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OFAC Update Claims Ronin Hack Is Tethered to North Korea’s Hacker Syndicate Lazarus Group
15.4.2022
According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit...
Texas regulators order virtual casino to stop selling NFTs
14.4.2022
The State Security Board considers the sale of 11,111 NFTs a “high-tech fraudulent securities offering.”
China-based regulatory and trade associations target NFTs in latest risk notice
13.4.2022
“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations
Brazilian Senate announces incoming approval of the ‘Bitcoin law’
13.4.2022
The law will allow the President of Brazil to designate or create a regulatory agency to oversee the crypto market
Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists
13.4.2022
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as...
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex
12.4.2022
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s...
Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11
11.4.2022
The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval
Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win
11.4.2022
The law firm representing Ira Kleiman has sent a notice of appeal to the Florida District Court in an attempt to appeal the court’s rejection of a Kleiman v. Wright retrial. The self-proclaimed Bitcoin inventor, Craig Wright, was cleared of all charges at the end of the Kleiman v. Wright...
Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions
10.4.2022
The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session....
Number of UK crypto firms operating under FCA temporary registration status drops
8.4.2022
The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock, and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom
EU bans providing 'high-value crypto-asset services' to Russia
8.4.2022
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal
NY State Supreme Court dismisses petition against crypto mining company
8.4.2022
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm
Russians collectively hold $130B in crypto, prime minister says
8.4.2022
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
7.4.2022
"Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen
Toomey drafts bill to exempt stablecoins from securities regulations
7.4.2022
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations
Sweden’s central bank completes second phase of e-krona testing
6.4.2022
The Swedish CBDC is now technically ready for integration with banks and payment service providers, according to a report from Riksbank
Tourism Minister of El Salvador Reiterates Effect Bitcoin Has Had on the Sector
5.4.2022
Morena Valdez, the tourism minister of El Salvador, has spoken on the recovery the tourism sector of the country has reportedly experienced even after the Covid-19 pandemic. According to Valdez’s statements, tourism has greatly benefited from the introduction of bitcoin as legal tender...
Germany Shuts Down Hydra Market, Seizes Servers and Bitcoin
5.4.2022
Law enforcement agencies in Germany have targeted Hydra, a leading darknet market (DNM). As part of an operation conducted with U.S. support, the German police were able to establish control over the servers of the Russian-language platform in the country and take down its website. Investigators...
US lawmakers introduce companion bill to 'mitigate risks' from El Salvador’s Bitcoin Law
5.4.2022
"The United States must have a plan in place to protect our financial systems from the risks of [El Salvador's] decision," said Representative Norma Torres
Singapore aims to streamline financial watchdog's authority over crypto firms
5.4.2022
"We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets," said Alvin Tan