24 / 65 Relevant items tagged with #Regulations

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Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ

[Mar 13 4:34 PM] The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.

U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims

[Mar 13 2:33 PM] The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3 million in cryptocurrency to 37 victims of online scams and fraud.

Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

[Mar 13 1:40 PM] A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court…

Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument

[Mar 13 11:16 AM] Anthony Grabiner, Wright's attorney, hit back at COPA's argument that private signing sessions Wright hosted to prove he was the Bitcoin founder had been subverted, saying that no proof had been presented.

South Africa Is Poised to License 60 Crypto Firms by Month End: Bloomberg

[Mar 13 9:27 AM] Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.

EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

[Mar 13 6:01 AM] The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.

Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report

[Mar 13 4:59 AM] Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.

Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

[Mar 13 4:31 AM] A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.

Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says

[Mar 13 4:09 AM] The chairperson of India's markets regulator has warned that if it doesn't offer instant settlement investors will move to spaces like the crypto industry.

Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users

[Mar 13 1:50 AM] Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.

U.S. Government Study Concludes No NFT-Specific Legislation Needed, Current Copyright Laws Adequate

[Mar 13 1:02 AM] The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs).

How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance

[Mar 12 10:13 PM] A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U.S.-based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain…

Bitcoin Fog Founder Convicted of Money Laundering

[Mar 12 1:20 PM] Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied�

NFT Providers May Need Registration to Comply With UK Money Laundering Rules

[Mar 12 10:37 AM] The U.K. started a consultation on its money laundering rules on Monday.

Craig Wright ‘Committed Perjury’ in U.K. Trial Over Satoshi Claims, COPA Says

[Mar 12 10:34 AM] The Crypto Open Patent Alliance said it will ask U.K. prosecutors to consider pursuing Wright for “perjury” over his defense of forgery allegations.

U.S. CFTC's Behnam Says Agency Writing New Policy on Prediction Markets

[Mar 12 8:26 AM] U.S. Commodity Futures Trading Commission Chair Rostin Behnam said his agency will propose a rule in the coming months to establish new regulations for prediction markets.

Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg

[Mar 12 8:13 AM] Sweden's central bank governor said he wants "as little bitcoin as possible in the Swedish financial system."

EU Parliament Approves New Sanctions Laws That Also Apply to Crypto

[Mar 12 7:24 AM] The laws are to ensure sanctions rules are applied uniformly across the EU's 27 member states.

Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers

[Mar 12 3:59 AM] The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports

[Mar 12 12:41 AM] Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held against their will for the past two weeks by Nigerian authorities.

Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

[Mar 11 2:53 PM] Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.

U.S. President Again Proposes Crypto Mining Tax, 'Wash Sale Rule' for Digital Assets in New Budget

[Mar 11 10:00 AM] The U.S. president's budget proposal for 2025 suggests the administration can reduce the national deficit by nearly $10 billion just by "modernizing rules" that include cryptocurrencies.

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

[Mar 11 2:51 AM] Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said.

Wyoming Grants DAOs New Legal Structure

[Mar 8 4:06 PM] Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits that has crypto investment giant Andreessen Horowitz (a16z) calling the state an "oasis."

Appeals Court Revives Aspiring Class Action Lawsuit Against Binance

[Mar 8 3:26 PM] A Friday ruling doesn't make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are.

Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors

[Mar 8 7:02 AM] The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.

U.S. Will Appeal Do Kwon's Extradition to South Korea: Report

[Mar 8 12:43 AM] The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans

[Mar 7 11:10 AM] Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.

Do Kwon to Be Extradited to South Korea After March 23, Lawyer Says

[Mar 7 8:52 AM] Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.

Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption

[Mar 7 7:19 AM] Adoption of the central bank digital currency pales in comparison to the use of cash in the country.