The Financial Services Commission (FSC) in South Korea has announced new regulations for investors in digital assets. By July 2024, investors must receive interest when depositing funds into an exchange. However, nonfungible tokens (NFTs) and central bank digital currencies (CBDCs) are exempt from this requirement.The FSC plans to release legislative guidance on this matter, with […]
A prominent crypto lawyer, John Deaton, has made serious allegations against Senator Elizabeth Warren regarding her oversight responsibilities of the Securities and Exchange Commission (SEC). Deaton claims that Warren has overstepped her role by conspiring with SEC Chairman Gary Gensler, providing him with pre-arranged questions and suggested answers ahead of Congressional hearings. Deaton argues that […]
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has criticized the FCA for being slow to respond and take action against illicit activities […]
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has criticized the FCA for being slow to respond and take action against illicit activities […]
The United States government has removed two provisions from the National Defense Authorization Act (NDAA) that were aimed at addressing concerns regarding anti-money laundering (AML) in the cryptocurrency industry. The NDAA is a legislation that determines how federal funding can be used by the country’s defense department.The first provision required the US Secretary of the […]
The United States government has removed two provisions from the National Defense Authorization Act (NDAA) that were aimed at addressing concerns regarding anti-money laundering (AML) in the cryptocurrency industry. The NDAA is a legislation that determines how federal funding can be used by the country’s defense department.The first provision required the US Secretary of the […]
Tether, the stablecoin issuer, has announced a new policy aimed at strengthening security within its ecosystem. The company has initiated a voluntary wallet-freezing policy, allowing it to freeze activity connected with individuals and companies on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. This move is seen as a […]
Tether, the stablecoin issuer, has announced a new policy aimed at strengthening security within its ecosystem. The company has initiated a voluntary wallet-freezing policy, allowing it to freeze activity connected with individuals and companies on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. This move is seen as a […]
Dogecoin’s founder, Shibetoshi Nakamoto, has publicly criticized US Senator Elizabeth Warren for her anti-cryptocurrency stance. Nakamoto accused Warren of being hostile towards the people and having a preference for traditional banking systems. Tesla CEO Elon Musk expressed his agreement with Nakamoto’s sentiment.Warren declared her anti-crypto stance, citing potential threats of digital currencies being used for […]
Dogecoin’s founder, Shibetoshi Nakamoto, has publicly criticized US Senator Elizabeth Warren for her anti-cryptocurrency stance. Nakamoto accused Warren of being hostile towards the people and having a preference for traditional banking systems. Tesla CEO Elon Musk expressed his agreement with Nakamoto’s sentiment.Warren declared her anti-crypto stance, citing potential threats of digital currencies being used for […]
