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Hong Kong Regulator Prepares to Approve In-Kind Spot Bitcoin ETFs
28.12.2023
Hong Kong’s financial regulator has published rules for spot bitcoin exchange-traded fund (ETF) issuers, allowing the use of both cash and in-kind creation models. This approach contrasts with the U.S. Securities and Exchange Commission (SEC), which insists on the exclusive use of the cash...
Crypto Regulation News Weekly Digest: Anti-Money Laundering Support Gains Momentum in US Congress and India Takes Cautious Regulatory Approach
13.12.2023
US lawmakers push for stricter crypto regulation while India reiterated its plan for a slow, evolutionary approach to digital asset legislation. Image by Kerem Goktug Kaya, DALL-E 3. The past week saw major developments on the crypto regulation front. In the United States, The CFTC Chairman...
SEC Pushes for Judge to Classify Crypto as Securities in Terraform Labs Case, Bypassing Jury
5.12.2023
The SEC pushes for a judge to determine if crypto assets qualify as securities in its court case against Terraform Labs. Image by dennizn, Adobe Stock. The Securities and Exchange Commission (SEC) urged a judge on Monday to decide whether certain cryptocurrencies qualify as securities in...
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion
1.11.2023
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million
SEC Announces Increased Oversight of Cryptocurrencies in 2024 Fiscal Plan
16.10.2023
The U.S. Securities and Exchange Commission (SEC) released its fiscal plan for 2024 today, detailing a heightened regulatory focus on cryptocurrency and associated financial technologies. This report comes from the SEC's Division of Examinations and outlines the agency's approach to emerging market...
Former SEC Official Warns ‘Crypto Regulatory Onslaught Will Never End’
13.8.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.” He claimed that cryptocurrency trading platforms, like Binance and Coinbase, are simply playing “a short game of regulatory...
CoinGecko now has an index for crypto tokens alleged as securities
7.8.2023
According to CoinGecko, nearly $85 billion worth of crypto falls under the category of “alleged SEC securities.”
SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT
31.7.2023
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
30.7.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds...
Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature
17.7.2023
The US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank.
According to a Bloomberg article citing sources familiar with the matter, the bank is partnered with hundreds of crypto companies, with a wave of new clients coming in after the collapse...
Binance’s ‘Provocative’ Motion Against SEC Could Expedite Criminal Charges, Warns Former SEC Official
25.6.2023
The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned that Binance’s recent motion accusing the regulator of ethical violations could expedite criminal charges against the crypto exchange. “Binance’s motion is provocative and Binance’s...
Mark Cuban takes on SEC, John Reed Stark and ‘crypto derangement syndrome’
16.6.2023
The billionaire investor got stuck into a heated debate with former SEC official John Reed Stark over crypto regulation
‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?
15.6.2023
A testimony given at a U.S. House hearing by the blockchain firm’s co-founder Aaron Kaplan has drawn the attention of those in the crypto space
Breaking: US lawmakers file 'SEC Stabilization Act' to fire Gary Gensler
12.6.2023
"U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Congressman Warren Davis wrote in reference to SEC head Gary Gensler
Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown
12.6.2023
The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said
Cardano's worst week since May 2021 is over — Will ADA price rebound 40%?
12.6.2023
The price of Cardano lost 30% over the past week as it gets delisted from popular trading platforms such as Robinhood following the U.S. SEC intervention
NFT Cockfighting Game Binned, Is Everything Wrong With Silicon Valley
16.5.2023
For the past year a company known as Irreverent Labs have been working on a game called MechaFightClub, which was to be driven by NFT sales and be based on the proud and ancient sport of cockfighting.Read more
Bakkt Crypto Platform for Institutional Investors Delists Several Digital Assets – Which Cryptos Are Facing the Axe?
15.5.2023
Cryptocurrency platform Bakkt is removing support for 25 out of the 36 tokens offered by its recently-acquired trading platform Apex Crypto.
Bakkt's decision to delist these tokens is part of a wider trend of companies reducing their exposure to risk as they try to navigate uncertain regulatory...
Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities
11.4.2023
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,”...