Hong Kong warns that crypto firms are not “banks”
Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks...
Regulation
XRP lawyer John Deaton joins LBRY case as amicus curiae
Lawyer John Deaton, who represents numerous XRP token holders in the Ripple- Securities Exchange Commission (SEC) lawsuit, has formally submitted...
Stoner Cats NFTs creator charged by SEC, to pay $1M fine
SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of NFTs. Stoner Cats will...
US ‘the only country’s crypto startups should avoid, says Ripple CEO
The United States is one of — if not the worst — place to launch a cryptocurrency startup in the...
India embarks on crafting crypto regulations after ruling out ban
India was long thought to be planning a complete ban on cryptocurrencies. However, in the just concluded G20 Summit, India...
France launches a certificate for finfluencers, including crypto
Amid the current pressure on so-called “finlfluencers,” promoting investment products in their blogs, France makes a step toward outright licensing...
G20 moves forward with international crypto framework
Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy...
CFTC fines Utah man over $2.5M for leveraged Bitcoin fraud
CFTC announced Jacob Orvidas had conducted a leveraged Bitcoin fraud between October 2017 and July 2020. Orvidas was also charged...
Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans
Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an...
US Treasury, IRS propose cryptocurrency regulations for brokers
Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) —...
CBDCs will gradually displace private banks, says Russian lawmaker
Central bank digital currencies (CBDC) and blockchain technology are likely to displace traditional banks, according to a lawmaker in Russia.Anatoly...
Digital euro can ward off a host of private payment service ills: ECB official
The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro. ECB executive...
Platforms must provide digital yuan retail payment option
While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgrades, wallet providers should...
FTX court filing reveals former Alameda CEO’s $2.5M yacht purchase
FTX debtors have disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency...
UK MPs call for global alliance to tackle AI misuse
A group of influential members of parliament (MPs) in the United Kingdom have advised the government to collaborate with democratic...
Elon Musk’s X platform has payments licenses in seven US states
The most recent payment license that X obtained was from Rhodes Island. Some of the US states that X has...
Crypto may see second wind in the US as courts ‘rein in the SEC’ — Lawyer
There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen...
Crypto exchange Binance is considering a full exit from Russia
Key takeaways Binance is considering exiting the Russian market as it continues to face regulatory challenges in other parts of...
SEC charges LA company with offering of NFT securities
SEC charged US-based media company Impact Theory with offering and touting investment potential of their Founder’s Key NFTs. Impact Theory...
Indian PM Modi calls for global cryptocurrency framework at G20 Summit
Indian Prime Minister Narendra Modi called for a global collaboration on formulating crypto regulations during the Group of 20 (G20)...
Crypto community reacts to Biden’s proposed crypto tax reporting rules
Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe...
Crypto builders should ‘give up’ serving US customers for 5 to 10 years — dYdX founder
Antonio Juliano, the founder of decentralized exchange dYdX thinks that crypto builders should forget about serving customers in the U.S....
