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Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus
2.10.2023
Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...
SEC Charges FTX Auditor for Helping Clients Violate Securities Laws
2.10.2023
The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations....
Paradigm accuses SEC of bypassing rules in Binance lawsuit
30.9.2023
Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process
Chainlink quietly changes multisig rules, Mixin offers $20M bounty: Finance Redefined
29.9.2023
Mixin Network has offered a $20 million bug bounty to the exploiter behind a $200 million hack to return the remaining funds
Brazil’s Central Bank Tightens Rules as Crypto Adoption Rises
28.9.2023
The central bank of Brazil has vowed to tighten rules and strengthen its oversight of crypto platforms, as crypto adoption in the country surges higher.
Speaking in front of a parliamentary commission on finance and taxation on Wednesday, Roberto Campos Neto, the governor of Brazil’s central bank...
US Lawmakers Urge SEC to ‘Immediately’ Approve Spot Bitcoin ETFs — Say There’s No Reason to Deny Applications
28.9.2023
Four U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to immediately approve spot bitcoin exchange-traded funds (ETFs). “Following the Court of Appeals’ decision, there is no reason to continue to deny such applications under inconsistent...
US Crypto Exchange Kraken Wins ‘Milestone’ Regulatory Approvals in Europe
28.9.2023
Cryptocurrency exchange Kraken announced new achievements in implementing its strategy to pursue expansion on the European market. The U.S. trading platform for digital assets said it has received regulatory nods from the monetary authorities of Ireland and Spain, two of the EU nations with...
Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules
27.9.2023
A federal judge signed off on a defense request to allow FTX founder Sam Bankman-Fried to use an "air-gapped" laptop while in court during his trial next month
Sam Bankman-Fried's political donations can be surfaced in trial, rules judge
27.9.2023
Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence of Bankman-Fried’s political donations in his upcoming fraud trial
Crypto Exchange Bybit Suspending Services in UK to Comply With New Regulations
25.9.2023
Cryptocurrency exchange Bybit is suspending services in the U.K. next month in order to comply with the new rules set by Britain’s top financial regulator, the Financial Conduct Authority (FCA). “The suspension will allow the company to focus its efforts and resources to best meet...
Cøbra Can't Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again
19.9.2023
The pseudonymous Bitcoin.org operator lost an appeal on a November ruling that said he cannot challenge legal fees from the self-proclaimed Bitcoin inventor while remaining anonymous
German crypto regulator calls for global rules to also govern niche finance centers
19.9.2023
BaFin's top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions
Hong Kong to tighten crypto regulation in wake of JPEX fraud case
19.9.2023
The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and declining wallet balances
Malta begins public consultation on revised crypto rules to align with MiCA
18.9.2023
Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA, which comes into effect in December 2024
Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit
13.9.2023
Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot...
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US
9.9.2023
America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and...
UK Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
7.9.2023
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January
Google Updates Crypto Ads Policy, Clarifies Rules for Blockchain Games
7.9.2023
Search engine behemoth Google has revised its advertisement policy on cryptos, allowing blockchain-based non-fungible token (NFT) ads, as long as they adhere to ad requirements and do not advocate gambling-related content....
Read More: Google Updates Crypto Ads Policy, Clarifies Rules...
FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
7.9.2023
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital
Change to US accounting rules will be a boon to companies holding crypto in 2025
6.9.2023
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility