Regulation Financial News

26.08 / 02:53

markets business regulation us government Startups Customers Crypto builders should 'give up' serving US customers for 5 to 10 years — dYdX founder

Antonio Juliano, the founder of decentralized exchange dYdX thinks that crypto builders should forget about serving customers in the U.S. over the next five to 10 years, experiment in other markets and then return once the time is right.

25.08 / 22:03

Law regulation crimes FTX Court Lawyers Deal Fried Sam Sam Bankman-Fried's lawyers push for temporary release, object to prosecutors' proposed deal

Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficient in order for him to prepare for his criminal trial in October.

25.08 / 21:01

Law regulation privacy investigation Worldcoin Alleged former Worldcoin employee says they're in contact with authorities

An individual calling themselves Nadir Hajarabi, who claimed to have previously worked for Worldcoin, has alleged the human identity verification project may have committed illegal acts during their employment.

25.08 / 20:07

business Binance regulation sanctions P2P P2P Payments Binance P2P removes sanctioned Russian banks from payments list

Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer (P2P) service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25.

25.08 / 17:51

business regulation Altcoin Court Celsius Celsius bankruptcy Judge denies stakeholders request for representation in Celsius bankruptcy case

Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security.

25.08 / 17:17

regulation IRS Taxes Digital Asset IRS releases draft of proposed reporting rules for digital asset brokers

The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating.

25.08 / 13:36

business regulation Court Terra Vauld gets permission for board restructuring from the court

Vauld, a Singapore-based crypto exchange that has been in ongoing bankruptcy proceedings since August 2022, has said that it had received permission from the court to restructure its board. The new top management will lead the company’s bailout process.

25.08 / 10:53

regulation retail Bitcoin Regulation Bitcoin Bitcoin Price HashKey HashKey to start Bitcoin and Ether retail trading in Hong Kong from Aug. 28

Asian cryptocurrency exchange HashKey is set to start offering Bitcoin and Ether crypto trading services to retail customers in Hong Kong starting on August 28, according to a local media report. Investors will only be allowed to invest up to 30% of their net worth into cryptocurrencies when using the platform

25.08 / 10:49

Adoption regulation Paxful P2P Networks P2P P2P Payments Bitcoin P2P marketplaces need to become unstoppable, permissionless - Paxful co-founder

Peer-to-peer Bitcoin (P2P) marketplaces remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful's Ray Youssef.

25.08 / 10:49

Law regulation Court Tornado Cash Bitcoin Lawyer bail Tornado Cash developer Roman Storm released on bail, lawyer says

Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash who was arrested on money-laundering and other charges on Aug. 23, was released on bail soon after he was detained by the United States’ Department of Justice (DOJ), his lawyer said.

25.08 / 10:05

regulation Europe European Union Agency Spain launches AI regulation agency in bid to become industry leader

Spain became one of the first countries in the European Union to establish its own task force for regulating Artificial Intelligence (AI). The Spanish Agency for the Supervision of Artificial Intelligence (AESIA) should guarantee, along with the national digital strategy, that the AI development in the country will be "inclusive, sustainable, and citizen-centered."

24.08 / 15:31

Ethereum regulation Ban Legal UK Financial Today in Crypto: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling for All Financial Products Including Crypto, SBF's Layers Can 'Make Unlimited Advantage of Visitation Hours'

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

24.08 / 14:07

Binance regulation sanctions Bitcoin Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards

Binance’s peer-to-peer (P2P) cryptocurrency exchange in Russia has continued facilitating transactions through sanctioned banks like Rosbank after denying relationships with “any banks.”

24.08 / 11:07

business Ripple XRP regulation SEC Court Lawyers SEC v. Ripple: Attorneys leave SEC side, both groups add new lawyers

Multiple attorneys have moved in and out of the lawsuit between Ripple Labs, its executives and the United States Securities and Exchange Commission, as signified by court filings on Aug. 23.

24.08 / 08:33

business Government regulation Scams UK government Cold Calls UK considers blanket ban on crypto investment cold calls

As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban.

24.08 / 08:33

business Blockchain Binance regulation Bitcoin Debit Cards Binance to halt crypto debit card in Latin America and the Middle East

Cryptocurrency exchange Binance is going to suspend its crypto debit card services in Latin America and the Middle East starting from Aug. 25.

24.08 / 03:05

Adoption regulation Altcoin privacy Smart Contracts Money laundering Tornado Cash indictment fails to show 'clear violation' of certain laws: Coin Center

Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don't show any clear violations of money-transmitting-related offenses.

23.08 / 19:57

Law regulation Scams crimes Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects.

23.08 / 19:27

regulation Department Of Justice sanctions Money laundering Tornado Cash Tornado Cash co-founders charged with money laundering, sanctions violations

The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals and Blocked Persons (SDN) on Aug. 23. Another co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation division in Washington state the same day.

23.08 / 18:25

Binance regulation Binance Faces Criticism Over Alleged Transactions with Blacklisted Russian Lenders

Binance is facing criticism for its alleged involvement in facilitating transfers to and from blacklisted Russian lenders.

23.08 / 18:09

business Ethereum regulation SEC BitStamp Bitstamp halts ETH staking in the United States

Crypto exchange Bitstamp will discontinue staking services for customers based in the United States. In a message shared with Cointelegraph, the exchange announced the ending of Ether (ETH) staking as of Sept. 25.

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