17 / 65 Relevant items tagged with #Regulations

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Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York

[May 20 3:38 PM] U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl.

Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources

[May 20 2:33 PM]

Craig Wright Lied to UK Court 'Extensively and Repeatedly,' Judge Writes

[May 20 5:35 AM] Judge James Mellor released his written judgement on the Crypto Open Patent Alliance vs Craig Wright case on Monday.

Venezuela bans crypto mining to protect power grid

[May 19 2:08 AM] This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

[May 17 8:44 AM] The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector's associations and top businesses are encouraging…

Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

[May 17 6:48 AM] The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan.

Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg

[May 17 6:20 AM] A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg reports.

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

[May 17 6:13 AM] The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

[May 16 10:49 AM] The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto…

French Securities Regulator Warns Investors Against Crypto Exchange Bybit

[May 16 10:04 AM] France's securities regulator has issued a renewed warning against crypto exchange Bybit, urging customers to “make arrangements for the eventuality that the platform [may] suddenly cease to provide services” to customers in France.

U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance

[May 16 10:00 AM] The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing.

Leading Crypto-Policy Academic in Washington to Open Disclosure Firm Bluprynt

[May 16 7:00 AM] Georgetown Law professor Christopher Brummer leads an annual event on emerging financial technology in Washington that became a top forum for crypto issues in recent years. Now he's joining the sector, founding Bluprynt to help the industry with…

Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict

[May 16 2:48 AM] Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.

Coinbase to Target Australia's Self-Managed Pension Funds: Bloomberg

[May 16 12:49 AM] Coinbase is developing a service which will specifically target Australia' self-managed pensions sector, the exchange's Asia-Pacific Managing Director John O’Loghlen told Bloomberg.

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

[May 15 5:24 PM] Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.

U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

[May 15 2:06 PM] The result of next week's expected vote on U.S. legislation to regulate the cryptocurrency industry will strongly influence the odds the U.S. Senate gets on board, said Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services…

Sweeping ‘Bitcoin Rights’ Bill Becomes Law in Oklahoma

[May 15 1:38 PM]

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources

[May 15 10:04 AM] A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk.

Cahill Gordon & Reindel Beefs Up Crypto Practice, Adds 3 Crypto-Native Lawyers Including Lewis Cohen

[May 15 4:00 AM]

Crypto's Election Season Is Kicking Off

[May 15 1:30 AM] The U.S. is holding its presidential election this fall. More than half a dozen other countries and bodies are likewise holding – or have held – elections this year. Some candidates and lawmakers have already addressed crypto, whether appealing to…

The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say

[May 14 12:30 PM] The crypto industry is throwing its weight around in Washington in hopes of influencing the upcoming U.S. elections, spending an unprecedented amount of money to get crypto-friendly candidates elected and educate lawmakers – all in hopes of finally…

'CryptoDad' Giancarlo Joins Paxos Board

[May 14 7:01 AM] Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk.

Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court

[May 14 5:34 AM] Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.

Industry Stakeholders Believe a UK Election Won't Derail Crypto Plans

[May 14 1:00 AM] The U.K.'s expected election this year shouldn't affect the country's efforts to regulate cryptocurrency much, industry observers say.

Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market

[May 14 12:29 AM] Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

[May 13 11:09 PM] Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile…

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

[May 13 3:02 PM] President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

[May 13 1:31 PM] FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM), according to…

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

[May 13 11:32 AM] A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting…

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

[May 13 3:49 AM] Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.