The American Securities Association (ASA) filed a lawsuit against the Securities and Exchange Commission (SEC) for alleged lack of transparency. The lawsuit underscores the ASA’s frustration over the SEC’s opaque...
Deutsche Bank, Germany’s largest bank, and Vienna-based crypto platform Bitpanda, have partnered in a move that marks a significant step in integrating traditional banking with the crypto market. Bitpanda users...
Coinbase slams the SEC, claiming that its regulatory policies destroy the crypto industry. The platform asserts that the SEC hasn’t taken the initiative to frame convenient regulatory policies. The exchange...
Hong Kong’s “Technology Crime Police Advisory Group” identifies stigmatization as a key challenge in fostering Web3 growth in the region. The group asserts that inaccurate labeling of web3 concepts like...
Former SEC regional director Marc Fagel has criticized the U.S. Securities and Exchange Commission for repeatedly falling short in rapidly evolving sectors. Fagel attributed this persistent issue to the commission’s...
Bitcoin advocate Samson Mow welcomes the growing political interest in cryptocurrencies, but warns against a one-size-fits-all approach to regulation. Mow fears that a lack of distinction between Bitcoin and other...
OKX, the Seychelles-based cryptocurrency platform, has withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong, citing a reassessment of its business strategy. The exchange announced...
Former Speaker of the House Nancy Pelosi is reportedly contemplating support for a Republican-led crypto bill. The bill in question is the Financial Innovation and Technology for the 21st Century...
Two senior House Democrats, Representatives Maxine Waters and David Scott, have voiced opposition to the Financial Innovation and Technology for the 21st Century Act (FIT21). In emails to fellow Democrats,...
Heather Slavkin Corzo, a prominent critic of cryptocurrencies, is stepping down from her role as policy director at the U.S. Securities and Exchange Commission (SEC), the regulatory body announced in...
John Bigatton, a resident of Carss Park, New South Wales, pleaded guilty on Thursday in the Sydney District Court to a charge of providing unlicensed financial services. The charge relates...
Kraken, a major cryptocurrency exchange, is contemplating the delisting of Tether’s USDT stablecoin from its European platform in response to upcoming regulations from the European Union. Marcus Hughes, Kraken’s global...
In a victory for creditors, a U.S. bankruptcy judge on Friday approved a plan by Genesis Global Capital, a bankrupt cryptocurrency lender, to repay approximately $3 billion in a combination...
The recent policy arguments put forth by the U.S. Department of Justice (DOJ) regarding the scope of Federal prohibition on operating an unlicensed money transmitting business have sparked significant concerns. ...
Mark Cuban criticizes the SEC for its enforcement regulation, claiming that it has destroyed the crypto industry. Arguing that the SEC creates a destructive environment for crypto, Cuban states that...
Binance’s compliance status remains uncertain pending a hearing with FIU-IND. KuCoin and Binance are working towards compliance with India’s anti-money laundering regulations. Indian authorities are tightening regulations, leading some exchanges...
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), appeared on CNBC’s “Squawk Box” on May 7, 2024, addressing key issues surrounding financial oversight and regulation. The SEC...
Hong Kong’s cryptocurrency custodians and exchanges find themselves at odds over the custody of customer assets, sparking a contentious debate within the city’s burgeoning crypto industry. At the forefront of...
DOJ’s Crackdown on Privacy App Wasabi Wallet Raises Concerns About Financial Privacy in Digital Age. Privacy-focused Wasabi wallet has shut down its Coinjoin Coordination service. Naomi Brockwell, a cryptocurrency and...
Binance’s regulatory challenges in France could set precedents for its operations across the EU. Changpeng Zhao’s legal troubles further complicate Binance’s regulatory standing in Europe. The outcome of Binance’s legal...
Crypto regulation among the European Union member states is taking a unified shape as the industry moves closer to the Markets in Crypto Assets (MiCA) implementation deadline. By June, all...
Wasabi Wallet creator zkSNACKs imposes an indefinite ban on U.S. users.zkSNACKs cited regulatory concerns but offered no specifics on the matter. The move follows recent arrests of founders of similar...
Shanghai Securities News reported on Friday that Yao Qian, the brain behind China’s Central Bank digital currency (CBDC) project, is reportedly under investigation by the Chinese authorities for an alleged...
The Thai Securities and Exchange Commission (SEC) is intensifying its crackdown on unauthorized digital asset service providers. SEC Secretary-General Pornanong Busaratrakul announced that the commission actively blocks access to these...
On April 24, 2024, the European Parliament approved new regulations targeting money laundering within the cryptocurrency sector. These rules impose mandatory due diligence and identity verification for customers. They apply...