Regulation News

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.

With DAI collateralized by 33.9% USDC, MakerDAO is preparing for an emergency shutdown in the case of a sanction by US regulators.

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.

Bloom Protocol chose to settle with the SEC without admitting or denying any of the commission's findings.

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 explained that complying with the regulatory demands was both a right and an obligation it owes to continue building trust with all parties.

The internet regulator vowed to crack down on online promotion of cryptocurrency to protect the financial interests of the people.

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.

U.S. Secretary of State Anthony Blinken said the government will continue clampdowns against crypto mixers that are laundering money for criminals.

Shapeshift CEO Erik Vorhees urged the MakerDAO community to unwind USDC collateral and move it to a stablecoin more "resistant" to censorship.

Circle's USDC has "blacklisted" all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department's sanction against the protocol.

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.

The new rules requires all real estate agents, brokers, and law firms to report all property transactions involving virtual assets.

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.

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 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.

The Philippines SEC has cautioned the public not to invest with Binance, stating it has no license to offer investment services in the country.

The India-based exchange, which operates as an independent subsidiary of Binance, allegedly violated the provisions of the Foreign Exchange Management Act, 1999.