Category: Policy and Regulation
The biggest US city to accept cryptocurrency for tax and fee payments is Detroit
According to a Thursday announcement by city officials, Detroit will become the biggest city in the US to accept bitcoin payments. Through a secure network run by PayPal, residents can…
Strive, founded by Ramaswamy, introduces a wealth management division to include Bitcoin in conventional portfolios
Strive Enterprises, an asset management company, was introduced on Friday. It was co-founded by billionaire Anson Frericks and Trump booster and former Republican presidential candidate Vivek Ramaswamy. incorporating Bitcoin into…
According to the Blockchain Association, since Gensler became chair, the SEC has cost the cryptocurrency industry $400 million
Member companies of the Blockchain Association claim to have incurred $400 million in fees related to enforcement actions initiated by the U.S. Securities and Exchange Commission, which is chaired by…
UK government has introduced a bill to Parliament to formally define crypto assets as a new type of property.
“Previously, digital belongings were not definitively included in the scope of English and Welsh property law – leaving owners in a legal grey area if their assets were interfered with,”…
Three hours after the TON outage, no new blocks were produced
In an Aug. 28 post on X, the TON-based community platform Tonk Inu, the company said that there had been a continuous outage on the TON network and blamed it…
India Presents Budget With No Changes to the Crypto Tax
An Overview of the Budget and Community Reactions to India’s Current Crypto Tax System The Indian cryptocurrency community is apprehensive about the future of digital assets as a result of…
In an address at the Libertarian Convention, Donald Trump promises to free Ross Ulbricht, end CBDCs, and support self-custody
Boos and jeers marred the entirety of former President and front-runner Donald Trump’s historic speech to the Libertarian Party convention last night. This was the first time a major party…
Web3 gaming platform Gala Games sees a 15% decline after losing over $200 million in potential revenue
According to the blockchain explorer Etherscan, Gala Games, a web3 gaming company, appears to have fallen victim to an exploit on Monday, with someone minting 5 billion GALA -2.95% tokens,…
Contributor to Cypher Protocol acknowledges stealing and gambling with money obtained from an exploit
Hoak, a contributor to the Solana based exchange cypher under pseudonym, acknowledged stealing and betting with the protocol’s money that was obtained through an exploit. Another Cypher contributor going by…
UAE Sets New Records for Crypto Transactions at $25 billion and Encourages More Investment with Flexible Regulations
According to the institute, the metaverse market will be valued at $3.4 trillion by 2027. This spike was attributed to the potential for generating compelling use cases and the quick…
Taiwan suggests more stringent AML regulations for cryptocurrency service providers
The Ministry of Justice in Taiwan has suggested changes to the current Anti-Money Laundering (AML) legislation, which may result in fines of up to $1.5 million and jail terms of…
New South Korean Donations Law Excludes Cryptocurrency
Plans for Donations: Not Include Crypto The Act on Collection and Use of Donations Enforcement Decree will undergo revisions by the ministry. Citizens will be able to contribute a variety…
Commissioner Johnson of the CFTC makes AI recommendations while integrating DeFi
Kristin Johnson of the Commodity Futures Trading Commission put out suggestions to handle artificial intelligence in financial markets, including decentralized finance, including stiffer fines. During the Sidley Austin and Rutgers…
Authorities in the Netherlands detain a ZKasino team member over claims of rug pulls
A 26-year-old man was taken into custody by Dutch financial crime detectives on Monday on allegations of money laundering, fraud, and embezzlement in connection with a purported rug pull operation…
Binance Works with Indian Authorities to Catch $10 Million Fraud
The exchange and two more people worked with local law enforcement to expose a money laundering operation. The regulatory focus on the Indian cryptocurrency business has recently increased, with initiatives…
Keonne Rodriguez of Samourai Wallet enters a not guilty plea to accusations of money laundering and transmitting
As U.S. authorities press down on privacy-focused technologies, a co-founder of Samourai Wallet entered a not guilty plea on Monday to federal charges pertaining to his development of a program…
Judge criticizes SEC for “abuse” of power in crypto fraud trial, prompting lawyers to resign
Following a Utah judge’s criticism of the U.S. Securities and Exchange Commission for a “gross abuse” of power, two lawyers from the agency recently resigned, according to Bloomberg, which cited…
Settlement Proposal Emerges in Lawsuit Against Sam Bankman-Fried
A recent development in the ongoing legal battle involving former FTX CEO Sam Bankman-Fried has seen a group of cryptocurrency users considering dropping their lawsuit against him. The proposed settlement,…
Promoting Self-Regulation: Hong Kong’s Proposal for Crypto Industry Oversight
Hong Kong regulators are advocating for the establishment of a self-regulatory committee within the city’s crypto firms to bolster compliance monitoring efforts. The recommendation, put forth by the Hong Kong…
South Korean Police Raid Offices of Winnerz Over Allegations of Crypto Fraud
South Korean police conducted a raid on the offices of the sports-themed blockchain platform Winnerz as part of an investigation into allegations that its WNZ token is a “scam coin.”…