Tag: regulation

Reading Time: 2 minutes DeFi lending platform BlockFi has seen one of its products labelled a security by regulators in three states Alabama and Texas have claimed the company’s BIA instrument contravenes securities laws New...

The restrictions are only for retail investors and not for accredited investors.

Triggered by this week's sell-offs, Jim Cramer expressed his concerns that Tether, as "the Achilles heel" of cryptocurrency, brings further risk exposure to markets. "Tether, which is the giant stablecoin, could be basically the Achilles heel of the entire Bitcoin operation, which is very worrisome because we don't know what they...

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing. Last year, Coinbase CEO Brian Armstrong raised concerns over rumors the U.S Treasury was moving to ban "anonymous non-custodial wallets." This...

Reading Time: 2 minutes The EU aims to bring a ban on anonymous cryptocurrency transactions and anonymous wallets. It argued that this latest move would help enforce anti-money laundering (AML) standards. The proposal requires halting crypto transactions of more than...

The exchange pointed out several risks of crypto custody in a letter to the Australian Senate.

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company's assets in a bid to stop Profit Connect from operating. The SEC's reputation has taken a hit following its...

Last week, US Magistrate Judge Sarah Netburn ruled that the former head of the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance William Hinman will testify under oath. The deposition was scheduled for July 19, but given the privilege issues involved, a delay was allowed by the court so that the agency and...

The bill wants VASP to maintain strict KYC for any transaction beyond EUR 1,000.

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction. No BlockFi in New Jersey...

Reading Time: 2 minutes A French government body has demanded a single European market regulator be created to streamline ongoing efforts The AMF has proposed that ESMA would regulate all capital markets more effectively than the current patchwork system The AMF even...

Celebrities shilling meme coins like Dogecoin, Shiba Inu, and Baby Doge Coin became a recurring theme throughout 2020 as...

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of...

Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity. Recently, U.K police followed up a rewiring tip-off, expecting to bust a...

Regulatory pressure surrounding Binance keeps increasing as Italy joins the club of jurisdictions that issued notices referring to the biggest crypto exchange by trading volume. Italian government authority, responsible for regulating the country’s securities market, Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that states...

In the ongoing SEC vs. Ripple case, Judge Netburn has ruled that former SEC Director William Hinman will testify under oath. Having filed charges against Ripple in late December 2020, the case has evolved into a complex beast tackling numerous motions. This latest motion relates to the SEC's attempt to...

The country is working on both regulatory and diplomatic levels.

Multiple regulators around the globe have come out against the crypto exchange giant.

Christine Parker, partner at Reed Smith, summarizes the slew of regulatory headlines facing Binance and how such scrutiny may affect the exchange going forward. Show highlights: which countries are investigating Binance why it has been...

Congressman Carlos Rejala and Senator Fernando Silva Facetti presented their final version of the long announced and anticipated crypto regulation initiative before the National Congress of Paraguay. In line with the national legislator's earlier...