Category: Policy and Regulation
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.”…
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,…