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US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
9.7.2022
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine. Washington Wants Japan’s Crypto...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
6.7.2022
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed...
EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies
30.6.2022
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively...
Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing
21.6.2022
The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still...
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors
19.6.2022
Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Bermuda's Crypto Companies Are Launching an Industry Association
9.6.2022
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds
16.5.2022
Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spend Sunday in the green
Elon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter
6.5.2022
Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk....
Major Bitcoin & Crypto Companies Warn of 'Extreme' Risk in Proof-of-Stake Systems
3.5.2022
The risk of corporate capture is extreme in proof-of-stake (PoS) systems as PoS transforms novel financial systems into pure plutocracies, dozens of US-based high-profile companies warned in a letter to the US Environmental Protection Agency....
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Mexican Remittances Are the Continent’s Largest. Crypto Companies Want a Cut
27.4.2022
Bitso, Coinbase and Circle have launched new services, tapping into the money flow between Mexico and the US and taking on established players like Western Union
Latam Is a Hotbed of Opportunities for Crypto Companies, According to Ripple
24.4.2022
Ripple, the cryptocurrency and payments company, has issued an article examining the opportunities that Latam brings for crypto companies as its regulated payments rails come to crypto. While the region faces some obstacles due to its economic traits and the dominance of centralized banks,...
'Let’s build a Europe where Web3 can flourish:' Crypto companies sign an open letter to EU regulators
20.4.2022
Industry representatives call the authorities not to go beyond the scope of the FATF Travel Rule recommendation
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
19.4.2022
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry
New York Senate Authorizes NYDFS to 'Assess' Crypto Companies
9.4.2022
The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for...
Pantera Capital Eyes ‘Mature’ Crypto Companies With New $200M Fund
6.4.2022
The Pantera Select Fund will focus on “revenue-generating companies,” the crypto VC firm said in an investor letter
As More Russians Support Massacre in Ukraine, Here's How Some Big Crypto Companies Respond
6.4.2022
Many crypto companies are taking steps to support Ukrainian users on their platforms, but few are willing to go beyond official sanctions and ban users from Russia altogether despite shocking massacres in Ukraine and the fact that more Russians are supporting this war.
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First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop
6.4.2022
Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin fell sharply after hawkish remarks by Fed Governor Lael Brainard
8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation
17.3.2022
Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) regarding how the agency collects information from crypto companies. According to the crypto community, the SEC’s “requests” for information “are overburdensome...
Senator Elizabeth Warren Announces Sanctions Compliance Bill for Crypto Companies
17.3.2022
The Digital Assets Sanctions Compliance Enhancement Act "would authorize the President to sanction foreign cryptocurrency firms that are doing business with sanctioned Russian entities," the Massachusetts lawmaker said