Tag: regulation

Oct 01 2022

The Week in Crypto – Nexo, Dogecoin, Digital Dollars and more!

Reading Time: 3 minutesThis week in crypto we’ve seen Opensea signing with Warner Music, Nexo being hit for six eight, a revelation about the digital dollar and much more. But what stories were the richest pickings? Grab your gloves and let’s tackle those trees together. No. 3 -...

Sep 30 2022

Judge rules in favor of Ripple against SEC in Hinman document case

Sep 30 2022 Published at CryptoSlate under tags  legal regulation tokens

U.S. District Judge Analise Torres has ruled in favor of Ripple Labs after it ordered the SEC to release documents relating to a speech delivered by former SEC official William Hinman. During a 2018 summit, William...

Sep 29 2022

Meta rolling out NFT sharing on Instagram and Facebook is BAD?

Meta (previously known as Facebook) announced earlier this year that they just rolled out this ability to US users. Is the Meta NFT sharing news a good thing? Meta failed to enter the Crypto Space #1 Libra Fail When the crypto market started to boom, Meta decided to tap into this space. In fact, the company's name was just Facebook and they...

Ooki DAO moves to raise funds to defend against CFTC lawsuit

Sep 29 2022 Published at CryptoSlate under tags  daos regulation

Ooki DAO community members have commenced discussions to explore possible fundraising options to defend their case against the CFTC. The Commodity Futures Trading Commission (CFTC) had on Sept. 27 filed a lawsuit claiming that Ooki DAO's...

SEC charges Hydrogen for profiting over $2M from market manipulation

Sep 29 2022 Published at CryptoSlate under tags  crime icos legal regulation

The Securities and Exchange Commission (SEC) has moved to press charges against market making firm Hydrogen for allegedly manipulating the trading volume of its Hydro token to amass over $2 million from the illegal act. Hydrogen CEO Michael Kane and Moonwalker CEO Tyler Ostern were also named as accomplices to the crime. The accused reportedly sold unregistered securities token "Hydro"...

Russians to be Banned From Holding Crypto in “EU Wallets”

Reading Time: 2 minutes Russians are set to be banned from holding cryptocurrencies in wallets tied to EU entities The new measure is being considered as part of a new sanctions package following Russia’s planned annexation of parts of Ukraine However, holders of...

Russians to be Banned From Sending Crypto in “EU Wallets”

Reading Time: 2 minutes Russians are set to be banned from sending cryptocurrencies in wallets tied to EU entities The new measure is being considered as part of a new sanctions package following Russia’s planned annexation of parts of Ukraine However, holders of coins...

Sep 28 2022

Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Sep 28 2022 Published at CryptoSlate under tags  crime do kwon regulation south korea terra

Terraform Labs have described the South Korean prosecutor's arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported Sept. 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s...

CFTC serves Ooki DAO members lawsuit via governance discussion forum

Sep 28 2022 Published at CryptoSlate under tags  cftc legal ooki dao regulation

The Commodity Futures Trading Commission (CFTC) served a lawsuit against Ooki DAO via its website chat box and its online governance forum, according to a Sept. 27 court filing. According to the filing, the decision to take this novel approach was because the DAO did not have: "Any listed headquarters or...

Bitcoiners Will Not Accept Overregulation

Bitcoin users are an intolerant minority who will quickly mobilize if they think that forthcoming legislation is unfavorable or unfair to Bitcoin.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Andy Edstrom CFA, CFP and advisor to Swan Bitcoin to talk about government regulation, how to expose your family...

Sep 27 2022

Thailand’s SEC sues 5 for wash trading activities

Sep 27 2022 Published at CryptoSlate under tags  bitkub exchanges regulation thailand

Thailand's Securities and Exchange Commission (SEC) is suing five entities over wash trading activities on two crypto exchanges, Bitkub and Satang corporation. According to a Sept. 27 press release from the regulator, public prosecutors have been directed to sue Bitkub and two individuals for creating artificial...

California Gov. Newsom explains veto of NY-styled BitLicense crypto business bill

Sep 27 2022 Published at CryptoSlate under tags  regulation

California Governor Gavin Newsom on Sept. 23 overruled Assembly Bill-2269 Digital financial asset businesses: regulation - a crypto regulatory framework. AB-2269 set out specific requirements for crypto businesses, including the application for a license to operate in the state, the obligation to run a 24-hour customer service telephone line, and...

Is Mining Censorship A Serious Threat To Bitcoin?

Several mining entities have attempted censorship attacks on the Bitcoin network. Does the practice pose a threat to its permissionless ethos?This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.Bitcoin is designed to be a permissionless, censorship-resistant financial tool, and miners are supposed to be one of several groups that support this functionality. Yet...

Japan to tighten laws to prevent money laundering via crypto by May 2023

Sep 27 2022 Published at CryptoSlate under tags  crime exchanges regulation

The government of Japan is looking to introduce cryptocurrency transfer rules in May 2023 to track money transfers by criminals, according to a Nikkei Asia report on Sept. 27. The government will amend the Act on Prevention of Transfer...

DeFi needs to be regulated ‘carefully and thoughtfully,’ says Fed chair Jerome Powell

Sep 27 2022 Published at CryptoSlate under tags  cbdcs defi regulation stablecoins

U.S. Federal Reserve chair Jerome Powell urged lawmakers to be cautious when regulating decentralized finance (DeFi) while speaking at a roundtable conference organized by the central bank of France on Sept. 27. Powell said that regulation should be introduced "carefully and thoughtfully," and that regulators have to be, "…very careful about how...

How Will the Legal Case Against Do Kwon Play Out in South Korea? – Ep. 401

Zack Guzman, journalist and Coinage host, and Jongbaek Park, partner specializing in blockchain and crypto assets at Bae, Kim & Lee, discuss how the case in South Korea against Do Kwon and TerraForm Labs will likely go, whether Do Kwon is on the run, and what his sentence could be. Show highlights: Jongbaek’s and Zack’s disclosures regarding Terra how big the Terra phenomenon...

Sep 26 2022

Australian central bank issues whitepaper for pilot permissioned CBDC, eAUD

Sep 26 2022 Published at CryptoSlate under tags  cbdcs regulation stablecoins

The Reserve Bank of Australia (RBA) published a whitepaper for its pilot central bank digital currency (CBDC) on Sept. 26, entering the league of countries exploring CBDCs. According to the Atlantic Council CBDC tracker, Australia is among 97...

Sep 24 2022

The Chopping Block: Why ETH Dumped So Hard After the Merge – Ep. 400

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: Why the ETH price slumped after the Merge even though it was successful Whether the BTC security model is flawed and why Robert thinks Bitcoin will change Why Tarun thinks Bitcoin won’t change...

Sep 22 2022

UK’s new bill aims to help law enforcement seize, freeze crypto

Sep 22 2022 Published at CryptoSlate under tags  regulation united kingdom

The United Kingdom has introduced a new bill that would make it easier for law enforcement agencies to freeze and seize crypto assets. The bill, tagged the Economic Crime and Corporate Transparency, will strengthen the country's image as a place for legitimate businesses to thrive while driving out dirty money. U.K. targets crypto...

Russia’s financial regulators agrees on crypto use for international payments

Sep 22 2022 Published at CryptoSlate under tags  adoption regulation russia

Russia's deputy finance minister Alexei Moiseev has said that the country's apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on Sept. 22. According to the report, the new development is geared toward allowing Russians access to digital wallets. Moiseev reportedly said:...

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