Category: Policy and Regulation
FTX Announces Restructuring Plan with an Aim to Reboot Offshore Exchange
In the rapidly changing world of cryptocurrencies, the major industry players witness several challenges and opportunities. In this context, FTX, a leading cryptocurrency exchange has committed to a bold move…
SEC had ordered Coinbase to Delist all Cryptocurrencies Except Bitcoin
The world of cryptocurrency often finds itself battling legal turmoil. Many countries have an open approach to decentralized finance (DeFi) while others remain restrictive in their approach towards cryptocurrencies. In…
SEC head says crypto market ‘fraught with scams’
The US Securities and Exchange Commission chairman Gary Gensler sent out a strong message to investors across the world by cautioning them against cryptocurrencies and said the market was riddled…
Securitize Tokenization Platform Announces the Launch of its European Campaign
The landscape of digital finance is rapidly evolving, gradually expanding its jurisdiction around the globe. Many firms and local Governments are acknowledging the importance of decentralized finance (DeFi) and incorporating…
Seizure of Crypto Lender Delio’s Assets Amidst Legal Conflict
In the fast-paced digital era, cryptocurrency has been the centre of attention with its exponential growth and popularity. However, the volatile nature of the crypto market makes it the victim…
Binance to file a motion for dismissal of CFTC complaint
Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are reportedly in talks to file a motion seeking the dismissal of a lawsuit filed by a US regulatory body against…
Thodex CEO gets 7 months in jail for tax evasion
The founder of now-defunct digital asset exchange Thoder Faruk Fatih Özer was sentenced to seven months of imprisonment by a local court in Turkey for allegedly failing to submit tax…
FTX files lawsuit against Bankman-Fried, top executives for ‘misappropriating’ customer funds
Months after the cryptocurrency exchange hit the headlines over a liquidity crisis and subsequently filed for bankruptcy, FTX Ltd has filed a lawsuit against its former CEO Sam Bankman-Fried and…
Crypto couple behind 2016 Bitfinex hack set to plead guilty
Ilya Lichtenstein and Heather Morgan – the couple who hit the headlines for allegedly laundering Bitcoin tokens worth billions of dollars by hacking into crypto exchange Bitfinex in 2016 –…
Ban on Virtual Asset Transactions in Kuwait
The cryptocurrency ecosystem is known to be a volatile market since its advent. It is forever exposed to the threats of the ever-changing market dynamics and a continuous victim of…
Launch of Permanent Digital Sandbox by the FCA
On 20 July, the UK Financial Conduct Authority (FCA) recently announced a permanent digital sandbox. The digital sandbox is a groundbreaking innovation for the fintech sector, which will enable firms…
Coinbase Stops Staking Services in Four US States Due to Regulations
Coinbase, a well-known US cryptocurrency exchange, has taken the decision to temporarily pause its staking services in four states. This move is in response to legal actions taken by regulators…
History of Money: Bartering; Fiat to Cryptocurrencies
Money, an ancient and momentous creation of human civilization, holds the distinction of being one of the earliest and most impactful inventions ever conceived. The money that we hold today…
SEC claims that Coinbase was aware of the violations of the law
Coinbase was sued by the U.S. Securities and Exchange Commission (SEC) for misconduct for not registering its company as an exchange, broker, and clearing agent on June 6, 2023. According…
Kitboga joins forces with Kraken to defraud the scammers
The number of frauds in cryptocurrency has been rising along with the widespread expansion of the cryptocurrency world. Since cryptocurrency blockchain platforms are decentralized and anonymous, it is easy for…
New Crypto bill will be beneficial for foreign residents in Israel
A new bill has been passed in Israel that will exempt foreigners from crypto-taxes. The foreigners residing in Israel could get an exemption on taxes from the sale of cryptocurrencies….
DBS Bank rolls out a new tool for digital yuan users
DBS Bank will be rolling out a set of new solutions for its digital yuan users in China. Also called e-CNY, the digital yuan is China’s central bank digital currency…
Australian regulators conduct searches at the office of Binance Australia
The Binance office in Australia was searched on Tuesday by Australia’s Security and Investment Commission. This recent cryptocurrency news comes as governments worldwide are becoming more and more cautious about…
UK Passes Bill for Preventing Criminal Misuse of Cryptocurrency Assets
A new bill has been passed in the UK parliament to stop cryptocurrency from circulating that would cause criminal activity relating to digital assets. In September 2022, the bill was…
Binance Spot trading in trouble
Binance, one of the largest cryptocurrency exchanges, is facing a reduction in spot trading. There has been a 70% reduction in stop trading in the second quarter of the year….