Crypto Regulation
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...
Hong Kong’s Privacy Protection Agency Launches Investigation Into Worldcoin
The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has investigated Worldcoin. According to local reports, the government agency entered six Worldcoin offices in Yau Ma...
Judge Moves to Limit Length and Scope of New FTX Bankruptcy Probe
US Bankruptcy Judge John Dorsey, the judge overseeing the FTX Chapter 11 proceedings, has moved to restrict the scope and expense of a fresh independent investigation in the crypto exchange,...
Court Denies Changpeng Zhao’s Fourth Attempt to Flee the US: Report
According to a recent court filing, Changpeng Zhao, the former CEO of Binance, has been prohibited from traveling to his home in the United Arab Emirates. Despite guaranteeing his Binance...
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,...
