Nick Chong · 4 hours ago · 2 min read
Read the latest › ETH 2.0
Read the latest › Regulation
Nick Chong · 1 week ago · 2 min read
Shaurya Malwa · 1 week ago · 2 min read
Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody.
BitMEX has long been a polarizing platform within the crypto industry, with it being the trading venue of choice for those utilizing margin, while also contributing to some of the most precarious price movements ever seen by Bitcoin.
The United Kingdom Financial Conduct Authority (FCA) has published a new set of rules banning the sale of crypto derivatives to retail consumers in the country.
Bank of Canada analysts raised concerns over the use of Central Bank Digital Currencies (CBDCs) as countries around the world weight the use of digital tokens instead of paper-based money.
Following the CFTC’s charge against BitMEX and its operators, the United States Department of Justice filed their own charges against the exchange’s four founders and executives for violating the Bank Secrecy Act.
On Thursday, the industry was shocked by the news that leading Bitcoin derivatives exchange BitMEX was formally charged by the United States Commodities and Futures Trading Commission (CFTC) over concerns around derivatives and anti-money laundering violations.
A new report by on-chain analytics firm CipherTrace found out that most Bitcoin and crypto Know Your Customer (KYC) processes can be exploited by money launderers, criminals, and extremists.
The United States Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures.
If you happened to drop by the crypto space on social media in recent weeks, NFTs, short for non-fungible tokens, look to be the latest Ethereum-based assets that are steadily gaining at both popularity and price.
Unikrn, a Seattle-based e-sports platform, has agreed to pay a $6 million fine to settle a complaint by the US Securities and Exchange Commission that said it raised $31 million by selling unregistered securities, according to a release.
A new report out of Mexico noted that financial institutions and banks launder a huge amount of money compared to newer financial businesses, according to El Economista.
In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering.
Coinbase CEO Brian Armstrong said tech giant Apple has “restrictive” policies towards the cryptocurrency sector, as per a tweet this weekend.
Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC.
Bitcoin’s regulatory scheme in the US will soon come into focus in the Presidential elections later this year.
A newly-appointed financial regulator in Japan said this week that introducing laws and regulations for Bitcoin trading would impede technical innovation while supporting purely speculative gains, according to Reuters.
A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for a fairer tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen.
News broke earlier today that a federal court ruled that Bitcoin is defined as “money” under the law in Washington D.C.
In a landmark statement yesterday, United States regulators said they may allow banks to provide custody solutions for Bitcoin and other cryptocurrencies for American citizens.