72 / 92 Relevant items tagged with #Regulation

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True Consumer Protection in Crypto Lies Between Centralization and Decentralization

[Apr 15, 2023 5:00 AM]

Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison

[Apr 14, 2023 3:44 PM] James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the "unlawfully obtained" Bitcoin scheme.

SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’

[Apr 14, 2023 12:00 PM] “It seems perverse to me that we would be encouraging centralization,” said SEC Commissioner Hester Peirce prior to a vote on the proposal.

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.

Arizona governor vetoes bill targeting taxes on blockchain node hosts

[Apr 13, 2023 4:01 PM] The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level.

San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee

[Apr 13, 2023 2:21 PM] Police chief Bill Scott said there was evidence that the suspect and Bob Lee knew each other but did not comment on the possible motive of the attack.

US court issues summons to Tron's Justin Sun, threatens default judgment if no response

[Apr 13, 2023 12:50 PM] The summons was related to a civil lawsuit filed by the SEC against Justin Sun and others over allegedly offering and selling TRX tokens as unregistered crypto asset securities.

Judge orders YouTuber ‘BitBoy Crypto’ to appear and address alleged harassment

[Apr 13, 2023 10:45 AM] Ben Armstrong was ordered to appear in a Florida court to address allegations he threatened and harassed lawyers behind a class-action lawsuit against him and other crypto influencers.

G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies

[Apr 12, 2023 9:30 PM] The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce…

Bill limiting incentives for crypto miners passes Texas Senate, moves to House

[Apr 12, 2023 3:15 PM] Senate Bill 1751 will next move to the Texas House of Representatives, which is scheduled to meet and discuss legislation on April 13.

Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada

[Apr 12, 2023 1:38 PM] Paxos, whose businesses include crypto brokerage and stablecoin issuance, is exiting the Canadian market, effective June 2, according to a posting on its website.

Texas Senate Passes Bill to Limit Bitcoin Miners' Participation in Demand Response Programs

[Apr 12, 2023 12:11 PM] Bitcoin miners in Texas get paid in power credits to power off during times of peak demand.

FTX has recovered $7.3B in assets, will consider rebooting exchange

[Apr 12, 2023 12:06 PM] Sam Bankman-Fried's failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings.

Swiss court gives green light for FTX to sell its European arm

[Apr 12, 2023 11:30 AM] The approval of a petition in Switzerland allowing FTX Europe AG's sale would be in accordance with U.S. bankruptcy court, where FTX's global business filed for Chapter 11.

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’

[Apr 11, 2023 10:00 PM] India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.”…

Wyoming defends crypto-friendly bank charter regime in Custodia Bank's lawsuit with Fed

[Apr 11, 2023 2:37 PM] “The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework," said AG Bridget Hill.

IMF reiterates call for crypto regulation after the ecosystem's 'rough year'

[Apr 11, 2023 11:00 AM] According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai.

Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities

[Apr 10, 2023 9:30 PM] The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if…

'Don't Mess with Texas Innovation' — Advocates criticize bill removing crypto mining incentives

[Apr 10, 2023 10:00 AM] Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners.

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

[Apr 9, 2023 3:30 AM] Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector…

ECB Board Member Warns EU’s New Crypto Rules Not Sufficient

[Apr 7, 2023 8:30 PM] A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important…

Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny

[Apr 7, 2023 6:30 PM] Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned…

Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

[Apr 7, 2023 3:00 PM] According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the…

Arkansas House And Senate Pass Bill Protecting Right To Mine Bitcoin, Goes To Governor For Approval

[Apr 7, 2023 1:11 PM] Arkansas has taken the next step to approve a bill that protects the right to mine Bitcoin, which now heads to the governor’s office.The Arkansas State House has passed a bill aimed at regulating the Bitcoin mining industry in the state. Already…

Thai political party looking at PM race promises $300 in crypto upon victory: Report

[Apr 7, 2023 10:06 AM] The country’s next general election will be held on May 14, at which time all 500 seats in Thailand’s House of Representatives will be up for grabs.

Thanks Sam! How FTX Led to World’s Worst Crypto Policy

[Apr 7, 2023 9:00 AM] Washington’s “war in crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

[Apr 6, 2023 7:30 PM] Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen…

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

[Apr 6, 2023 5:30 PM] Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the…

North Carolina County’s Push To Halt Bitcoin Mining Another Blow To Industry Rattled By Regulation

[Apr 6, 2023 2:00 PM] Buncombe County's plan to halt bitcoin mining for a year would be the latest setback for an industry facing regulatory pressures.Buncombe County commissioners are pushing forward with a plan to impose a one-year pause on Bitcoin and cryptocurrency…

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

[Apr 6, 2023 1:30 PM] The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to…