The Blockchain Association has expressed its support for six plaintiffs who are suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on Tornado Cash, a cryptocurrency mixer. In a recent amicus curiae brief, the crypto advocacy group argued that OFAC’s decision to sanction the privacy protocol was not only unlawful […]
Santander Private Banking International, a division of Banco Santander, is expanding its cryptocurrency trading and investment services to high-net-worth clients with Swiss accounts. The bank initially offers trading facilities for Bitcoin and Ether, with plans to introduce more digital assets in the future. This move sets Santander apart from other large banks that typically focus […]
Binance Holdings, one of the largest cryptocurrency platforms, is currently in talks with the U.S. Justice Department (DOJ) to settle allegations of criminal activities. The settlement amount being discussed could exceed $4 billion, making it one of the largest penalties in the history of the cryptocurrency industry. The allegations against Binance include money laundering, bank […]
Bittrex Global, a cryptocurrency exchange, has announced that it will be winding down its operations and halting all trading activity. The decision, which will affect users globally, comes after the company previously stated that it would only shut down its operations in the United States. Starting from December 4th, all trading activity on the exchange […]
The U.S. Securities and Exchange Commission (SEC) has filed charges against cryptocurrency exchange Kraken for operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has generated hundreds of millions of dollars in revenue since 2018 by facilitating the purchase and sale of securities without registering with the SEC, which […]
Liechtenstein-based cryptocurrency exchange Bittrex Global has announced its plans to wind down operations, starting with the suspension of trading activity on December 4th. In a recent update on their website, Bittrex Global stated that all users with U.S. dollar holdings must convert their funds to euros or cryptocurrency before December 4th to avoid any issues […]
Canada’s Office of the Superintendent of Financial Institutions (OSFI) has initiated a consultation period regarding the disclosure requirements for crypto-assets in federally regulated financial institutions. This consultation was anticipated in the 2023 federal budget and is closely linked to a similar inquiry by the Bank for International Settlements (BIS). The Canadian government aims to establish […]
Republican presidential candidate Vivek Ramaswamy has unveiled a crypto policy framework called “The Three Freedoms of Crypto.” Ramaswamy promises to focus on prosecuting bad actors rather than the code they use or the developers who write that code. He also pledges to provide regulatory clarity and exemptions from securities laws for new cryptocurrencies. Additionally, Ramaswamy […]
Cathie Wood’s ARK Invest has submitted an updated filing for its spot bitcoin exchange-traded fund (ETF), disregarding recent guidance from the Securities and Exchange Commission (SEC). The SEC had recommended that ETF proposals switch to cash creations instead of in-kind creations. However, ARK appears to be sticking with in-kind creations and redemptions, despite concerns about […]
Proprietary trading system operator Osaka Digital Exchange (ODX) is set to launch the trading of digital securities in Japan. This move comes as a response to the growing demand for alternative assets. ODX’s trading system for security tokens will go live on December 25th. Two real-estate firms, Ichigo Inc. and Kenedix Inc., are planning to […]
