Crypto Regulation
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...
CFTC Commissioner Wants Industry Standard Regulation For Crypto
Caroline Pham, one of the four commissioners of the U.S Commodities and Futures Trading Commission (CFTC), has called for global industry standards in the regulation of the crypto industry. In...
NY County Sued over Approval of Crypto Mining Operation
Clean Air Coalition of Western New York and Sierra Club represented by Earthjustice, a nonprofit public interest environmental law organization, filed suit with the Supreme Court of Albany County. The...
Russia Partners with Iran to Build Stablecoin for Cross-border Trades
Russian news outlet Vedomosti reported that Iran and Russia are collaborating on a “token of the Persian Gulf region” to be used for payment in international trade. According to Alexander...
Thailand’s SEC Issues New Regulations For Crypto Custodians
The Securities and Exchange Commission (SEC) of Thailand has brought forward a new set of regulations for digital asset service providers in the country. The new rules are part of...
Coinbase Is Getting Sued; Return Everyone’s SGB and FLR Back
Hodl Law, a cryptocurrency law firm, has filed a lawsuit against Coinbase for its alleged failure to distribute Songbird (SGB) and Flare tokens (FLR) to its customers as promised. The...
EU Finance Ministers’ Group Wants Digital Euro to Offer Privacy
Eurogroup which is a group of Finance Ministers within the European Union (EU) have said that they want Digital Euro to offer privacy as well as transparency. As per the...
Regulate Crypto Like Banks: Japan’s Financial Services Agency
Following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange, Japan is calling on global regulators to treat cryptocurrencies with the same rigor as they do banks. Mamoru Yanase, the Deputy...
US House of Representatives Create New Cryptocurrency Committee
On Thursday, Congressman Patrick McHenry revealed that the U.S. House of Representatives has created a new congressional subcommittee that will work toward cryptocurrencies and other digital assets. The committee will...
RBI Governor Shares RBI’s Position: Crypto Should be Banned
The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, while addressing the Business Today Banking and Economy Summit on Friday, underscored RBI’s position, reiterating the significance of banning...
Crypto Lawyer: XRP vs SEC Settles Only After Judge Torres Decision
Blockchain lawyer John Deaton recently aired his prediction about the crypto industry this year. Deaton declared that the multi-year legal battle between the Ripple blockchain (XRP) and the US Securities...
Grayscale Set to File Next Brief in Ongoing Lawsuit with SEC
According to a tweet from Grayscale’s chief legal officer Craig Salm, the asset manager is set to file the next brief in its ongoing lawsuit with the United State Securities...
Thai Regulator Queries Zipmex CEO for Alleged Ilegal Operations
According to local media reports, the Thailand Securities and Exchange Commission (SEC) is determining whether the bankrupt Zipmex crypto exchange violated state regulations by offering some digital asset services. The...
Ripple Asks Court to Deny SEC’s Motion to Seal Hinman Documents
In a filing of Ripple’s response, the crypto firm has asked the court to deny the US SEC’s motion to seal the controversial Hinman documents. Ripple’s response came after the...
Thai SEC Launches SEC Crypto Academy, E-Learning Platform
The Thai Securities and Exchange Commission (SEC) has launched a new online e-learning course “SEC Crypto Academy”, a platform where investors are bestowed with an opportunity to learn adequately about...
NY Attorney General To Sue Former Celsius CEO For Defrauding Investors
Earlier today, New York Attorney General Letitia James’ Office tweeted a post wherein the Attorney General stated that she would be suing the former CEO of crypto platform Celsius, Alex...
Bank of France Head Stresses the Need for Strict Crypto Regulation
As the crypto winter starts melting away, the Bank of France’s Governor Francois Villeroy de Galhau stressed the need for strict regulatory frameworks for crypto firms. Galhau made this statement...
Ripple CEO Is ‘Cautiously Optimistic’ About Crypto Regulation
With an optimistic tone, Brad Garlinghouse, the CEO of Ripple, took to Twitter crypto space to address the regulatory clarity for crypto in the US. The CEO of Ripple expressed...
SEC Charges Cooper Morgenthau for Looting $5 million from SPACs
Cooper Morgenthau, the former Chief Financial Officer (CFO) of two Special Purpose Acquisition Companies (SPACs), SPAC-1 and SPAC-2, reportedly pleaded guilty to illegally amassing more than $5 million from the...
Bahamas Securities Commission says FTX CEO is Misleading the Public
The Securities Commission of the Bahamas has criticized the current CEO of FTX exchange, John Ray over statements concerning the seized digital assets of the embattled exchange. The commission faulted...
Crypto Trader Arrested for Fraud: Crypto Offers No Shield to Crimes
The latest tweet by the crypto analytic platform Bloomberg Markets showed that though crypto stays largely unregulated, it “offers no shield against alleged fraud”, referring to the arrest of the...
Crypto Influencer BitBoy Says ‘CBDC is already here, It’s $USDC’
Twitter influencer BitBoy warns the community about the circulation of $USDC, claiming that it is a central bank digital currency (CBDC). As part of Circle’s CEO Jeremy Allaire’s announcement, the...
