Ethereum adviser Steven Nerayoff has made serious allegations against US government law enforcement and regulatory agencies, including the FBI, DOJ, and SEC, accusing them of systemic corruption. These allegations come in response to a tweet by Senator Elisabeth Warren discussing the recent controversy surrounding Binance and its CEO Changpeng Zhao’s guilty plea for violating anti-money […]
The Monetary Authority of Singapore (MAS) has introduced new regulations to protect retail investors in the crypto industry. These measures aim to discourage speculative activities and include rejecting credit card payments and eliminating incentives for crypto trading. MAS also prohibits financing, margin, or leverage transactions and requires service providers to assess customers’ risk awareness levels. […]
The Monetary Authority of Singapore (MAS) has introduced new regulations targeting Digital Payment Token (DPT) service providers in an effort to enhance investor protection in the cryptocurrency and digital payment token space. These regulations apply to various service providers, including crypto exchanges, stablecoin players, and traditional financial institutions. The measures aim to restrict the offering […]
Kraken co-founder Jesse Powell criticized the U.S. Securities and Exchanges Commission (SEC) for what he believes is a convenience-based approach to enforcement actions in the crypto industry. Powell argued that the SEC’s regulatory actions against U.S.-based entities like Coinbase, Ripple, and Kraken reflect a localized enforcement approach rather than a genuine effort to protect consumers. […]
BlackRock and Ark Invest are engaged in discussions with the US Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin exchange-traded fund (ETF). One of the key points of contention is the method of investor redemptions, which has significant implications for tax purposes. BlackRock and Ark Invest are advocating for in-kind redemptions, […]
The collapse of FTX and Binance’s recent $4.3 billion settlement with U.S. authorities have highlighted the need for robust regulation in the cryptocurrency market, according to Ivan Keller, a policy officer for the European Commission. Speaking at the MoneyLIVE conference in Amsterdam, Keller emphasized the importance of the European Union’s markets in crypto-assets (MiCA) legislation […]
The U.S. Treasury has announced that the resolution reached with Binance, a cryptocurrency exchange, is the largest settlement in the history of the Financial Crimes Enforcement Network (FinCEN). The settlement amounts to a staggering $3.4 billion. Additionally, the Office of Foreign Assets Control (OFAC) has imposed a fine of $968 million on Binance, which is […]
Coinbase CEO Brian Armstrong has emphasized the importance of regulatory compliance in the wake of Binance’s recent troubles. In a statement on social media, Armstrong highlighted Coinbase’s commitment to compliance since its inception in 2012, stating that it was necessary to establish trust with customers and adhere to regulations. He noted that Binance’s issues validate […]
Amidst speculation and uncertainty surrounding the departure of Changpeng “CZ” Zhao as CEO of Binance, the new CEO Richard Teng has taken to social media to reassure investors. Following CZ’s announcement, critics of Binance expressed concerns about the source of funds for legal proceedings totaling over $4 billion and discrepancies in the exchange’s proof of […]
Creditors of the defunct Bitcoin exchange, Mt. Gox, have received an email indicating that repayments may soon be on the way. The trustee overseeing the exchange’s estate, Nobuaki Kobayashi, has started sending out emails to rehabilitation creditors, stating that the first repayments will be made in cash in 2023. The repayments are expected to continue […]
