South Korean Foreign Affairs Ministry ordered Do Kwon and five other Terra staff to return their Korean passports. They might face a passport freeze and new passport denial if they fail to comply within two weeks.

The EU imposed restrictions on all crypto-related services for Russia-based investors as part of its eighth round of sanctions against Russia.

The European Union signed the regulatory framework of MiCA, a bill that seeks to establish licensing requirements for crypto platforms.

A Tennessee Court dismissed the complaint filed against the IRS by a pair of plaintiffs seeking refunds for the income tax on their Tezos tokens.

Hydrogen Technology and Moonwalkers Trading have come under the SEC's hammer for selling tokens using airdrops and bounty programs while funding its project in 2018.

XRP witnessed an uptrend in its pricing after Analisa Torres overruled the SEC's objections in its ongoing case against Ripple Labs.

The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.

The U.S. Bankruptcy Court in the Southern District of New York has approved the appointment of a third-party examiner to look into Celsius’ finances.

Thailand’s SEC filed civil sanctions against Bitkub and sought fines worth $634K for artificially pumping asset volumes on the exchange.

3313 BTC have been moved from Luna Foundation Guard (LFG) to Kucoin and OKX following the issuance of the arrest warrant for Do Kwon. The prosecutors requested both exchanges freeze the assets.

Regulators from eight states, including California, filed a lawsuit against Nexo for not registering its “Earn Interest Product,” citing that Nexo’s offerings need to be treated as securities. 

Authorities from China’s Hengyang County Public Security arrested members of a major criminal organization as part of the “Hundred-day Action” campaign.

Governor Gavin Newson vetoed a crypto licensing and regulation bill, citing forthcoming federal regulations and findings from ongoing research. This decision has also earned him praise in the community.

The Commodity Futures Trading Commission (CFTC) imposed a $250k penalty against bZeroX and its founders Tom Bean and Kyle Kistner over the platform’s illegal operations.

The UK has introduced a new bill to give enforcement agencies greater power to "seize, freeze, and recover" cryptocurrencies. The bill seeks to strengthen anti-money laundering measures and make the UK business-friendly.

Tornado Cash is finally back up on GitHub after its ban by OFAC. While GitHub is yet to make an official statement, many Ethereum developers have lauded this move.

US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.

The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.

The SEC filed charges against Sparkster Ltd, CEO Daya, and crypto influencer, Balina over an unregistered 2018 SPRK ICO. While Sparkster has agreed to pay a total of $35 million, Balina’s charges may take longer.

The US Securities and Exchange Commission filed a complaint against crypto promoter Ian Balina over violations of the Federal Securities law.

UK’s FCA says crypto exchange FTX is not authorized to operate in the country. It warns citizens of the risks of investing in unregistered companies.

Ripple Labs Inc. filed the motion for a summary judgment earlier today, with Brad Garlinghouse slamming the SEC by claiming it is only concerned with expanding its jurisdiction beyond securities.

In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.

The SEC has been going after bad crypto actors recently. In their recent action, they sued two crypto firms and their owner for using their investors’ funds in Ponzi-like schemes.

The White House has issued a framework for developing and regulating digital assets in the US. This recommendation will address the risks and maximize the potential benefits of crypto assets and their technologies.

Ethereum’s transition to the staking model might draw the SEC’s attention. This is so because SEC expects crypto platforms offering staking services to take the Howey test to determine whether its asset is a security.

Beijing Court has permitted interested Chinese citizens to trade cryptocurrencies only as virtual currencies amidst China’s ban on crypto-related services.

Thai SEC has banned crypto operators from providing or advertising crypto depository services that pay returns to depositors. They claim this move will protect the public from the business risks of these services.

US Treasury Department has blacklisted Bitcoin addresses belonging to Iranian hackers while sanctioning their owners. The hackers have been encrypting their victims' devices, forcing them to pay ransoms in Bitcoin.

Investigation teams from the Seoul Southern District Prosecutor's Office issued an arrest warrant against Do Kwon, co-founder, and CEO of Terraform Labs, over violation of the Capital Markets Act.

