Australia's CBDC Likely Some Years Away, Central Bank Says
[Aug 23, 2023 12:23 AM] Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues.
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Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading
[Aug 22, 2023 2:58 PM] Nate Chastain, the former head of product at NFT platform OpenSea, has received a three month prison sentence for making tens of thousands of dollars worth of insider trades during his tenure at the NFT company.
Privacy Mixer Tornado Cash Is an Entity, Judge Says
[Aug 22, 2023 9:30 AM]
Sam Bankman-Fried Pleads Not Guilty to Latest Indictment
[Aug 22, 2023 7:21 AM] FTX founder Sam Bankman-Fried appeared in court Tuesday to be arraigned after the latest indictment accused him of using customer funds for everything from buying personal real estate to political donations.
Crypto’s ‘Illusory Appeal’ Should Be Met by Regulation, Not Bans, BIS Study Says
[Aug 22, 2023 6:00 AM] Bitcoin ETFs could boost adoption because digital assets offer an escape route for state-imposed capital controls, a grouping of central bankers from the Americas said.
Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll
[Aug 22, 2023 2:46 AM] The number of employees losing their jobs is 71 out of some 590.
Prosecutors, Sam Bankman-Fried File Proposed Jury Instructions for Trial
[Aug 21, 2023 7:55 PM] The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried's October trial a day before he is set to be arraigned on a new superseding indictment.
Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin
[Aug 21, 2023 5:20 PM] A group of bitcoin developers is fighting a lawsuit in the UK alleging they wrongfully refused to help Craig Wright’s crypto company retrieve billions of dollars worth of bitcoin that the company allegedly lost in a hack, a Monday court filing…
Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases
[Aug 21, 2023 2:59 PM] Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.
Bitget mandates KYC requirements in line with tightening global regulations
[Aug 21, 2023 1:45 AM] The exchange operator is implementing new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines.
FTX Debtors Revise Settlement Proposal After Objection From U.S. Trustee
[Aug 21, 2023 12:23 AM] Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion.
XRP Ruling Needs Appeals Court Review, SEC Says
[Aug 18, 2023 3:13 PM] The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge's ruling that XRP sales through exchanges didn't violate securities law, a day after the judge said the SEC could present its argument.
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
[Aug 18, 2023 1:13 AM] Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority
[Aug 17, 2023 2:21 PM] A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.
SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules
[Aug 17, 2023 12:11 PM] A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action
[Aug 17, 2023 10:20 AM] TK
Sam Bankman-Fried Is Now in Jail
[Aug 17, 2023 8:30 AM] It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a r
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
[Aug 17, 2023 7:14 AM] Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.
Genesis, FTX Strike Deal for $175M Bankruptcy Claim
[Aug 17, 2023 5:50 AM] Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.
Canada’s regulatory clarity is bringing institutions to crypto - WonderFi CEO
[Aug 16, 2023 3:57 PM] Dean Skurka stated that although regulations have increased cost, they have also led to greater interest in crypto from institutions.
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
[Aug 16, 2023 1:30 PM] In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their…
3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator
[Aug 16, 2023 6:31 AM] The exchange was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.
Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
[Aug 16, 2023 3:30 AM] The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated”…
Crypto Mining Gets Its Own Lobbying Voice in Washington
[Aug 15, 2023 3:00 PM] Crypto miners are establishing a new voice in U.S. policy, starting up the Digital Energy Council to lobby for friendly policy as regulators and Congress are wrestling with the next steps in crypto regulation.
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
[Aug 15, 2023 1:06 PM] Republicans on the U.S. congressional committee that oversees the Securities and Exchange Commission (SEC) are demanding agency Chair Gary Gensler explain how Prometheum Inc. won its unique approval as a broker-dealer for crypto.
FDIC Crypto Warning Underlines U.S. Banking Agencies' Arm’s-Length Policy
[Aug 15, 2023 10:34 AM] The U.S. Federal Deposit Insurance Corp. added crypto as one of five broad categories this year in its annual risk report, a snapshot of the dangers the banking regulator considers a top priority at the moment.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
[Aug 15, 2023 10:30 AM] G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress…
Donald Trump Holds Up to $500K in Crypto
[Aug 14, 2023 2:45 AM] The former U.S.president launched a NFT series last year.
Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy
Binance Japan to Use KYC Services From Liquid
[Aug 13, 2023 1:30 AM] The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its…