Latest News
SEC Charges Ian Balina Over Promotion And Sale Of Unregistered ICO
Crypto regulation
September 20, 2022
The US Securities and Exchange Commission filed a complaint against crypto promoter Ian Balina over violations of the Federal Securities law.
FCA Warns Citizens Over FTX’s Lack of Authorization to Operate in the UK
Crypto regulation
September 19, 2022
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 CEO Claims SEC Is Not Interested In Applying The Law
Crypto regulation
September 18, 2022
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.
CZ Binance Supports Biden’s Regulatory Policy
Crypto regulation
September 18, 2022
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.
SEC Sues Crypto Companies for Fund Mismanagement
Crypto regulation
September 16, 2022
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.
White House Releases Framework For the Development of Crypto Assets
Crypto regulation
September 16, 2022
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 New Staking Model May Draw SEC Attention
Crypto regulation
September 16, 2022
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.
Chinese Court Authorizes Crypto Trading But Only as Virtual Assets
Crypto regulation
September 15, 2022
Beijing Court has permitted interested Chinese citizens to trade cryptocurrencies only as virtual currencies amidst China’s ban on crypto-related services.
Thai SEC Prohibits Crypto Operators From Providing Staking and Lending Services
Crypto regulation
September 15, 2022
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 Sanctions Iranian Hackers And Blacklists Their Bitcoin Addresses
Crypto regulation
September 14, 2022
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.
South Korean Prosecutors Issue Arrest Warrant Against Terraform Labs CEO
Crypto regulation
September 14, 2022
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.
Uruguayan Authorities Submit A Bill To Grant Regulatory Powers To BCU
Crypto regulation
September 14, 2022
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.
Brazilian CVM Demands Changes In The Pending Crypto Bill
Crypto regulation
September 12, 2022
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.
SEC To Set Up Specialized Offices To Review Crypto Filings
Crypto regulation
September 11, 2022
US SEC announced its plans to set up two new offices to support the DRP in matters related to crypto asset filings.
Crypto Investors File A Lawsuit Against US Treasury Over Tornado Cash Sanctions
Crypto regulation
September 10, 2022
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.
UK Mandates Crypto Exchanges To Provide Reports Of Suspected Sanction Breaches
Crypto regulation
September 5, 2022
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 Partners With Tusk Strategies To Convince Congress To Write DAOs Into Law
Crypto regulation
September 5, 2022
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 SEC Mandates Stricter Regulations On Crypto Advertising
Crypto regulation
September 2, 2022
Thailand’s SEC issued an amendment to the advertising regulations for crypto firms and businesses.
Thodex CEO Arrested In Albania
Crypto regulation
August 31, 2022
Albania authorities apprehended Thodex CEO Faruk Fatih Özer after he fled Turkey with $2B worth of users’ funds last year.
Iran Approves Using Crypto To Settle Import Transactions
Crypto regulation
August 30, 2022
Iranian authorities have approved using cryptocurrencies for import transactions to evade sanctions imposed by the U.S. government.
TerraForm Labs CEO Slapped With Fresh Lawsuits On Counts Of Terra Token’s False Promotion
Crypto regulation
August 30, 2022
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.
Arrested Tornado Cash Developer Accused Of Having Ties With Russia’s FSB
Crypto regulation
August 26, 2022
Kharon alleges Tornado Cash developer Alexey Pertsev was a former employee of a security company affiliated with Russia’s Federal Security Service (FSB).
Tether Maintains Position On Leaving Tornado Cash Addresses Unfrozen
Crypto regulation
August 25, 2022
Many crypto platforms have recently been coming down on Tornado Cash users; however, Tether remains unmoved despite the pressure.
PayPal Joins Coinbase-Led Compliance Solution “TRUST”
Crypto regulation
August 22, 2022
Earlier today, Coinbase announced its acceptance of PayPal into "TRUST," marking another milestone in the solution's journey.
