58 / 66 Relevant items tagged with #Regulations

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Bit4You’s Affairs in Doubt Even Before CoinLoan Collapse, Belgian Regulator Says

[May 8, 2023 1:00 PM] FSMA’s concerns meant the exchange could have lost its license or even faced prosecution, even before the Estonian platform which held its funds filed for insolvency

Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior

[May 8, 2023 7:30 AM] Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line.

Ripple's Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report

[May 8, 2023 6:08 AM] The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.

Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report

[May 8, 2023 5:00 AM] Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt.

South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report

[May 8, 2023 3:15 AM] Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.

U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg

[May 5, 2023 8:40 PM] The United States Justice Department's national security division is conducting an inquiry into whether Binance allowed the violation of U.S. sanctions related to Russia's invasion of Ukraine on its platform, according to a Bloomberg report.

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

[May 5, 2023 5:30 PM] The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy…

Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed

[May 5, 2023 3:36 PM] Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.

Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says

[May 5, 2023 9:51 AM] The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.

New York Attorney General Seeks New Crypto Powers for State Regulators: Report

[May 5, 2023 7:01 AM] The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

[May 5, 2023 3:19 AM] The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.

Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency

[May 5, 2023 2:04 AM] The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.

Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters

[May 4, 2023 7:45 PM] Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas.

3% Tax on Crypto Transfers Part of Kenya's Proposed Budget: Bloomberg

[May 4, 2023 6:20 PM] Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year.

Wrapping Up Consensus 2023

[May 4, 2023 3:39 PM] Missed Consensus 2023? Catch up on some of the most important conversations here.

North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State

[May 4, 2023 5:43 AM] The U.S. state's House of Representatives voted 118-0 to pass an amended version of a bill that initially sought to ban crypto payments.

Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy

[May 4, 2023 2:02 AM] The policy announcement makes no mention of crypto, which the government cracked down on in 2021.

Supposed AI-Based Crypto Token Using Elon Musk's Image Targeted by Texas Securities Board

[May 4, 2023 1:42 AM] Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.

U.S. SEC Changes Its Mind on Officially Labeling Digital Assets

[May 3, 2023 4:37 PM] The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

[May 3, 2023 3:48 PM] Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.

Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case

[May 3, 2023 3:15 PM] Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.

RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race

[May 3, 2023 1:33 PM] Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign to challenge Joe Biden.

Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide

[May 3, 2023 9:18 AM] The law on promotions is set to come into effect around four months from now, the finance ministry has said.

Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State

[May 3, 2023 6:00 AM] Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.

Allow Influencers to Promote Registered Crypto Firms, French Senators Say

[May 3, 2023 3:52 AM] Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions

UK Set to Ban Cold Calls Selling Financial Products, Including Crypto

[May 3, 2023 3:26 AM] The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022.

White House Pushes for Punitive Tax on Crypto Mining

[May 2, 2023 3:58 PM]

3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator

[May 2, 2023 4:12 AM] The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.

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.