According to the Finance Minister of India, the nation will focus on creating a regulatory framework for cryptocurrency during its G20 presidency next year.
CFTC's chairman voiced his opinions on FTX's proposal of eliminating the middleman in crypto derivative trading, and claimed it can potentially cause an evolution in the market structure.
Lawmakers in the European Union have voted in favor of the Markets in Crypto Assets Regulation Bill (MiCA). This moves the bill ensuring stricter rules for crypto companies one step closer to becoming law.
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.
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.
The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.
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 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.
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.
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.
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).
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.
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 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
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.
