Crypto Regulation
U.S. Regulators Reassure SIVB Depositors Over Safety of Funds
U.S. Regulators have released a joint statement over Silicon Valley Bank dissolution. The regulators assured that the taxpayer will bear no losses over the bank’s…
The US Risks Losing Out on Leading the Web3 Revolution: Crypto Lawyer
Crypto lawyer said crypto suppression in the US could draw the country behind. Previously, Senator Brown blamed Silvergate Bank's insolvency on crypto's volatility. Silvergate took…
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
The FDIC said depositors would have access to their insured deposits. Silicon Valley Bank has over $209 billion in assets and $175.4 billion in total…
US Judge To Decide if SBF Should Suffer Any Bail Restriction
A US court will determine the bail conditions of the FTX founder today. Previously, the court worried that SBF was communicating via untrackable means. FTX's…
Regulators Caution Crypto Investors on “Proof of Reserve” Reports
The Public Company Accounting Oversight Board (PCAOB) has cautioned investors about relying on "proof of reserve" reports. The PCAOB emphasized these reports are not audits…
Indian Finance Ministry: Crypto Trading Is Now Subject to AML Laws
Indian Finance Ministry said crypto trading is now subject to money laundering laws. The AML regulation comes after multiple crypto-related scandals. Previously, India imposed a…
Thailand Implements Tax Relaxation on Digital Token Companies
The Thai government announced that the crypto companies issuing digital tokens would be excluded from crypto tax. Rachada Dhnadirek pointed out that the companies could…
UK Focuses on Consumer Protection, Novel Crypto Regulations
The United Kingdom and the European Council have introduced new crypto regulations over the past few weeks. The regulations including the financial promotion of stablecoins…
Singapore Police Probe Against Do Kwon Garners Public Attention
Singapore`s probe against Terraform Labs is gaining attention in the community. Kwon is currently under investigation in Singapore and South Korea. Last year, Kwon used…
Australia’s Substantive Crypto Regulation Could Wait Until 2024
Australia's substantive crypto regulation cannot be achieved earlier than 2024. The government plans to release consultation papers in the second quarter of 2023. Perceived delay…
