Crypto Regulation
Australian Regulator Sues eToro Exchange for Breaching Obligations
Australian Securities and Investments Commission (ASIC) has taken a decisive step by initiating legal proceedings in the Federal Court against the local arm of the eToro crypto exchange, eToro Aus...
Nomura Subsidiary Laser Digital Awarded Crypto License in Dubai
Laser Digital, a subsidiary of Nomura Holdings, has received a full crypto license (VASP license) in Dubai. The license is issued by Dubai’s regulatory body known as the Virtual Asset...
Ripple CLO Accuses Terra Judge of Misreading XRP Ruling
In the wake of the recent ruling in the Terra case, Stuart Alderoty, the Chief Legal Officer (CLO) at Ripple, has come forward to clarify that the decision has no...
‘Questionable Legalities’ French Watchdog On Worldcoin Project
Worldcoin’s biometric data collection raises concerns and faces legal scrutiny by privacy regulators. Users are providing iris scans for 25 free Worldcoin tokens, attracting millions globally. France’s CNIL initiates investigations,...
US Congress Set To Vote On 5 Crypto Bills This Week
The United States Congress is set to vote on five bills this week that will dictate the regulation of the country’s crypto industry. Crypto experts have underscored the importance of...
Can Congress Establish Regulatory Structure For Crypto Industry?
On July 26, Reuters reported that this week, a significant congressional committee is scheduled to vote on several bills aimed at establishing a regulatory structure for crypto. Through this voting,...
U.S. Regulatory Circus Continues as Senator Flip Flops on Crypto U.S.
United States’ Senator Cynthia Lummis took to Twitter earlier to voice her opinion on the recent Ripple decision. She stated, “The Ripple decision has reinforced the need for Congress to...
South Korea Launches Crypto Crime Task Force to Tackle Rising Scams
South Korea has taken a decisive step to combat the escalating wave of crypto crimes by launching an interagency investigation unit called the Joint Investigation Centre for Crypto Crimes. According...
Regulatory Uncertainty Casts Shadows on Wall Street’s Crypto Journey
Digital-asset market grows to trillion-dollar value, intensifying Wall Street’s custody service competition. Nasdaq suspends crypto-asset custodian launch, citing regulatory uncertainty. Societe Generale obtains a license, while Schroders seeks a crypto...
TUSD Archblock Ex-CEO Sues Colleagues for Forcing Him Out of Business
Archblock’s co-founder filed a lawsuit alleging he was forced out of his firm. The lawsuit also centers on the breach of security laws regarding SAFTs. Despite ownership change, Archblock continues...
Deaton Says There May Be Some Evil Lurking in the Proposed US Crypto Act
The much-anticipated moment has arrived as the United States made its long-overdue entry into the digital asset regulation game. In response to the ‘Financial Innovation and Technology for the 21st...
Kuwait Bans Citizens From Engaging in Crypto-Related Activities
Regulatory authorities in Kuwait have banned the use of cryptocurrencies and virtual assets. The country’s top regulators issued a joint address via a circular. They warned the citizens of Kuwait...
Circle CEO Jeremy Allaire Urges Politicians To Regulate Stablecoins
Jeremy Allaire, the Chief Executive of Circle Internet Financial, recently put out a video message urging lawmakers in the United States to take crypto regulation seriously. Allaire underscored the need...
LBRY’s Case Exposes Gaps in SEC’s Approach to Crypto Regulations
In a surprising turn of events, the recent legal battle between decentralized content distribution platform LBRY, Inc. and the Securities and Exchange Commission (SEC) reached its conclusion without addressing a...
G20 Ministers To Advice On Crypto Regulation: Indian Economic Affairs Head
Earlier today, Business Standard reported that reports and findings on crypto regulations will be shared with G20 finance ministers and central bank governors. According to India’s Secretary of the Department...
EBA Publishes Stablecoin Issuance Guidelines Under MiCA Regulation
The European Banking Authority (EBA) has announced in place some recent regulations in the interest of risk management and consumer protection. As part of “guiding principles,” the EBA has advised...
Leading Crypto Lawyers Split Over Judge’s Ruling in SEC v. LBRY
John E Deaton, an XRP lawyer and managing partner of Deaton Law Firm shared an optimistic take on a recent ruling in the SEC-LBRY case. The XRP attorney argued that...
U.S. Crypto Lobbyists Push Lawmakers For Favorable Legislations
Crypto lobbying and advocacy groups in the United States have turned up pressure on lawmakers. The lobbyists are pushing for crypto-friendly legislation in the interest of regulatory clarity. The push...
XRP Army Can Predict SEC Replies to Coinbase in Advance, Lawyer Mocks
Pro-XRP lawyer Bill Morgan dismisses reading the SEC’s response to Coinbase. Morgan claims the Ripple community was already familiar with such arguments. Paul Grewal criticizes the SEC for neglecting its...
Expert Bids $1k for DCG’s Intellectual Property, Brand Amid Lawsuit
Crypto analyst offers $1k for DCG’s IP and brands. Gemini files a lawsuit against DCG and its founder Barry Silbert. The suit accused them of orchestrating a massive fraud scheme....
Singapore Regulator Orders Exchanges To Keep Customer Assets In Trusts
MAS ordered Singapore-based crypto firms to keep customer assets in trust by the end of 2023. Reportedly, the government claimed that custodial independence is required for customer asset protection among...
Thai SEC Introduces New Rules for Digital Asset Providers
Thailand’s SEC introduces regulations prioritizing investor protection in digital asset services. Clear risk warnings are mandated for cryptocurrency traders, noting the potential loss of investment. Restrictions are imposed on deposit...
Critics Accuse SEC of Delays, Political Influence in Crypto Regulations
In a recent series of tweets, renowned pro-XRP lawyer Bill Morgan expressed frustration over the lack of regulatory clarity in the crypto industry, highlighting two prominent cases involving Dash and...
Slovakia Eases Crypto Tax Burden with Clear Legislation
Slovakia has recently made headlines with the passing of a bill that significantly reduces the tax burden on cryptocurrencies. The new legislation, set to take effect on January 1, 2024,...
Do Kwon Sentenced to Jail and South Korea Tightens Crypto Laws
South Korea has recently approved its first independent digital-asset bill aimed at enhancing investor protection. In related news, Do Kwon has been sentenced to jail for four months after attempting...
