong Kong's Central Bank Digital Currency Could be On Permissioned Blockchain: Source

[Apr 17, 2023 11:18 PM] At least one bank is leaning towards developing it on a permissioned blockchain.

Ryuk Ransomware Gang’s Crypto Broker Gets Light Sentence After a Guilty Plea

[Apr 17, 2023 4:44 PM] Denis Dubnikov, a founder of two OTC trading desks in Russia tied to ransomware attacks, was sentenced to no jail time and forfeiture of $2,000 last week after a guilty plea, court documents show.

SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules

[Apr 17, 2023 1:00 PM] The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary…

BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules

[Apr 17, 2023 10:17 AM] The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit.

NY Financial Regulator Adopts Virtual Currency Assessment Rule

[Apr 17, 2023 9:17 AM] The New York Department of Financial Services (NYDFS) has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision.

Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit

[Apr 17, 2023 8:11 AM] The U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Bittrex simultaneously operated a national securities exchange, broker and clearing agency in violation of federal statutes. Former CEO Bill Shihara and Bittrex Global…

SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ

[Apr 17, 2023 6:43 AM] The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation.

Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report

[Apr 17, 2023 2:31 AM] South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall.

Shaquille O'Neal Finally Served FTX Lawsuit: Lawyers

[Apr 17, 2023 12:42 AM] Legendary Basketballer Shaquille O'Neal has finally been served a class-action lawsuit against FTX founder Sam Bankman-Fried, lawyers of the plaintiffs tweeted on Sunday.

U.S. House Committee Publishes Draft Stablecoin Bill

[Apr 15, 2023 2:07 PM] The stablecoin is the first major piece of crypto legislation in 2023.

NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover

[Apr 14, 2023 9:57 AM] Celsius Network contacted 130 interested parties and signed non-disclosure agreements with 40, before choosing NovaWulf.

Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike

[Apr 14, 2023 9:39 AM] The 6,000% increase in taxes per kilowatt hour of energy will likely kill any potential bitcoin mining investments in the country.

UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy

[Apr 14, 2023 8:55 AM] The department will explore economic growth, investment and business opportunities in these areas along with implications on regulation.

U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations

[Apr 14, 2023 8:00 AM] The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on…

London Stock Exchange Group Unit to Clear Bitcoin Index Futures, Options

[Apr 13, 2023 6:54 AM] LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class

EU’s MiCA Vote Likely Delayed by One Day Without Further Changes

[Apr 13, 2023 4:35 AM] The landmark crypto licensing framework and funds transfer rules will likely be rubber-stamped next week as last-minute upsets now seem unlikely.

Zambia to Wrap Crypto Regulation Tests by June: Report

[Apr 13, 2023 2:47 AM] The country is also exploring issuing a central bank digital currency.

High Hopes for EU’s MiCA Law With Final Vote Imminent

[Apr 13, 2023 1:00 AM] EU member nations are already jostling to hold the crypto crown as the bloc becomes the first major global jurisdiction to regulate the sector.

FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’

[Apr 12, 2023 2:20 PM] Five months after the spectacular implosion of FTX, the Bahamas-based exchange’s new legal team has a message for both the U.S. bankruptcy court and creditors alike: “The situation has been stabilized and the dumpster fire is out.”