Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam
[Mar 28, 2023 8:46 AM] The CFTC on Monday filed suit against the crypto exchange and its CEO Changpeng Zhao.
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EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Wallets
[Mar 28, 2023 5:58 AM] Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
[Mar 28, 2023 2:53 AM] The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
7 details in the CFTC lawsuit against Binance you may have missed
[Mar 27, 2023 11:29 PM] Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal
[Mar 27, 2023 5:51 PM] A federal judge paused Voyager's efforts to sell its assets to Binance.US in response to the U.S. government's filing for an emergency stay.
U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks
[Mar 27, 2023 12:46 PM] The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous…
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
[Mar 27, 2023 12:30 PM] After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino…
EU Lawmakers to Vote on Limited Ban on Self-Hosted Crypto Payments
[Mar 27, 2023 8:41 AM] Anti-money laundering plans have slightly liberalized but are set to bring NFT platforms into the regulatory fold
Top 7 legal and compliance jobs in the crypto market
[Mar 27, 2023 7:07 AM] Explore essential skills for top legal and compliance jobs in the crypto market.
EU Smart Contract Regulations Included in Council’s Data Act Draft
[Mar 27, 2023 4:26 AM] Some worry the text, a version of which was already agreed on by the European Parliament, will prove impossible to meet for most smart contracts.
Federal Reserve Says Custodia’s Crypto-Focused Business Model Is ‘Inconsistent’ With Approval
[Mar 24, 2023 11:42 AM] The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
[Mar 24, 2023 10:21 AM] U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they’d go for in the markets, according to a change proposed…
Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP
[Mar 24, 2023 8:32 AM] Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
[Mar 24, 2023 6:24 AM] The bill will strip technology innovations such as software programming, coding, apps and Artificial Intelligence development from tax obligations on income, property, capital gains and import tariffs, Bukele said in the tweet.
UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024
[Mar 24, 2023 1:12 AM] The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy over the next 12 to 15 months.
Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC
[Mar 23, 2023 8:35 PM] Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated.
Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors
[Mar 23, 2023 3:41 PM] Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.
SEC Warns Coinbase It's Pursuing Enforcement Action Over Securities Violations
[Mar 22, 2023 3:26 PM] Crypto exchange Coinbase (COIN) may soon face an enforcement action tied to its listing of potential unregistered securities, the company said Wednesday.
Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges
[Mar 22, 2023 1:34 PM] The U.S. Securities and Exchange Commission sued Justin Sun Wednesday on allegations of selling and airdropping unregistered securities, fraud and market manipulation.
French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions
[Mar 22, 2023 8:59 AM] Social media stars wouldn’t be allowed to shill unlicensed crypto under anti-scam plans voted on by the National Assembly’s Economics Committee Wednesday
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
[Mar 22, 2023 6:02 AM] The number of eNaira wallets has jumped more than 12-fold to 13 million since October.
EU Banking Authority to Hire Crypto Experts as It Prepares for MiCA Law
[Mar 22, 2023 5:48 AM] The Paris-based agency will have to supervise large stablecoins and make rules under the landmark licensing legislation
Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report
[Mar 22, 2023 12:00 AM] The move comes in the wake of Silicon Valley Bank's collapse and global lender volatility, the Australian Financial Review reported.
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
Looking at Some Unanswered Signature and Silvergate Bank Questions
[Mar 21, 2023 5:55 PM] It seems the crypto industry still has some questions about Signature and Silvergate’s shutdowns.
White House Takes Aim at Crypto in Scathing Economic Report
[Mar 21, 2023 5:17 PM] The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
[Mar 21, 2023 3:45 PM] Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system.
Coinbase Argues an Arbitration Case in U.S. Supreme Court as Crypto Makes Its Debut
[Mar 21, 2023 12:14 PM] Coinbase faced a grilling from U.S. Supreme Court justices today as it made the crypto industry’s high court debut, arguing a case about the handling of arbitrations.
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
[Mar 21, 2023 12:00 PM] The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the…
Sushi DAO, Key Contributor Served With SEC Subpoena
[Mar 21, 2023 11:11 AM] Sushi DAO and Head Chef Jared Grey were served with a subpoena by the U.S. Securities and Exchange Commission, the DAO revealed Tuesday.