Category: Policy and Regulation
Bittrex’s challenge shocks SEC
Bittrex is one of the largest cryptocurrency exchanges that was founded in 2014 in order to trade Bitcoin (BTC), dogecoin (DGC), etc. It was founded by 3 cybersecurity engineers and…
US court orders Kraken to turn over its users’ account info to IRS
A US court on June 30, 2023, ordered cryptocurrency exchange Kraken to submit details of its users’ accounts and other transactional data to the Internal Revenue Service (IRS). The agency…
The new tax rule of Slovakia might help to increase the demand for Crypto
Slovakia has been an early adopter of cryptocurrencies since the year 2018. Slovakia has come a long way from cryptocurrencies not having a robust legal framework to passing the bill…
UK’s new crypto rule gets Royal Assent. Here’s what it means
A new bill that would enable regulators in the UK to oversee cryptocurrencies and stablecoins was approved by King Charles on June 29, 2023, making it an official law. The…
Binance Brazil Faces Investigation for Alleged Pyramid Schemes Amidst Mounting International Regulatory Pressure
Binance, the world’s largest cryptocurrency exchange, is currently under investigation in Brazil for its suspected involvement in pyramid schemes. This development adds to the growing international regulatory scrutiny faced by…
Defamation Lawsuit Shakes the Crypto World: ZachXBT Faces Legal Battle
The world of cryptocurrencies is no stranger to controversy and legal disputes, and the latest development involves prominent crypto sleuth ZachXBT. Known for his relentless efforts to uncover financial misconduct…
SBF’s Legal Battle Takes Unforeseen Twist as Lengthy Appeals Process Looms
Former FTX CEO Sam Bankman-Fried, commonly known as SBF, is facing a complex legal situation as his defense attorneys seek to separate or dismiss six charges from his impending trial….
Pakistan Implements Ban on Cryptocurrencies to Combat Illicit Transactions
In a recent decision by the Senate Standing Committee on Financial Affairs, Pakistan has banned cryptocurrencies. The move comes as a response to concerns raised by officials regarding the involvement…
Ooki DAO Succumbs to Court Battle with CFTC, Forced to Shutdown
In a landmark court battle, Ooki DAO, a decentralized autonomous organization (DAO), has been ordered by a United States district judge to permanently shut down and pay a substantial civil…
Coinbase Presses Court to Compel SEC’s Regulation of Cryptocurrency Market
Coinbase, a prominent cryptocurrency exchange, has taken an unprecedented step in its conflict with the U.S. Securities and Exchange Commission (SEC) by filing a writ of mandamus in federal court….
Coinbase Embraces Canada’s Clear Crypto Guidelines Amidst U.S. Regulatory Challenges
In a recent interview, Coinbase’s VP of International and Business Development, Nana Murugesan, expressed appreciation for Canada’s proactive approach to crypto regulation. As the cryptocurrency exchange giant faces regulatory challenges…
Russia Shifts Strategy, Abandons State-Run Crypto Exchange for Cross-Border Transactions
Russia has reportedly abandoned its plans to create a state-run cryptocurrency exchange and is now considering the use of existing cryptocurrency exchanges to facilitate cross-border transactions. Anatoly Aksakov, the head…
Launch of Russia’s Digital Ruble Pilot Faces Delays
The eagerly awaited digital Ruble pilot, initiated by the Central Bank of Russia (CBR), has been postponed until the end of July. The delay is attributed to the need for…
Crypto Scammers Exploit Fake Token Claims, Defrauding Thousands and Amassing Millions
A report by AegisWeb3 has shed light on the alarming rise of crypto scammers who have defrauded over 14,000 individuals, accumulating approximately $6.4 million through fake token claim scams. The…
Binance Assists US Authorities in Freezing $4.4 Million Linked to North Korea
Binance, a prominent cryptocurrency exchange, has partnered with US law enforcement agencies to seize $4.4 million worth of crypto assets connected to cybercrime organizations operating in North Korea. The joint…
Gemini and Bankrupt Lender Genesis Seek Dismissal of SEC Lawsuit Over Earn Program
Gemini, a cryptocurrency exchange platform, and Genesis Global Capital, a bankrupt crypto lender, have jointly filed a motion to dismiss a lawsuit brought by the U.S. Securities and Exchange Commission…
Bharat Web3 Association (BWA) to Submit Proposal Urging Restoration of UPI Access for Crypto Exchanges in India
The Bharat Web3 Association (BWA), an influential cryptocurrency advocacy group in India, is set to submit a proposal to the Indian government and the Reserve Bank of India (RBI) urging…
Japan Strengthens Anti-Money Laundering Measures for Cryptocurrencies
Stricter anti-money laundering (AML) measures will be imposed in Japan starting from June 1, targeting cryptocurrency transactions. The decision came after the Financial Action Task Force (FATF), an international financial…
Australian ‘Big 4’ Bank Trials Crypto Payment Protection to Combat Fraud
Westpac, one of Australia’s prominent ‘Big Four’ banks, has recently unveiled its inaugural trial of scam protection measures aimed at countering fraudulent activities associated with cryptocurrencies. In order to mitigate…
Cosmos Accelerates DeFi Adoption with Native USDC Support, Aims to Catalyze Growth
The decentralized finance (DeFi) space has thrived on networks like Ethereum and Solana, thanks in part to the seamless access to stablecoin functionality. However, the same level of vibrant DeFi…