Category: Policy and Regulation
Breakthrough in Finnish Investigation: Tracing Monero in High-Profile Hack
The National Bureau of Investigation in Finland has achieved a notable breakthrough in the ongoing criminal trial of Julius Aleksanteri Kivimäki, an individual accused of hacking a private mental health…
Regulatory Headwinds for Binance US: Challenges in Florida and Alaska
In a significant regulatory setback, Binance.US, a leading cryptocurrency exchange platform, is grappling with intensified scrutiny in Florida and Alaska, leading to the suspension of its operations in both states….
South Africa Takes a Stride Towards Crypto Regulation with FSP Licenses
South Africa is set to take a significant step in regulating its cryptocurrency landscape by issuing the inaugural batch of Financial Services Provider (FSP) licenses to crypto service providers. Gerhard…
SEC Takes Action Against Church for Unregistered ‘God-Backed’ Crypto Token, Freezes Assets
In a recent development, the Securities and Exchange Commission (SEC) has intervened, freezing the assets of the Colorado-based Victorious Grace Church and its founders, Pastor Eligio “Eli” Regalado and his…
Former Bithumb Chairman Acquitted for Second Time in $100 Million Fraud Case
In a recent ruling by the 5th Criminal Division of the Seoul High Court, Lee Jeong-hoon, the former chairman of Bithumb Holdings and Bithumb Korea, has been acquitted for the…
BuyUcoin Facilitates Zero Fee Transfers Amidst Indian Crypto Crackdown
In response to the recent crackdown on offshore crypto exchanges in India, BuyUcoin, a prominent Indian cryptocurrency exchange, has unveiled a strategic move to reimburse withdrawal fees for local users…
Charting Crypto’s Evolution: HKVAC’s Moves Reflect Market Trends and Shifting Landscapes
Hong Kong Virtual Asset Consortium (HKVAC) has made significant revisions to its crypto indexes, particularly removing Ripple’s XRP from its top five global crypto index. Solana has taken over XRP’s…
Apple Removes Leading Crypto Exchanges from Indian App Store Amid Regulatory Pressure
In a significant move, Apple has removed several major offshore cryptocurrency exchanges, including Binance, KuCoin, and OKX, from its App Store in India. This decision comes in the wake of…
German Court Issues Jail Sentences in OneCoin Crypto Scam Case
In a significant legal development, a German court in Münster has pronounced verdicts and jail sentences for key figures implicated in the notorious OneCoin cryptocurrency scam. Frank Ricketts and his…
South Korea’s Crypto Sector Takes Proactive Measures: Tax Authority and Exchanges Unite to Prevent Illicit Transactions
In a collaborative effort to curb illegal foreign transactions involving cryptocurrencies, South Korea’s tax authority, the Korea Customs Service group, and five major crypto exchanges, including Bithumb Korea, Coinone, Korbit,…
Indian Crypto Exchange CoinDCX denies issues with its app, blames fraud sites and apps
A story by local media reported several accusations against CoinDCX sparked the start of the debate. Two complainants, a 24-year-old engineer, and a 36-year-old businessman, described their upsetting interactions with…
China’s Crackdown on Cryptocurrency Corruption: A Battle Against Cold Storage Exploitation
Official Chinese media have voiced concerns over corrupt officials exploiting cryptocurrency’s cold storage for illicit cross-border transactions, prompting a comprehensive government strategy. In a recent development, official Chinese media outlets…
India Cracks Down on Foreign Cryptocurrency Exchanges
Nine offshore cryptocurrency platforms have received show-cause warnings from India’s Financial Intelligence Unit (FIU), which is under the Ministry of Finance’s jurisdiction, in accordance with the strict Prevention of Money…
Shanghai Technology Exchange and HKbitEX Work Together to Provide Asset Tokenization Solutions
With backing from the Shanghai Technology Exchange and China’s Ministry of Science and Technology, the Hong Kong-based digital asset exchange HKbitEX collaborates with Shanghai to create asset tokenization (RWA) solutions…
Hong Kong Seeks Public Input on Proposed Stablecoin Legislation
The Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) have initiated a public consultation on potential stablecoin legislation, signaling a significant step in the region’s…
Mt. Gox Creditors Rejoice as Decade-Long Wait Ends with Repayments
In a monumental turn of events, creditors of the notorious Mt. Gox Bitcoin exchange are finally witnessing the fruition of a decade-long wait as the exchange initiates the distribution of…
Japan Contemplates Tax Relief for Crypto Industry Growth
In a significant move to foster the development of Japan’s Web3 industry, Prime Minister Fumio Kishida’s cabinet has approved a proposal to eliminate corporate taxation on unrealized cryptocurrency gains. The…
Founders of BarnBridge DAO have reached a settlement of $1.7 million with the SEC
The two founders of BarnBridge DAO and the company will pay the SEC more than $1.7M to resolve claims that they failed to register the offer and sale of the…
Legal Woes Mount for Three Arrows Capital Founders as BVI Court Freezes $1.1 Billion in Assets
In a significant legal development, a British Virgin Islands (BVI) court has issued an order to freeze assets valued at up to $1.1 billion belonging to Su Zhu and Kyle…
Ripple Establishes European Foothold in Ireland Amid Regulatory Preparations
Ripple, a prominent enterprise blockchain development firm, has strategically chosen Ireland as its gateway to the European Union, registering with the Central Bank of Ireland as a virtual asset service…