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.
Crypto.com Has Obtained the Necessary Regulatory Approvals to Begin Operating in the United Kingdom Today, Crypto.com announced that it had received regulatory authorization to operate as a cryptocurrency business from the Financial Conduct Authority (FCA) in the UK. The file that was made with the FCA indicates that the exchange is registered under the name … Read more
The CEO of Binance explained in a thread that, similar to the worldwide crypto news site Block three years prior, the influential Chinese news outlet 163 was promoting FUD by publishing false information. The CEO of the world’s largest cryptocurrency exchange, Changpeng Chao (CZ), blasted the big Chinese news outlet 163 for releasing false information … Read more
Key Takeaway Gemini is a major cryptocurrency exchange with its headquarters in New York City. On Thursday, Gemini announced that it had launched a staking program called “Gemini Staking.” This program enables customers to stake their assets within their Gemini accounts and earn rewards or interest on those assets. The service makes it possible for … Read more
According to the authorities, customers in South Korea could lose access to over a dozen cryptocurrency exchanges as a result of recent actions taken by local authorities to crack down on foreign companies that are operating illegally in the country without obtaining the required registration. According to a news statement published by the Financial Services … Read more
The recent market crash has caused the financial world to be hesitant to trade Bitcoin. However, several small British Overseas Territories, the Channel Islands, silently provide tax incentives to potential investors to move their investments into crypto. This is happening while the rest of the world is hesitant to trade Bitcoin. Jersey and Guernsey, the … Read more
The SEC Has Filed Charges Against Dragonchain Regarding Its ICO That Raised 16.5 Million DRGN It is alleged that John Joseph Roets, along with his companies Dragonchain, the Dragonchain Foundation, and the Dragon Company, illegally solicited investors for a total of $16.5 million through the sale of crypto asset securities. SEC contends that Roets and … Read more
According to Reports, the CEO of Celsius Took Dangerous Actions That Resulted in a Loss of $50 Million. Alex Mashinsky acquired control of the Celsius trading system a few months before the company went bankrupt. Concerning trading decisions and Frank van Etten’s involvement with the trading style, Mashinsky and Frank van Etten, the company’s previous … Read more
Cryptography policy non-profit organization Coin Center made the announcement today that it is getting ready to challenge the ban that the United States government has placed on Tornado Cash in court. The advocacy group, with its headquarters in Washington, District of Columbia, stated on Monday that the Office of Foreign Assets Control (OFAC) of the … Read more
The Electronic Frontier Foundation Expresses Its “Deep Concern” About the Proposed Ban on Tornado Cash The Electronic Frontier Foundation (EFF), along with other crypto and privacy groups, has joined the chorus of those protesting the decision of the United States Treasury Department to implement sanctions that prevent individuals of the United States from utilizing the … Read more
American financial firms who desired to perform both crypto transactions and traditional banking services had, up until this point, been forced to choose one or the other path to take. That might shift in the near future. This afternoon, the Federal Reserve Board of Governors issued official guidelines to oversee the process by which “institutions … Read more