Exploring the risks, rules of cryptocurrency regulation globally.
Singapore’s changed stance on crypto
Last year, Singapore was gearing up to be a global crypto hub. Now the regulators are hardening their approach.
Cardano founder steals the show at Congressional hearing on crypto regulation
In front of a Congressional hearing, Hoskinson spoke cogently, and appeared relaxed, in making a case for more equitable regulatory treatment for the cryptocurrency industry.
Coinbase introduces KYC rules for its Netherland users to comply with local legislation
The rule will require users to provide information of recipients when making transfers to wallets off Coinbase.
Proposed Gillibrand-Lummis crypto Bill uploaded to GitHub for recommendations
Senator Lummis has opined that the bill is seeking comments from industry stakeholders so that it can properly reflect the innovations in the crypto space.
Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K.
The Conservative MP Matt Hancock stated that the UK needs to be more liberal in its approach to crypto regulation.
Max Keiser suggests corruption could be at play over SEC’s denial of spot Bitcoin ETF
Max Keiser suggests the SEC's stance on spot BTC ETFs boils down to a conflict of interest within the organization.
US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources
Five U.S. Senators are proposing to create a national registry for PoW mining companies and mandating them to provide regular disclosures about their energy sources and carbon emissions.
India will consider 28% additional tax on crypto sales next week
India's federal and state finance ministers will come together at a panel on 28-29 June to discuss whether to implement a new tax on crypto transactions.
Bybit, KuCoin each fined more than C$2 million in Canada for securities compliance failures
Ontario's market regulator has fined Bybit and KuCoin for operating unregistered trading platforms in the state.
SEC commissioner criticizes crypto bailouts as ECB president calls for staking regulations
SEC Commissioner Hester Peirce says the tough times in the industry allows people to know who is actually building a product that will stand the test of time.
Saylor goes full maxi, slamming everything that isn’t Bitcoin
Saylor listed three things that weigh down on Bitcoin, one of which is the cross-collateralization of altcoins, which he deems unregistered securities.
The U.K makes a turnaround on KYC rule
The new rule only requires crypto insitution facilitating the transaction to collect personal data on transactions to unhosted or private wallets.
U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector
The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.
South Korean prosecutors have banned Terra employees from leaving the country
Terraform Labs employees are banned from leaving South Korea as the prosecutors office explores charging Do Kwon with fraud and other crimes.
SEC commissioner Hester Pierce criticizes agency’s resistance to Bitcoin spot ETP
Hester Pierce mentioned that Spot ETPs have launched in countries like Canada, and in Europe, generating great investor interest despite the volatile nature of the market.
FINRA CEO welcomes crypto employees who were laid off as agency increases focus on digital assets
The Financial Industry Regulatory Authority welcomes people who got laid off from crypto platforms as it increases resources to understand and monitor cryptocurrencies.
CipherTrace report shows a decline in illicit activity in the crypto ecosystem
CipherTrace reported that crypto crimes has reduced and the crypto ecosystem has grown exponentially in recent years.