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Crypto firms have already breached new UK promo rules 221 times, says FCA
26.10.2023
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too
New Nintendo Rules Cause Massive Smash Bros. Fan Freakout
25.10.2023
Nintendo’s relationship with the grassroots competitive scene around its Super Smash Bros. games has never been great, But today it may have hit an all-time low. Fans of the company’s enormously popular fighting game franchise are collectively freaking out about a new set of tournament guidelines...
FinCEN Proposes New Rules that Could Impact Bitcoin's CoinJoin Services Alongside Mixers
23.10.2023
The Financial Crimes Enforcement Network (FinCEN) has put forward a notice of proposed rulemaking that could have significant implications for the crypto mixers, including Bitcoin (BTC)'s CoinJoin.
If these new rules are implemented, they would classify the mixing of convertible virtual...
Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems
20.10.2023
According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital...
Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms
19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...
IRS crypto tax reporting rules threat to industry — Coinbase legal chief
19.10.2023
The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto tax regime will come into effect from January 2026
DLT Securities Rules Are Here to Stay, EU Official Says
18.10.2023
New European laws took effect in April, but fears over its limited scale may have inhibited take-up
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...
Binance Adheres to U.K. Rules, Pauses New User Sign-Ups
17.10.2023
Binance has announced that it will halt the acceptance of new users in line with the newly implemented cryptocurrency marketing regulations in the United Kingdom.
In a Monday blog post, the largest cryptocurrency exchange in the world said that the move is aimed at ensuring compliance with...
EU Formally Agrees on New Crypto Tax Data Sharing Rules
17.10.2023
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities
UK City Minister Andrew Griffith Advocates Clarity in Crypto Ad Rules
16.10.2023
UK City Minister Andrew Griffith has called for more clarity and flexibility in the country's recently enacted crypto advertising rules, according to a Financial Times report.
The rules, which became effective earlier this month, are among the strictest in the world and are designed to enhance...
Binance to Stop Accepting New U.K. Users to Comply With Ad Rules
16.10.2023
The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance's local partner from approving crypto ads
Coinbase continues push to compel SEC to act on crypto rulemaking petition
14.10.2023
Coinbase’s Chief Legal Officer Paul Grewal has once again called for a mandamus to compel the SEC to respond to the firm’s crypto rulemaking petition
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...
China sets stricter rules for training generative AI models
13.10.2023
The draft regulations emphasize that data subject to censorship on the Chinese internet should not serve as training material for these models
Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports
13.10.2023
Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s new crypto rules as well as growing user base and...
Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC’s Smart Contract Game
12.10.2023
A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM Set a...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
British MPs urge action on NFT copyright infringement, crypto fan tokens
11.10.2023
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...