Exploring the risks, rules of cryptocurrency regulation globally.
South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz
South Korean Financial Services Commission Chairman Kim Joo-Hyun said the new crypto regulation would adopt a balanced approach that ensures investors' protection and market innovation.
MakerDAO plans against sanctions from USDC exposure
With DAI collateralized by 33.9% USDC, MakerDAO is preparing for an emergency shutdown in the case of a sanction by US regulators.
SEC, CFTC may seek crypto exposure reports from hedge funds
The form would give the regulators insight into the level of exposure hedge funds have to digital assets. It would also allow them to gauge the effects of a crash on the overall economy.
SEC orders Bloom Protocol to register BLT token as security or face $31M fine
Bloom Protocol chose to settle with the SEC without admitting or denying any of the commission's findings.
Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’
Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see "common sense frameworks for regulation" next year within the United States.
Circle says freezing wallets went against its beliefs on an open internet
Circle explained that complying with the regulatory demands was both a right and an obligation it owes to continue building trust with all parties.
China’s Cyberspace Administration issues warning on promotional cryptocurrency material
The internet regulator vowed to crack down on online promotion of cryptocurrency to protect the financial interests of the people.
Over 70k XRP holders join class action lawsuit against SEC
Deaton believes SEC’s decision to file a lawsuit against Ripple and its executives for violation of securities law has affected the value of XRP.
US vows to ‘aggressively pursue’ crypto mixers following Tornado Cash sanctions
U.S. Secretary of State Anthony Blinken said the government will continue clampdowns against crypto mixers that are laundering money for criminals.
Erik Voorhees urges MakerDAO community to exit USDC positions after Tornado Cash sanctions
Shapeshift CEO Erik Vorhees urged the MakerDAO community to unwind USDC collateral and move it to a stablecoin more "resistant" to censorship.
Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC
Circle's USDC has "blacklisted" all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department's sanction against the protocol.
CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’
The U.S. Department of Treasury sanctioned the crypto mixer Tornado Cash website on August 8, claiming that cybercriminals with affiliations to North Korea have been using it to launder money.
UAE introduces new reporting requirements to counter crypto real estate money laundering
The new rules requires all real estate agents, brokers, and law firms to report all property transactions involving virtual assets.
Coinbase facing class-action lawsuit amidst SEC investigation
Two law firms in New York have filed a lawsuit against Coinbase for allegedly misleading information about the custody of customers' assets and trading of unregistered securities.
Leak reveals SEC has open case on every US crypto exchange, not just Coinbase
The leak came from an unnamed staffer of Senator Cynthia Lummis' office and revealed that every U.S. crypto exchange and Binance are under investigation.
Senator Warren takes aim at changing rules on crypto offerings from banks
Senator Elizabeth Warren is calling on the OCC to work with the Fed and the FDIC in replacing some regulations on crypto custodial services with more consumer-centric approaches.
Philippines Financial Watchdog warns public against investing with Binance
The Philippines SEC has cautioned the public not to invest with Binance, stating it has no license to offer investment services in the country.