Crypto Regulation
Upbit Faces Regulatory Hurdles in South Korea Over KYC
South Korea’s Financial Intelligence Unit (FIU) has uncovered numerous violations of customer verification procedures during its review of Upbit’s license renewal application. Reports indicate that the FIU found between 500,000...
a16z Co-Founders Slam Biden’s Crypto Policies, Back Trump’s Vision
Following Donald Trump’s recent election victory, a16z co-founders Marc Andreessen and Ben Horowitz expressed hope for a more favorable regulatory environment under the new administration. In an interview on Wednesday,...
MakerDAO Backs DeFi Growth With $1 Billion Tokenized Treasury Bet
As discussions around potential U.S. regulatory changes gain momentum, Rune Christensen, co-founder of MakerDAO and Sky Protocol, suggested that the victorious Donald Trump could revolutionize decentralized finance (DeFi). According to...
Binance Files Motion to Dismiss SEC’s Amended Complaint
In the ongoing legal case between Binance, former CEO Changpeng Zhao, and the U.S. Securities and Exchange Commission (SEC), Binance’s legal team has filed a motion to dismiss the SEC’s...
3AC Founder’s Wife Sells $38.5 Million Singapore Mansion Despite Asset Freeze
The wife of the defunct Three Arrows Capital (3AC) founder, Zhu Su, has reportedly sold a mansion in Singapore for S$51 million (US$38.5 million). This sale occurred despite a court...
UK Crypto Community at Risk as Potential Capital Gains Tax Hike Looms
A potential hike in the UK’s capital gains tax rate could negatively impact Britain’s strong five million crypto community. Policy advisor Suzanne Morsfield from CryptoUK expressed concern that raising capital...
South Korea’s Virtual Asset Committee to Tackle Corporate Crypto Investment
South Korea, through its Financial Services Commission (FSC), announced that the newly formed Virtual Asset Committee will hold its first meeting on November 6. As an advisory group, the committee...
Trump Vows to Remove SEC’s Gensler, Supports Pro-Crypto Shift
Former President Donald Trump has publicly pledged to remove current SEC Chair Gary Gensler if he wins the 2024 presidential election, promising to appoint a more crypto-friendly regulator. This decision...
Pennsylvania Voter Fraud Scandal and Crypto Bill Ignite 2024 Election Debate
With the US election coming up, a voter fraud scheme in Pennsylvania has sparked a national debate. In Lancaster County, officials have unearthed thousands of fraudulent voter applications with identical...
Denmark to Become First Country to Tax Unrealized Crypto Gains
Denmark will become the first country to tax inactive gains from crypto investments. Starting 2026, Danish crypto investors may face a tax rate of up to 42% on unused capital...
Crypto Laws in U.S. Could Pass by Q2 2025 – Congressman French Hill
U.S. Congressman French Hill believes the government could introduce significant crypto regulations by Q2 2025. Speaking on the Thinking Crypto podcast, Hill explained that while the current Congress has laid...
Crypto Industry Eyes Trump’s Return as SEC Tightens Regulations
The crypto industry actively backs the 2024 US elections, hoping for a Donald Trump victory. This support stems from his campaign’s promise of a pro-crypto agenda. Meanwhile, regulatory scrutiny continues...
ESMA Recommends Changes to MiCA Crypto Regulation Standards
The European Securities and Markets Authority (ESMA) has addressed the European Commission’s proposed changes to the Markets in Crypto-Assets Regulation (MiCA) Regulatory Technical Standards (RTS). ESMA pointed out certain legal...
Dubai’s VARA: Striking the Right Balance in Crypto Regulation
Sean McHugh, a senior official with Dubai’s Virtual Assets Regulatory Authority (VARA), pushed back against the opinion that his agency is taking a “friendlier-than-usual” approach to crypto regulation. He stated...
Congressional Oversight Fails: Coinbase’s Legal Struggle with the SEC Raises Alarming Questions
Private litigants, such as Coinbase, find themselves in the unusual position of having to go to court to get clarity on the U.S. Securities and Exchange Commission’s (SEC) actions and...
Japan’s FSA Simplifies Crypto Rules for Non-Custodial Wallets
Japan’s Financial Services Agency (FSA) has said that non-custodial wallet services using authentication technology are not crypto asset trading businesses. This decision, made through the “gray area elimination system,” aims...
El Salvador’s Bitcoin Strategy Faces IMF Scrutiny
The International Monetary Fund (IMF) has asked the *Government of El Salvador to reduce the country’s exposure to Bitcoin (BTC), citing concerns about the nation’s Bitcoin legislation and widespread use...
Trump, Harris, and the Future of U.S. Crypto Regulation: What to Expect
The upcoming U.S. presidential election, with Donald Trump as the Republican frontrunner and Kamala Harris representing the Democrats after Joe Biden’s exit, serves as a turning point for the crypto...
Australian Police Crack Seed Phrase, Seize $9.5M in Crypto
The Australian Federal Police (AFP) seized $9.5 million in digital assets from the alleged mastermind behind an organized crime application called Ghost. The AFP-led Criminal Assets Confiscation Taskforce (CACT) arrested...
Investor Ditches UK for Switzerland’s Crypto Valley
Christian Angermayer, a leading investor, is leaving the UK for Switzerland. The entrepreneur cited Switzerland’s favorable cryptocurrency regulations and better business environment for digital assets as his reasons for relocate....
Dubai’s VARA Issues New Crypto Marketing Guidelines, Mandates Risk Disclaimers
Dubai’s Virtual Assets Regulatory Authority (VARA) has released new marketing guidelines for virtual asset firms, according to a Bloomberg report. The updated guidelines require stronger disclaimers about the risks of...
$125,000 Stolen From Crypto Exchange in Hong Kong, Two Men Caught
Hong Kong Police arrested two men in connection with a theft at a digital currency exchange shop in the Sham Shui Po district. The Sham Shui Po Police District Crime...
Silvergate Collapse: Did Warren and Biden Push the Bank to Fail?
The crypto industry saw the downfall of several crypto-friendly banks last year and according to a report from Pirate Wires, Massachusetts Senator and member of the Senate Banking Committee, Elizabeth...
Crypto Now Safer in South Korea Thanks to This New Foundation
South Korea’s Financial Services Commission (FSC) has given the green light to a foundation designed to protect users’ crypto assets. The Digital Asset Protection Foundation will safeguard assets in the...
Australia’s RBA Holds Steady on Rates, Optimism on Inflation Fight
The Reserve Bank of Australia (RBA) has held its interest rates steady for almost a year now, showing confidence in the country’s fight against inflation. Even with concerns about high...
