Crypto Regulation
Thai Regulators Reference Binance and Bybit in Asia’s Crypto Crackdown
The Thai Securities and Exchange Commission (SEC) is intensifying its crackdown on unauthorized digital asset service providers. SEC Secretary-General Pornanong Busaratrakul announced that the commission actively blocks access to these...
EU Sets Crypto AML Standards: Here Is What You Need to Know
On April 24, 2024, the European Parliament approved new regulations targeting money laundering within the cryptocurrency sector. These rules impose mandatory due diligence and identity verification for customers. They apply...
Philippines SEC Orders Binance from App Removal From App Stores
The Securities and Exchange Commission (SEC) of the Philippines has directed Google and Apple to remove the Binance app from their respective app stores. A press release by the SEC...
Hong Kong Police Act Swiftly Against $403m Crypto Exchange Fraud
After months of inactivity, Hong Kong police authorities have begun to freeze assets totaling over US$29 million associated with JPEX, a crypto exchange that collapsed in September 2023. In another...
Thailand Regulators Crack Down on Rogue Crypto Exchanges
The Securities and Exchange Commission (SEC) announced Thailand’s decision to block unauthorized cryptocurrency platforms, indicating a notable change in its regulatory approach to digital assets. The goal is to strengthen...
Justin Sun Faces SEC’s Allegations Over Extensive Travel Across the US
The regulators allege that Sun traveled extensively across the US for business trips. Reinforcing their claims, the SEC argues that TRX and BTT were promoted and sold to investors across...
SEC’s Approach to Crypto Ambiguous; Debate Among Industry Leaders
Ladan Stewart, a former SEC crypto litigation leader argued that the SEC’s determination of whether a cryptocurrency is a security is contingent upon the context of its offering and sale....
US Lawmakers Bring New Stablecoin Bill to Bring Clarity to the Crypto Space
Junior United States senators from New York and Wyoming, Kirsten Gillibrand and Cynthia Lummis have introduced a new stablecoin bill in the country to bring clarity in the digital asset...
FTX Co-Founder SBF Appeals 25-Year Sentence for Fraud Conviction
Sam Bankman-Fried, the co-founder of FTX cryptocurrency exchange has launched an appeal against his 25-year prison sentence following his conviction for fraud. Bankman-Fried’s legal team, led by defense lawyer Marc...
Crypto Clash: Pro-XRP Lawyer Slams Senator Warren’s Regulatory Stance
Tailored regulations for each blockchain are crucial for fostering innovation while managing risks. The debate between policymakers and crypto advocates highlights the complexities of regulating the industry. Effective crypto regulation...
What Does the Election Mean for Crypto Investors in South Korea?
South Korea’s April 10 legislative elections could reshape its political and crypto landscape. President Yoon’s PPP and the DPK vie for control amid rising crypto policy influence in politics. Over...
US Treasury Seeks Tighter Crypto Regulation Over National Security Concerns
Adeyemo highlights the urgency of regulating digital currencies due to national security risks. Political opposition challenges push for broader crypto regulations. State actors exploiting digital assets underscore the geopolitical complexity...
Inside “ETH Gate”: Ethereum’s Battle with Regulation
In a recent development that has caught the attention of the cryptocurrency community, James O’Keefe, an analyst known for his investigative journalism, has raised significant concerns regarding Ethereum. Termed the...
SEC’s Advocates for Clear Crypto Regulations and Investor Safety
Gurbir Grewal, the SEC’s Division of Enforcement chief, at the SEC Speaks conference, articulated a persuasive argument for the necessity of stringent regulatory measures in the crypto space. He highlighted...
KuCoin Defies Legal Turmoil, Returns to Indian Play Store Amidst DOJ and CFTC Battles
The return of KuCoin to the Play Store in India despite recent legal issues marks a significant development for Indian crypto investors. Despite facing charges from the U.S. Department of...
Senate Member Raises Concerns Over SBF Case and Alleged Political Connections
U.S. Senate member and famous legal figure John Deaton, has raised a series of questions surrounding the recent sentencing of Sam Bankman Fried (SBF). Deaton also made comments on the...
Justin Sun’s Tron Requests Court to Dismiss the SEC Lawsuit
Justin Sun’s Tron Blockchain has recently approached the New York Federal Court to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The platform requested the court to...
U.S. Judge Upholds The Fed’s Action to Deny Custodia Bank Master Account
A judge in the U.S. District Court of the District of Wyoming ruled against Custodia Bank in its lawsuit against the Federal Reserve. The bank had filed to challenge the...
Lebanon Money Exchanger Blacklisted for Hezbollah Crypto Wallet Scheme
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against six entities based in Liberia, India, Vietnam, Lebanon, and Kuwait. Per the announcement, the...
Hong Kong’s New Crypto Policies Tackle Illicit OTC Crypto Trade
Hong Kong has reportedly initiated the implementation of stringent regulatory norms restricting over-the-counter (OTC) providers in an attempt to reduce illicit crypto trading activities. Chengyi Ong, APAC policy head at...
Former Binance CEO CZ Ordered to Surrender Canadian Passport and all Travel Docs
The legal saga surrounding former Binance CEO Changpeng Zhao (CZ) takes a new turn as U.S. prosecutors push for more stringent travel restrictions ahead of his sentencing. The United States...
Blockchain and Crypto Have Taken Steps Towards Regulatory Clarity: Pantera
Pantera Capital Management, an American hedge fund focused on digital assets, recently published an open letter addressing the state of the blockchain and crypto industry. In the letter titled “The...
UK Fast-Tracks Crypto Regulations – Stablecoins and Staking in Focus
The UK government aims to fast-track the approval of new regulations governing stablecoins and staking services for crypto assets within the next six months. During an event hosted by renowned...
U.S. SEC Seeks $1.8M Settlement for Fraud Crypto Trading Course
The U.S. Securities and Exchange Commission (SEC) has announced a settlement with alleged fraud entities Brian Sewell and Rockwell Capital Management. The settlement resolves charges from a scheme that preyed...
India’s Prime Minister Modi Urges Countries to Collaborate in Fighting Cyber Threats
Indian Prime Minister Narendra Modi has appealed for international cooperation in dealing with contemporary challenges such as cyber threats and cryptocurrencies. Modi appealed during the Commonwealth Legal Education Association and...
