Crypto Regulation
Prosecutors Request Detention of ACE Exchange President Amid Fraud Probe
Taiwanese prosecutors have taken a significant step in the ongoing investigation into alleged fraud and money laundering at ACE Exchange. They have requested the Taipei District Court detain Chenhuan Wang,...
SEC Commissioner Says ETH ETFs May See Approval Without Going to Court
Hopes of an easier road to approval for spot Ethereum exchange-traded funds (ETFs) have risen following a statement from US Securities and Exchange Commission (SEC) commissioner Hester Pierce. In an...
Senator Elizabeth Warren’s Opinions Face Backlash From X’s “Community Notes”
Senator Elizabeth Warren got “community noted” after claiming nations were using cryptocurrencies to dodge United States sanctions. Community notes on X were introduced to “create a better informed world,” according...
Online Pastor Admits to Pocketing $1.3M Crypto Fund, Awaits Lord’s Miracle
An online pastor and his wife, facing charges of selling “worthless” cryptocurrency, admitted to pocketing $1.3 million but claim they’re relying on a divine miracle to resolve the financial mess....
Breaking: Chapter 11 or Exit Scam? The Murky Future of TerraUSD and Luna After Bankruptcy
Terraform Labs, the once-prominent crypto exchange whose collapse in 2022 triggered the protracted crypto winter, has recently filed for Chapter 11 bankruptcy in the US court. According to a filing...
Ripple Asks Court to Dismiss The SEC’s Motion to Compel
Ripple has filed to oppose the U.S. Securities and Exchange Commission’s (SEC) motion to compel. According to Ripple, the SEC failed to make its requests while fact discovery was open....
Court Reschedules Binance-SEC Court Hearing for Monday: Report
The Binance-SEC court hearing has been rescheduled for January 22 (Monday) at 10.00 AM. EST due to extreme weather conditions. MartyParty draws parallels between the upcoming Binance-SEC hearing and the...
EU Cracks Down on Crypto With Stricter Anti-Money Laundering Rules
The crypto sector is bracing for stricter anti-money laundering (AML) regulations as the European Union tightens its net on financial crime. As part of a comprehensive AML package, the Council...
Supreme Court Hears Argument for Congressional Action on Crypto
In a recent argument heard in the Supreme Court, attorney Paul D. Clement highlighted the need for congressional action to address cryptocurrencies. The statement, which was shared by Ripple CTO...
Breach Breakdown: SEC’s X Hack Raises Questions on Cybersecurity Investments
Amidst the recent hack of the U.S. Securities and Exchange’s (SEC) X handle, the Office of the Inspector General’s investigation is underway. Recent developments, however, shed light on the agency’s...
MAS Strikes Again: imToken Wallet Joins Binance on Warning List
The Monetary Authority of Singapore (MAS), the central bank in the country, has added the popular crypto wallet imToken to its warning list, cautioning crypto enthusiasts about engaging with the...
Analyst Insights on Diverse Rulings- Ripple’s XRP and Terraform’s LUNA
Judge Jed S. Rakoff ruled Terraform Labs’ four tokens, including LUNA and UST, as unregistered securities. Attorney Rispoli commented that XRP would have also been deemed a security if Judge...
Bulgarian Prosecutor Closes Case Against Nexo For Lack of Evidence
The Bulgarian Prosecutor’s Office has closed its investigation into Nexo. According to reports, the case against Nexo was closed due to lack of evidence. In January 2023, the prosecutor alleged...
SEC ‘Regrets’ Misleading Statements in DEBT Box Case, Coinbase CLO Skeptical
SEC ‘Regrets’ Misleading Statements in DEBT Box Case, Coinbase CLO Skeptical
UAE’s FSRA Strengthens Crypto Regulations in Latest AML Update
The Financial Services Regulatory Authority (FSRA) in the United Arab Emirates has issued updates to its Anti-Money Laundering (AML) and Sanctions Rules and Guidance, referred to as the AML Rulebook....
El Salvador’s Volcano Bond Acquires Regulatory Approval: Report
The Volcano Bond, El Salvador’s long-anticipated Bitcoin bond, has acquired regulatory recognition from the Digital Assets Commission. The bond is expected to be launched in the first quarter of 2024,...
Enforcement Decree for Crypto Protection Act Underway in South Korea
The South Korean government has taken a decisive step towards safeguarding virtual asset users and ensuring a secure trading environment in the crypto market. Under the Financial Services Commission, South...
Will the Federal Reserve Implement Further Tightening Policies?
The crypto community is anticipating a volatile week ahead considering two catalytic events, the US CPI Report and the FOMC meeting. While the US Consumer Price Inflation report for November...
Europe’s Adoption of AI Regulations Becomes a Historical Achievement
The European Union has become the first major world power to adopt phenomenal rules to regulate Artificial Intelligence (AI). Following 36 hours of “marathon talks,” the Council Presidency and the...
Congressman Grills SEC Representative on Crypto Regulation and Clarity
In a recent congressional hearing, U.S. Congressman Tom Emmer engaged in a heated exchange with Valerie Szczepanik, the Head of the Strategic Hub for Innovation and Financial Technology at the...
The Current US Crypto Regulatory System is Unworkable: Expert
According to Austin Campbell, founder and managing partner of Zero Knowledge Consulting, the current regulatory system for practitioners in the digital assets industry is unworkable. Campbell stated this while testifying...
India Unveils AML and CFT Rules Applicable to Overseas Exchanges
The Indian government, under the Ministry of Finance, has tackled the regulation of overseas crypto exchange platforms and Virtual Digital Assets (VDAs) catering to Indian users. Per a disclosure from...
Here Are Top Instances US Court Accused SEC of Hypocrisy, Inconsistencies
Recently, the U.S. court ordered the SEC to explain why it should not be sanctioned for making false and misleading representations to the court. The court previously accused the SEC...
Crypto Industry Should Self-Police, Says Kraken Co-founder
Following the recent $4.3 billion fine imposed on Binance by the U.S. Department of Justice and a lawsuit from the U.S. Securities and Exchange Commission (SEC) against Kraken, co-founder Jesse...
Will the SEC Intervene in FTX’s Mission to Liquidate Assets?
The crypto community has been abuzz with the Securities and Exchange Commission’s (SEC) increasing scrutiny of crypto companies. However, Parrot Capital, a popular voice in the crypto space, recently shook...
