The network of rules, statutes, and legal procedures governing the cryptocurrency and blockchain businesses is collectively called “crypto regulation.” The legal standing of these businesses has been a hot topic of discussion ever since Bitcoin’s 2008 white paper. The issues facing legislators and regulators have completely changed. Some authorities have reacted negatively because they perceive cryptocurrency as threatening monetary authority. Others have embraced the sector due to its ability to connect distant economies and promote secure global commerce. However, the majority of the globe is still figuring out how to enact, oversee, and enforce the body of regulations governing such a new industry.
In order to get ready for the issuing of treasury securities on a blockchain platform, the Israeli Ministry of Finance has come up with a project that is currently being called “Eden.” The Tel Aviv Stock Exchange (TASE), a company that provides custody for digital assets, Fireblock, and VMware, a company that develops software solutions … Read more
According to Japan News, the hacker organization known as Lazarus operating out of North Korea, is suspected of launching repeated cyberattacks against Japanese cryptocurrency exchanges. The Japanese National Police and the agencies in charge of financial services have come together to release a joint statement with the goal of educating the general public on the … Read more
The Japanese government is mulling over the possibility of introducing a new rule in an effort to exert more authority over the cryptocurrency industry. At a cabinet meeting on October 16, lawmakers discussed a “bundling bill,” which would combine six distinct regulations to make it hard to launder money in the cryptocurrency market. The goal … Read more
On Monday, the cryptocurrency exchange known as Binance announced that it has begun offering “BUSD Auto-Conversion.” Customers will be able to convert any existing user balances and new deposits of four different stablecoins, including USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD), into the company’s native stablecoin, BUSD. This will effectively delist trading … Read more
Cybercriminals are taking advantage of vulnerabilities in the smart contracts that govern decentralized finance (DeFi) platforms, according to a new warning that was issued by the Federal Bureau of Investigation (FBI) on Monday. The warning focused on attacks against decentralized finance (DeFi) platforms. According to the agency, which cites a report published in April 2022 … Read more
According to a statement released on August 29, the troubled cryptocurrency lender Hodlnaut has been placed under the supervision of interim judicial management (IJM). The notification states that the court has designated Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as temporary managers for the firm based … Read more
Alexis Ohanian, the co-founder of Reddit, is a partner at Seven Seven Six, a venture capital firm that plans to raise $177.60 million for a new cryptocurrency-focused fund that will be called Kryptós. According to the marketing materials for the fund that were viewed by The Information, it was said that “this is possibly a … Read more
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), stated on August 29 that Singapore intends to raise the entry hurdle into cryptocurrency trading for retail investors since these investors are “oblivious” to the risks that are connected with the activity. Menon claims that retail interest in cryptocurrencies is still quite high … Read more
Sam Bankman Fried, a crypto billionaire, is contesting allegations that two of his companies, FTX and Alameda Research, are integrating their venture capital investing activities. The companies in question are FTX and Alameda Research. The announcement, which was made public by Bloomberg, came just one day after Alameda co-CEO Sam Trabucco resigned from his position, … Read more
Another cryptocurrency company in India is now the target of an investigation by India’s financial crimes unit. According to recent reports, India’s Enforcement Directorate (ED) has leveled allegations of illegal forex activity against one of India’s top cryptocurrency exchanges, CoinSwitch Kuber. Additionally, on Thursday, the agency conducted investigations at five other CoinSwitch locations. Reuters was … Read more