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China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing

11.7.2022
Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to...

Celsius changes legal team, pays off $20M in Aave debts

11.7.2022
The embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

10.7.2022
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

10.7.2022
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial...

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

9.7.2022
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will...

Know thy customer: The future of KYC in crypto

8.7.2022
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer

Web3 activists fight for reproductive rights with NFTs, DAOs and protests

8.7.2022
The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade

India's Law Enforcement Agency Probes Crypto Exchanges For Forex Violations

8.7.2022
The government agency has summoned cryptocurrency exchanges under the the Foreign Exchange Management Act 1999

Proposal to Set Up Russian Crypto Exchange Circulated in Moscow

8.7.2022
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian...

Nvidia's Silence On Abortion Rights Troubles Many Employees

7.7.2022
Ever since the Supreme Court announced that Roe v. Wade was no longer the law of the land, Americans have started turning to a different institution to protect their lives: their employer. The tech and games industry is no different. Staff at Nvidia, which is headquartered in Silicon Valley but...

Russian State Duma Adopts Law Banning Payments With Digital Financial Assets

7.7.2022
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament...

Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks

7.7.2022
The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. Bank of England Calls for Enhanced Crypto...

Solana Labs, Multicoin Accused of Violating Securities Law by SOL Investor

7.7.2022
A California resident alleged that Solana Labs, the Solana Foundation and other key players violated federal securities laws

Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government

6.7.2022
In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament

Here's What Still Needs to Happen Before the EU's MiCA Bill Becomes Law

6.7.2022
CoinDesk looks at what EU crypto companies can expect after the bloc sealed deals on the political shape on anti-money-laundering and licensing laws

$10 Bundle Includes Hundreds Of Games, Helps Fund Access To Abortion

6.7.2022
Game designer Caro Asercion has marshaled together a massive itch.io bundle giveaway to help raise money for abortion funds throughout U.S. states where reproductive health is now, or soon will be, illegal following the Supreme Court’s overturning of Roe v. Wade. It’s just $10, and includes...