The Uruguayan Executive Branch introduced a bill that proposes changes to the Securities Market Law and seeks to establish the Central Bank of Uruguay (BCU) as a regulatory body for virtual assets.

Brazil’s Securities and Exchange Commission (CVM) pressed for changes in the pending cryptocurrency bill to fix a loophole concerning the regulation of digital assets.

US SEC announced its plans to set up two new offices to support the DRP in matters related to crypto asset filings. 

Six plaintiffs filed a lawsuit against the US Department of Treasury’s Secretary Jannet Yellen and other officials over the agency’s decision to sanction Tornado Cash and its services.

The OFSI updated its guidelines to force all “cryptoasset exchange and custodial wallet providers” operating in the UK to report suspected sanction violations to the regulatory firm.

KlimaDAO is making strategic moves to persuade the US Congress to create a legal framework for DAOs. The bill, sponsored by Cynthia Lummis and Kristen Gillibrand, aims to redefine DAOs as business entities.

Thailand’s SEC issued an amendment to the advertising regulations for crypto firms and businesses. 

Albania authorities apprehended Thodex CEO Faruk Fatih Özer after he fled Turkey with $2B worth of users’ funds last year.

Iranian authorities have approved using cryptocurrencies for import transactions to evade sanctions imposed by the U.S. government.

Do Kwon and other entities are facing new class action suits for their involvement in LUNA promotion. The complainants believe that LUNA was run like a Ponzi scheme, leading to its crash.

Kharon alleges Tornado Cash developer Alexey Pertsev was a former employee of a security company affiliated with Russia’s Federal Security Service (FSB).

Many crypto platforms have recently been coming down on Tornado Cash users; however, Tether remains unmoved despite the pressure.

Earlier today, Coinbase announced its acceptance of PayPal into "TRUST," marking another milestone in the solution's journey.

CryptoLaw founder John Deaton has written an op-ed criticizing the regulator's overreach in the crypto space.

Sam Bankman-Fried and Brett Harrison clear the air by pointing out that FTX is not FDIC-insured.

The DOJ’s Office of International Affairs arranges for the extradition of an alleged Russian money launderer from the Netherlands for criminal proceedings in the District of Oregon.

The FDIC recently issued cease and desist letters to five companies, including FTX.US, for false statements.

The SEC moves to prevent Ripple from getting hold of a 2018 William Hinman speech, stating that Ethereum is not a security.

Following the Tornado Cash ban, Coinbase may shut down its staking services than open itself up to protocol-level censorship.

In a bid to step up crypto regulations, the Korean Financial Intelligence Unit (KoFIU), a division under the Financial Services Commission (FSC), aims to block foreign cryptocurrency exchanges that lack domestic licenses to carry out their operations.

The long wait is finally over as US Fed paves the way for crypto banks to join the central banking system.

the US Securities and Exchange Commission charges Dragonchain Inc., Dragonchain Foundation, and the Dragon Company by accusing the founder, John Joseph Roets, of raising $16.5M by the illegal sale of unregistered crypto asset securities

Authorities of Israel bust a multi-million dollar crypto laundering scheme that targeted the French treasury for Covid-19 relief.

The Canadian Securities Administrator has mandated crypto platforms to sign an undertaking protecting investors.

South Korea’s Financial Supervisory Service discovers a series of suspicious transfers worth $1B following a recent probe.

The US SEC has turned up its regulation heat in recent weeks in a bid to curb fraudulent activities in the crypto space.

Polychain Capital is suing the DEX Maker over unissued shares and is requesting its investment back.

An Ohio-based man is in CFTC's crosshairs for complicity in an alleged Ponzi scheme.

Wallets linked to Tornado Cash have been banned by Uniswap, Aave, and Balancer, making them unable to interact with the blockchain

Vauld is under fire by the Indian Enforcement Directorate as they face money laundering charges and asset seizure.

Coinbase could be facing more legal sanctions if users sue the company for suspending email updates during the market downturn.

The Central Bank of the Philippines issued a memorandum to halt the application process for new Virtual Asset Service Provider licenses for three years, starting September 1.

Coinbase reveals that it is under scrutiny by the SEC on suspicion of irregularities in the staking and yield programs.