Category: Policy and Regulation

15
Apr
2024
Posted in Policy and Regulation

Japan’s ruling party demands a “immediate” reform of the crypto tax

The Liberal Democratic Party, which is in power in Japan, wants the government to implement “immediate” crypto tax reforms. The web3 project team of the Liberal Democratic Party presented a…

15
Apr
2024
Posted in Policy and Regulation

Nigerian government seeks the extradition of Binance executive who is fugitive from Kenya

Nadeem Anjarwalla, the executive of Binance, fled from custody and was found in Kenya by the Nigerian authorities. Currently, the government wants to repatriate him to Nigeria. Punchng.com verified that…

13
Apr
2024
Posted in Altcoin Policy and Regulation

Coinbase Appeals Ruling in Ongoing SEC Lawsuit

Coinbase, a prominent cryptocurrency exchange, has filed a motion to appeal a judge’s decision last month that allowed a lawsuit involving the U.S. Securities and Exchange Commission (SEC) and the…

12
Apr
2024
Posted in Policy and Regulation

Kraken to Delist Monero in Ireland and Belgium, Convert Balances to Bitcoin

Kraken’s decision to delist Monero for its customers in Ireland and Belgium is driven by a need to comply with the upcoming EU Anti-Money Laundering Regulation (AMLR) and other EU…

12
Apr
2024
Posted in Altcoin Policy and Regulation

SEC is suing Uniswap in an attempt to impede the rapidly expanding DeFi industry

In a warning to Uniswap on Wednesday, the Securities and Exchange Commission stated that it plans to file an enforcement action against the company. Uniswap is the main platform for…

11
Apr
2024
Posted in Altcoin Policy and Regulation

Central Bank of Nigeria forbids using foreign exchange as collateral for loans denominated in local currency

Stopping the Naira’s Decline The Central Bank of Nigeria (CBN) has ordered banks to stop using foreign currencies as collateral for loans in local currency because of the continuous shortages…

10
Apr
2024
Posted in Ethereum Policy and Regulation

Steven Nerayoff, a former Ethereum advisor, is suing the US government for $9.6 billion 

An early Ethereum network advisor is claiming that federal authorities “maliciously” investigated and prosecuted him, and he is suing the government of the United States for $9.6 billion. Steven Nerayoff’s…

04
Apr
2024
Posted in Altcoin Policy and Regulation

SEC Requests Public Input on Proposed Grayscale, Bitwise, and Fidelity Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has opened the floor for public commentary on several proposed exchange-traded funds (ETFs) related to Ethereum, as per official filings. In a move…

03
Apr
2024
Posted in Altcoin Policy and Regulation

Singapore Strengthens Crypto Regulation, Introduces Enhanced User Protections

Singapore is taking significant steps to bolster its regulatory framework for companies operating in the cryptocurrency and digital payment token (DPT) sectors. The Monetary Authority of Singapore (MAS) announced on…

02
Apr
2024
Posted in Altcoin Policy and Regulation

China’s Conflux Network Leads New Blockchain Infrastructure for Belt and Road Initiative

China has unveiled a groundbreaking initiative led by Conflux Network, known as the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” This initiative, announced on April 1,…

01
Apr
2024
Posted in Policy and Regulation

FTX Bankruptcy Estate Aiming for Creditor Repayment by 2024 End

In a recent meeting of FTX Digital’s Joint Official Liquidators held in the Bahamas, plans were outlined regarding the timeline for repaying creditors, with a target set to initiate repayments…

29
Mar
2024
Posted in Policy and Regulation

FTX Founder Sam Bankman-Fried Faces 24.25-Year Prison Sentence

Sam Bankman-Fried, the founder of FTX, has been sentenced to nearly 25 years in prison after a criminal fraud trial involving losses of $8 billion by retail investors. The ruling,…

28
Mar
2024
Posted in Altcoin Policy and Regulation

KuCoin Receives Vote of Confidence Amid Legal Turmoil: Insights from CryptoQuant CEO

In the midst of legal challenges and concerns regarding its reserves, KuCoin, the Seychelles-based cryptocurrency exchange, has garnered support from Ki Young Ju, the CEO of CryptoQuant, a crypto analytics…

23
Mar
2024
Posted in Policy and Regulation

U.S. Regulatory Agencies Seek Increased Funding to Strengthen Oversight of Cryptocurrency Market

The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Treasury Department are all pushing for additional funding in the 2025 fiscal year to bolster their supervision…

19
Mar
2024
Posted in Policy and Regulation

Nigeria’s SEC Proposes Significant Fee Hike for Crypto Firms Amid Economic Concerns

In response to perceived risks and challenges associated with the cryptocurrency industry, Nigeria’s Securities and Exchange Commission (SEC) has put forward substantial increases to supervision fees for crypto firms. The…

19
Mar
2024
Posted in Altcoin Policy and Regulation

OKX Halts USDT Trading in EEA Ahead of EU Crypto Regulations: A Strategic Shift Towards Euro Adoption

As the European Union (EU) gets ready to adopt a complete legal framework for cryptocurrencies, OKX is gradually discontinuing trading pairs for tether (USDT -0.06% USDT -0.06) in the European…

18
Mar
2024
Posted in Policy and Regulation

Indian Finance Minister Sitharaman Advocates for International Crypto Regulation

With regard to Bitcoin (BTC) and other digital assets, Indian Finance Minister Nirmala Sitharaman has adopted a strong stance, stressing that they should not be regarded as currencies. Sitharaman states…

16
Mar
2024
Posted in Altcoin Policy and Regulation

Breaking Ground: Dubai’s DIFC Leads the Way with New Digital Assets Law

This week, the United Arab Emirates’ tax-free special economic zone, Dubai International Financial Centre (DIFC), announced the adoption of its new Digital Assets Law. The enactments, which include a new…

15
Mar
2024
Posted in Bitcoin Policy and Regulation

UK judge determines that Craig Wright is not Satoshi Nakamoto

A U.K. judge declared that Craig Wright is not Satoshi Nakamoto or the writer of the Bitcoin whitepaper.  According to a post from the alliance, the case, which was brought…

15
Mar
2024
Posted in Policy and Regulation

FinCEN Investigates Alleged $165 Million Cryptocurrency Transaction Linked to Hamas

According to the Wall Street Journal, the US Financial Crimes Enforcement Network (FinCEN) is looking into the $165 million cryptocurrency transaction that was connected to Hamas. In order to prevent…