Category: Policy and Regulation
UK will pass legislation establishing a framework for regulating cryptoassets before the end of July
Bim Afolami, the UK Economic Secretary to the Treasury, stated that legislation establishing a framework for regulating cryptoassets will be passed by the end of July. Afolami announced the timeline…
Nebraska man is accused of “cryptojacking” to mine $1 million worth of cryptocurrency
The U.S. Department of Justice claims that 45-year-old Charles O. Parks III stole $3.5 million in cloud computing services to generate $1 million worth of Ether, Litecoin, Monero, and other…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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,…
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…
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…
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…
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…
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…
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…