XRP Attorney Hints That SEC Chair Could Be Messing With Crypto
Crypto regulation
August 22, 2022
CryptoLaw founder John Deaton has written an op-ed criticizing the regulator's overreach in the crypto space.
Top Executives At FTX Respond To FDIC’s Allegations Of ‘False Statements’
Crypto regulation
August 21, 2022
Sam Bankman-Fried and Brett Harrison clear the air by pointing out that FTX is not FDIC-insured.
Accused Money Launderer Extradited By U.S. DOJ To Face Criminal Trials
Crypto regulation
August 20, 2022
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.
Financial Regulator Issues A Cease-And-Desist Letter To FTX US For "False" Statements
Crypto regulation
August 20, 2022
The FDIC recently issued cease and desist letters to five companies, including FTX.US, for false statements.
SEC Reinforces Bid Blocking Ripple From Getting Evidence In XRP Lawsuit
Crypto regulation
August 19, 2022
The SEC moves to prevent Ripple from getting hold of a 2018 William Hinman speech, stating that Ethereum is not a security.
Coinbase CEO Says Exchange Will Rather Disable Staking Than Allow On-Chain Censorship
Crypto regulation
August 18, 2022
Following the Tornado Cash ban, Coinbase may shut down its staking services than open itself up to protocol-level censorship.
South Korea To Block Unregistered Virtual Asset Service Providers
Crypto regulation
August 18, 2022
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.
U.S. Federal Reserve Releases Guidelines For Allowing Crypto Banks Into The Central Banking System
Crypto regulation
August 17, 2022
The long wait is finally over as US Fed paves the way for crypto banks to join the central banking system.
SEC Sues Dragonchain Over Sale Of Unregistered Securities
Crypto regulation
August 16, 2022
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
Israel Cracks Down On Crypto Laundering Fraud Against French Treasury
Crypto regulation
August 16, 2022
Authorities of Israel bust a multi-million dollar crypto laundering scheme that targeted the French treasury for Covid-19 relief.
Crypto Platforms Must Complete New Pre-Registration Filing To Operate In Canada
Crypto regulation
August 15, 2022
The Canadian Securities Administrator has mandated crypto platforms to sign an undertaking protecting investors.
FSS Identifies Suspicious Transactions Worth $1B From Undisclosed Crypto Exchange
Crypto regulation
August 15, 2022
South Korea’s Financial Supervisory Service discovers a series of suspicious transfers worth $1B following a recent probe.
Crypto Industry Eyes SEC's Recent Regulatory Actions To Stamp Its Authority
Crypto regulation
August 15, 2022
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 Initiates A Legal Battle With Shipyard Software To Get Back Its Investment
Crypto regulation
August 15, 2022
Polychain Capital is suing the DEX Maker over unissued shares and is requesting its investment back.
CFTC Charges Ohio-Based Man For Alleged $12 Million Ponzi Scam
Crypto regulation
August 14, 2022
An Ohio-based man is in CFTC's crosshairs for complicity in an alleged Ponzi scheme.
Uniswap, Aave and Balancer Ban Users After OFAC Sanctions On Tornado Cash
Crypto regulation
August 13, 2022
Wallets linked to Tornado Cash have been banned by Uniswap, Aave, and Balancer, making them unable to interact with the blockchain
India's Enforcement Directorate Clamps Down On Vauld For Money Laundering; Freezes Assets
Crypto regulation
August 12, 2022
Vauld is under fire by the Indian Enforcement Directorate as they face money laundering charges and asset seizure.
Email Update Pause In The Bear Market Could Bring Troubles For Coinbase
Crypto regulation
August 12, 2022
Coinbase could be facing more legal sanctions if users sue the company for suspending email updates during the market downturn.
Philippines To Close Application Window For New VASP Licenses For Three Years
Crypto regulation
August 11, 2022
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.
SEC Investigates Coinbase Over Crypto Staking Products
Crypto regulation
August 11, 2022
Coinbase reveals that it is under scrutiny by the SEC on suspicion of irregularities in the staking and yield programs.
