Category: Regulation
Cryptocurrency Regulation News
US Fed To Set Up New Crypto Team As Concerns About Stablecoins Rise
An official from the US Fed has announced that the central bank intends to create a “team of experts” to stay abreast of the latest…
A Market On Edge: Investors Await U.S. Inflation Report
After a tumultuous start to the week, with bank fears rocking the markets, investors are now bracing for the release of the U.S. consumer price…
US Financial Watchdog Accuses BKCoin Executives Of Orchestrating A Cryptocurrency Scam Worth $100 Million
BKCoin Management LLC and its Co-Founder—Kevin Kang, have been accused of defrauding investors with a fraudulent cryptocurrency scheme amounting to $100 million by the United…
Why the Global Crypto Market Cap Fell Below $1T? – Report
For many, the cryptocurrency market is an enigma. For years, the digital asset class has presented many opportunities for traders and investors, with the potential…
Revised Bill Proposes Jail Term for Russian Crypto Miners Evading Taxation
According to draft legislation currently being revised in Moscow, all Russia-based crypto miners will soon be required to report their income and submit to tax…
All You Need To Know About Web3 Games
Web3 games—also referred to as decentralized games—are a brand-new category of video games that use blockchain technology to let users buy, sell, and trade in-game…
Silicon Valley Bank Contagion – Which Crypto Companies Have Been Affected?
Following Silicon Valley bank’s (SVB) collapse, several crypto firms have reported their exposure to the financial institution, which for long has been one of the…
New York AG Sues KuCoin, Claims ETH is a Security
On Thursday, New York Attorney General Letitia James filed a lawsuit against the crypto exchange KuCoin for reportedly violating the stipulated securities and commodities policies….
Regulatory Authorities In Canada Introduce New Rules For Unregistered Cryptocurrency Trading Platforms
Regulatory agencies in Canada have issued a directive for the entities engaged in crypto trading to go through additional pre-licensing to get registered. The latest…
FCA Continues Crackdown on Illegal Bitcoin ATMs in East London
This week, the UK Financial Conduct Authority (FCA) announced that it had surveyed several areas in East London where illegal Bitcoin ATMs are suspected to…
Court Scrutinizes SEC Over Rejection of Grayscale Bitcoin ETF
On Tuesday, judges assigned to oversee Grayscale’s lawsuit against the US Securities and Exchange Commission (SEC) scrutinized the regulator, questioning its basis for rejecting Grayscale’s…
DOJ Pushes for Independent Investigation of FTX’s Downfall
The US Trustee appointed by the Justice Department in the bankruptcy case of the fallen crypto exchange FTX filed an appeal on Monday against Judge…
SBF Tells Court He Wants to Read Crypto News and Watch Netflix While Awaiting Trial
A document was delivered to the court by US Attorney Damian Williams requesting Federal Judge Lewis Kaplan to allow Sam Bankman-Fried, former CEO of now-bankrupt…
Coinbase CEO Says Firm’s Interests Align With the SEC
On Wednesday, Coinbase boss Brian Armstrong said that the exchange’s interests run parallel with those of the US Securities and Exchange Commission (SEC), the agency…
CoinFLEX Set to Sue Blockchain.com for Defaulting a $4.4M loan
Crypto exchange CoinFLEX has demanded Blockchain.com repay $4.4 million in FLEX coins or face legal action. According to the demand notice, the exchange claims it…
Proof-of-Reserves Audits Guide 2023 – All You Need To Know
As institutional and retail investors show more interest in digital assets, the options of getting custody of the assets are also growing simultaneously. Therefore, as…
Sri Lankan Central Bank Governor Says Adopting BTC Can Worsen the Economic Condition Of the Country
Tim Draper, an American billionaire, recently proposed the concept of Bitcoin adoption as a legal tender when he visited Sri Lanka. As per Draper, Bitcoin…
Binance Admits Regulatory Flaws, Negotiates With US Regulators
Binance Chief Strategy Officer Patrick Hillmann has confirmed that the exchange had some compliance problems two years after it started operations in 2017. Binance is…
SEC Hits NBA Legend Paul Pierce With a $1.2 million Fine Over Ethereum Max Scandal
US regulators continue to go after crypto players who are non-compliant with the stipulated laws. Yesterday, Paul Pierce, a former NBA player, became the Securities…
India Engages G-20 Members in Developing Standard Operating Protocols for Cryptocurrency
Legislators in India are holding dialogues with members of the G-20 to develop a suitable standard operating protocol (SoP) for crypto assets. The Indian Finance…
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