Regulation Financial News

23.08 / 18:09

Law regulation FTX Court Jail Lawyers Fried Sam Sam Bankman-Fried can meet with lawyers outside of jail with 48 hours’ notice, says judge

A federal judge is allowing former FTX CEO Sam Bankman-Fried, or SBF, access to his legal team outside of jail, provided he gives sufficient notice.

23.08 / 16:11

Government regulation Investments Bitcoin Thailand’s next prime minister Srettha Thavisin has crypto history

On Aug. 22, Thailand’s parliament elected real estate tycoon Srettha Thavisin as the country’s next prime minister. Thavisin is best known as the former president and CEO of Sansiri, one of Thailand's largest real estate developers, which also has some background in cryptocurrency.

23.08 / 16:11

Law regulation FTX Court Lawyers Sam Sam Bankman-Fried’s lawyers argue previous FTX legal team led him to act 'in good faith'

Lawyers currently representing Sam Bankman-Fried, or SBF, for his criminal case in the United States plan to elicit evidence the former CEO acted “in good faith” on advice of previous counsel in regards to his alleged actions at FTX and Alameda Research.

23.08 / 13:57

Law Adoption regulation Europe European Union Smart Contracts EU Data Act smart contract ‘kill switch’ brings uncertainty

On June 28, the European Council and Parliament achieved a political consensus on the Data Act, which moves the legislation regarding non-personal data closer to fruition.

23.08 / 10:55

Blockchain Hackers hacks regulation Sky Mavis Bitcoin Bitcoin Wallets FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms

The United States Federal Bureau of Investigation (FBI) has flagged six Bitcoin (BTC) wallets linked to North Korean state-backed hacking group Lazarus. The six wallets contain 1,580 BTC worth $40 million believed to be hoarded from various cryptocurrency hacks over the past year.

23.08 / 10:55

hacks regulation wallet Bitcoin Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June.

23.08 / 06:05

business Law regulation Fraud FTX Court Prison Fried Sam Low Sam Bankman-Fried is low on meds, living on $3 peanut butter in prison

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication.

23.08 / 02:55

business Binance regulation Binance USD Binance.US taps MoonPay as banking alternative to regain USD ramps

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.

23.08 / 02:17

business Adoption regulation Investments lending Loans Bankruptcy BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors.

22.08 / 22:07

Law NFT regulation crimes Court Opensea Prison Fine OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine

A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform.

22.08 / 18:13

regulation Elections debate First Republican presidential debate to feature pro-crypto candidates

Candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto-related policies will be meeting for a debate for the first time.

22.08 / 14:35

business regulation FTX Bitcoin Fried Sam NOT FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report

Sam “SBF” Bankman-Fried, the former CEO and co-founder of crypto exchange FTX, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report.

22.08 / 14:35

regulation Central Bank BIS Bitcoin Financial Crypto amplified financial risks in emerging markets: BIS papers

Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).

22.08 / 13:45

regulation Germany proposes screening Chinese investment in AI and related sectors: Report

The vice chancellor of Germany has reportedly proposed tightening the screening process for foreign direct investment from China, according to reports from local media outlets.

22.08 / 13:45

Law Adoption regulation education Scams Police Crypto P2P scams in India show digital asset education is needed

Peer-to-peer (P2P) cryptocurrency trading has been a staple of the cryptocurrency community since the industry’s early days.

22.08 / 11:55

Blockchain Ripple XRP regulation coinbase Lawyer SEC-Ripple lawsuit cost XRP 3 years of adoption: Lawyer

The United States Securities and Exchange Commission (SEC) lawsuit against Ripple filed in December 2020 has deprived the XRP token of nearly three years of adoption in the United States, said pro-XRP lawyer John E Deaton in a recent post on X (formerly Twitter).

22.08 / 08:49

regulation Upbit Taxes Bithumb Bitcoin South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.

22.08 / 02:13

business Facebook regulation Court Meta Crypto scams Thailand threatens Facebook over crypto scams and other fraudulent ads

Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.

21.08 / 22:11

Law regulation FTX Court Lawyers Fried Sam Sam Bankman-Fried will get one day in court to meet with lawyers

A federal judge overseeing former FTX CEO Sam Bankman-Fried’s criminal case has issued an order allowing Sam Bankman-Fried to meet with his legal team outside of jail for roughly seven hours.

21.08 / 20:53

regulation IRS Taxes guidance Coin Center responds to US lawmakers’ request for crypto tax guidance

Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to the taxation of digital assets.

21.08 / 20:33

ETF regulation SEC Futures crypto futures Crypto futures and ETFs are knocking at the door: Law Decoded, Aug. 13–20.

Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading Commission-regulated derivatives exchange.

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