Crypto Regulation
Expect More Regulatory Actions in Coming Weeks, Warns Policy Expert
Director of Government Relations at Blockchain Association Ron Hammond took to Twitter to express his displeasure at the latest regulatory events in the crypto space. “It may be Valentine’s Day...
“Oranges Are Becoming SEC’s Target,” Tweets Crypto Influencer
Crypto influencer Ben Armstrong takes a jab at the SEC’s recent actions in his latest tweet. In particular, he is citing SEC’s lawsuit against Binance stablecoin BUSD. Wrapping his discontent...
SBF Hides his Online Activities: US Attorneys Share Concerns
The disgraced former CEO of the crypto exchange FTX, Sam Bankman-Fried has reportedly been using a virtual private network to access the internet during two recent situations. Consequently, the US...
SEC Orders to End Issuance of BUSD: Crypto Community Shudders
According to recent expositions, the non-adhesive crypto regulations administered by the US authorities had heavily impacted the digital sector. In specific, the SEC-Paxos Lawsuit pushed the community to be immersed...
NYDFS’ Crackdown On Paxos May Be Prompted By Circle’s Complaint
The intensified regulatory crackdown against Paxos and its crypto offerings may not have anything to do with their security status, as claimed by regulators. A lawyer recently took to Twitter...
NYDFS Orders Paxos To Stop Issuing Binance USD Stablecoin
The New York Department of Financial Services (NYDFS) has reportedly ordered Paxos to stop mining new Binance USD (BUSD) stablecoins. The order to stop issuing BUSD comes just hours after...
BUSD Issuer Paxos Faces SEC Lawsuit Over Binance Stablecoin
Paxos Trust Company, the issuer of the world’s third-largest stablecoin, is reportedly facing a lawsuit from the Securities and Exchange Commission (SEC). According to a recent report, the crypto firm...
G20 Group Takes Up Crypto Regulation; Says Finance Minister
Nirmala Sitharaman, the Finance Minister of India, during a meeting with the Reserve Bank of India’s Central Board of Governors on Saturday, told that the G20 Group, the intergovernmental forum...
“Gary Gensler To Control All Of Crypto,” Reveals Terrett
Fox Business journalist Eleanor Terrett, reveals in her latest tweet that Gary Gensler, U.S Securities and Exchange Commission Chair, is attempting to control all of crypto overnight. Earlier today, Terrett...
Finance Minister and IMF MD Talk about Global Crypto Regulation
During a virtual conversation with Kristalina Georgieva, held on February 9, the Managing Director of the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman, proposed to the multilateral funding agency...
Former SEC Chair Calls for Scrapping SEC’s Climate Rule
Former Security Exchange Commission (SEC) Chairman Jay Clayton joined a panel discussion on CNBC’s Squawk Box regarding SEC’s decision to consider softer regulations for climate disclosure. Squawk Box tweeted the...
Defunct Crypto DEX Etherdelta Still Holds $42M in Customer Assets
Conor Grogan, a director at Coinbase, one of the leading crypto exchanges, updated the crypto community about a decentralized exchange (DEX) that phased out of the market with many people’s...
Australian Government Changes Financial Structure To Regulate Crypto
Avoiding an “exhaustive, bespoke taxonomy” for cryptocurrencies, the Australian government has adopted a framework that separates cryptocurrency into public networks or smart contracts on the one hand, and intermediaries or...
India States IMF is Working with G20 for Crypto Regulation plan
According to the latest reports, India revealed that the International Monetary Fund (IMF) is working with G20 on a framework that would define crypto regulations. On Thursday, Economic Affairs Secretary...
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...
