Category: Regulation
Cryptocurrency Regulation News
Paxos Ends BUSD Minting as SEC Plans to File Lawsuit
The Securities and Exchange Commission (SEC) has revealed that it’s going after Paxos, the issuer of Binance USD (BUSD), the third-largest stablecoin. According to the…
Blockchain Association Director Calls on IRS to Focus on CEXes
In November 2021, President Joe Biden signed a bipartisan infrastructure plan into law. Through it, he established a new tax rule that defined a broker…
Ripple’s Native Crypto XRP Records the Highest Trading Volume On Australian Crypto Exchanges
Ripple has witnessed an exclusive landmark in Australia as its local XRP token has recorded the top trading volumes across the exchanges. Keeping this in…
Dubai has a New Regulatory Framework for Crypto Firms
On Thursday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced a new rulebook meant to regulate the crypto industry. This move forms part of Dubai’s wider…
Moonstone Bank Is Going To Exit the Cryptocurrency Space
Moonstone Bank, a Washington-based banking institution, is considering leaving the crypto world. The rural bank had received an approximate $11.5M worth of investment from Alameda…
FTX Demands Politicians to Return Donations, May Sue to Recover Money
In a statement on Sunday, FTX informed all politicians who received millions of dollars in donations from former CEO Sam Bankman-Fried and other executives that…
Russia And Iran Plan To Issue A Gold-backed Stablecoin
Iranian central bank is reportedly collaborating with the government of Russia to mutually launch a unique crypto supported by gold. The authorities in Iran are…
What Is Crypto Spot Trading?
Crypto assets have been widely adopted and grown in the financial market since their inception. Several traders all around the world have started to upgrade…
Logan Paul Faces Rug Pull Lawsuit in Connection to CryptoZoo NFTs
Online influencer Logan Paul and CryptoZoo, an NFT project, have been accused of executing a rug pull in a new lawsuit. CryptoZoo was launched in…
Tim Draper’s Bitcoin Pitch to Sri Lanka’s Central Bank Flops
Tim Draper, a Bitcoin fan and billionaire investor, recently visited the central bank of Sri Lanka in an attempt to push the adoption of the…
El Salvador’s Securities Bill Allows BTC Bonds
El Salvador has moved forward in its journey toward approving its bill dealing with digital securities. The bill will permit the issuance of Bitcoin bonds….
A New York Firm Starts Investigating Core Scientific For Securities Fraud
Pomerantz LLP, a New York-based law company, has started an inquiry against Core Scientific. The company considers that core Scientific has been potentially engaged in…
SEC Filing Shows Tesla Suffered $135M BTC Loss
According to its filing with the US Securities and Exchange Commission (SEC), Tesla, an electric car manufacturer, registered a $135 million impairment charge stemming from…
OneCoin Founder Reappears After Hiding for Five Years
Ruja Ignatova, the OneCoin founder, has resurfaced after disappearing from the public for over five years. It is alleged that late last week, Ignatova submitted…
SEC Chair Explains Three Ways to Identify a Crypto Scam Project
Many find it difficult to spot a crypto scam, but the Securities and Exchange Commission (SEC) Chairman Gary Gensler says it’s easier than it might…
White House Accuses Congress of Failing to Establish Crypto Regulations
On Friday, the White House blamed Congress for delaying the establishment of a comprehensive regulatory framework that would help US regulators flush out all the…
Senator Ted Cruz Advocates for Bitcoin Payments at the Capitol
On Thursday, Senator Ted Cruz tabled a proposal in the Senate advocating for vendors within the Capitol to start accepting crypto payments. This shows how…
Senator Elizabeth Warren Claims Crypto Players are Scared of a Strong SEC
On Wednesday, Senator Elizabeth Warren had a strong message for all stakeholders in the crypto industry. Warren called on the US Securities and Exchange Commission…
FBI Confirms North Korean Group Behind $100M Harmony Exploit
On Monday, the Federal Bureau Of Investigation (FBI) announced it had established that Lazarus Group was involved in the last June’s Harmony Protocol attack that…
The US Regulators Want You to Know They’re Getting Tougher on Crypto
US Justice Department announced on Wednesday that it would conduct a press conference at mid-day to declare what it termed an international crypto enforcement action….
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