Crypto Regulation
Australia Seeks to Add More Tools to Police the Crypto Sector
In the aftermath of the worldwide collapse of the FTX exchange, Australia has revealed its intentions to provide its authorities with extra resources, including increased personnel for the Securities Commission...
FASB Sets New Laws on Crypto Accounting and Disclosure
The Financial Accounting Standards Board (FASB) put forward a proposal to introduce new rules on cryptocurrency, especially on accounting and disclosure. According to the new rule, crypto exchanges and crypto-related...
UK Government Aims to “Robustly” Regulate the Crypto Industry
The UK government is all set to introduce measures that would bring the crypto industry under the umbrella of mainstream financial regulations, following last year’s catastrophic crashes of crypto exchange...
U.K. Moves Ahead with Bringing Crypto Industry Under Regulation
To curb the shady dealings that surfaced in the cryptocurrency market last year and ultimately led to FTX‘s bankruptcy, the U.K. government has reportedly outlined measures to regulate the sector....
Policy Experts Warn SEC Could Possibly Get More Ferocious
Sheila Warren, the CEO of the Crypto Council for Innovation, and Miller Whitehouse-Levine, Policy Director at the DeFi Education Fund, believe that there will be landscape changes in the aftermath...
Panama’s Supreme Court Set to Decide on Crypto Legislation
The future of Panama’s cryptocurrency industry is now in the hands of its Supreme Court as the “crypto bill” passed last year is being reviewed. President Laurentino Cortizo submitted the...
Virtual Currency Tracking System: South Korea’s Crypto Regulation
South Korea’s Ministry of Justice announced on January 26, 2023, that the authority has decided to introduce a “Virtual Currency Tracking System,” adding to the series of crypto regulatory acts...
Indian Crypto Community Hopes for Tweaks in Crypto Regulations in 2023
The crypto community in India has been anxiously awaiting the Union Budget 2023-24 which is expected to be presented by Finance Minister Nirmala Sitaraman on February 1, 2023, in the...
FBI Infiltrates Hive Network, Foils $130M in Ransom Demands
On Thursday, the Federal Bureau of Investigation (FBI) issued a statement announcing its success in seizing the ransomware group, Hive Network. The agency saved 300 victims, preventing them from paying...
SEC Chief Gary Gensler Supports Re-proposed Securitization
Gary Gensler, Chairperson, U.S. Securities and Exchange Commission (SEC), states he supports the re-proposed rule. He writes in a tweet, “It fulfills Congress’s mandate to address conflicts of interests in...
Genesis Sues Roger Ver for $20M for Unpaid Crypto Options
Roger Ver, the self-proclaimed World’s first Investor in Bitcoin startups, has been summoned to pay Genesis over $20 million in damages for the latter’s loss caused due to his failure...
Grayscale Vs SEC: DC Fast-Tracks Verbal Arguments In The Lawsuit
The District of Columbia Court of Appeals has declared that it wants to fast-track verbal arguments in Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) to get a speedy...
Aussie Minister: No need to Set Up Separate Regulation for Crypto
According to an Australian press, Stephen Jones, an Australian financial services minister, said there are compelling justifications for recognizing some cryptocurrencies as financial products under the law. The minister noted...
Cryptocurrency Can Fail World Economic Forum’s ‘Great Reset’
WEF’s annual industry meetup, Davos 2023 will discuss the Great Reset strategy which aims to homogenize the global financial markets as a part of its wider plan. However, US crypto...
Former SEC Chief John Reed Lashes Out at ‘Big Crypto’ for Catchphrase
John Reed Stark, President of John Reed Stark Consulting and former SEC Chief, took to his newsletter to lash out at ‘Big Crypto’, the well-funded and organized group of crypto...
John E Deaton Responds to Martin Hiesboeck and Matt Hamilton
John E Deaton, the Managing Partner of the Deaton Law Firm and the founder of the US Legal and Regulatory News for Digital Assets, CryptoLaw, tweeted on the specifications of...
Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing
Barely hours after Genesis Global filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, two of the crypto lender’s top ten creditors...
SEC Charges Avraham Eisenberg for Stealing Cryptos Worth $116 M
The United States Securities and Exchange Commission (SEC) has charged Mango Markets manipulator Avraham Eisenberg for stealing crypto assets worth $116 Million. As per the press release, Eisenberg has allegedly...
Put Crypto Regulation in the Proper Perspective: Ripple CEO
The Ripple CEO, Brad Garlinghouse has called for crypto regulation to be in the proper perspective. He said this across multiple interviews at the 2023 World Economic Conference, Davos 2023....
Crypto Has a Major Role in UAE’s Global Trade; Says Al-Zeyoudi
At the World Economic Forum’s (WEF) annual summit at Davos, Switzerland, Thani Al-Zeyoudi, the UAE’s Minister of State for Foreign Trade declared that crypto would have a crucial role in...
“Technology Didn’t Commit Fraud,” Says Circle CEO Jeremy Allaire
Bloomberg TV quoted Circle CEO Jeremy Allaire in a tweet where he says “The technology didn’t commit fraud” regarding the recent crypto turmoil. Allaire was attending a panel discussing the...
New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans
The blockchain firm Chia Network has announced that it wants to accelerate its IPO plans, as former COO Gene Hoffman steps in as a new CEO. Hoffman released a statement...
‘Crypto is Harmless,’ Says Indian IT Minister Rajeev Chandrasekhar
Rajeev Chandrasekhar, the Indian Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship addressed the gathering at the ITech Law International Conference 2023 held in Bengaluru,...
Ransomware Revenue Falls by 40% as Majority of Victims Refuse to Pay
The illegal revenue accruing to crypto criminals from ransomware exploits declined in 2022 as more victims refused to pay, according to recent data published by market intelligence firm, Chainalysis. The...
Crypto Media House CoinDesk Taps Bankers to Explore Potential Sale
According to the latest reports, Crypto Media House, CoinDesk have hired investment bank Lazard as it explores the potential sale of its business. The decision comes in light of the...
