Tag: regulation

Jul 23 2021

BlockFi Faces Legal Battle in Three States

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...

Jul 22 2021

Russian Central Bank Asks Stock Exchanges Not to List Crypto Firms

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

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto while USDC gets auditor greenlight

Jul 22 2021 Published at CryptoSlate under tags  regulation stablecoins usdt

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...

Jul 21 2021

In throwback to Coinbase boss warning, the EU now looking to ban anonymous crypto wallets

Jul 21 2021 Published at CryptoSlate under tags  legal regulation wallets

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...

EU to Ban Anonymous Crypto Wallets and Transactions

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...

ASX Calls for Regulations of Crypto Custodians

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

SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’

Jul 21 2021 Published at CryptoSlate under tags  crime legal regulation

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...

Jul 20 2021

SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP

Jul 20 2021 Published at CryptoSlate under tags  btc eth legal regulation xrp

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...

EU Draft Bill Wants FATF’s Travel Rule for Crypto Transactions

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

Crypto bank BlockFi faces regulatory block in New Jersey

Jul 20 2021 Published at CryptoSlate under tags  btcusd investments legal regulation

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...

French Body AMF Proposes Single EU Market Regulator

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...

Jul 19 2021

No shilling Dogecoin or Shiba Inu? How TikTok’s crypto ban helps the space

Jul 19 2021 Published at CryptoSlate under tags  babydoge doge opinion regulation shiba inu

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

US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC

Jul 19 2021 Published at CryptoSlate under tags  btc lbr regulation stablecoins usdt

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...

Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves

Jul 19 2021 Published at CryptoSlate under tags  btcusd legal mining regulation

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...

Jul 17 2021

After UK and Cayman Islands, Binance now faces regulatory concerns in Italy

Jul 17 2021 Published at CryptoSlate under tags  legal regulation

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...

Jul 16 2021

Ripple (XRP) scores as judge orders former SEC Director to testify

Jul 16 2021 Published at CryptoSlate under tags  legal regulation xrpusd

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...

Binance Faces Regulatory Troubles in Lithuania for Offering Derivatives

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

Why It Might Be Too Late for Binance to Avoid Regulatory Action

Jul 16 2021 Published at Unchained Podcast under tags  2021 binance bitmex cftc crypto

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...

Here are the details of Paraguay’s “Bitcoin Law” proposal

Jul 16 2021 Published at CryptoSlate under tags  adoption btc legal regulation

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...

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