Crypto and Laws
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The U.S. Congress inquires the SEC on crypto-related investigations
Today, Congress of the United States sent an official inquiry letter to the U.S. Securities and Exchange Commission’s (SEC) chair Gary...
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President Zelenskyy signs Ukraine’s bill on virtual assets
TL; DR Breakdown President Volodymyr Zelenskyy has signed Ukraine’s bill on Virtual Assets NSSMC and NBU will be the main...
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UK joins regulatory focus as it recruits head of new crypto department
The UK’s financial regulatory body, The Financial Conduct Authority (FCA), has set its sights on crypto in a week filled with news on...
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Russian sanction tightening: G7 intensifies measures and Japan sanctions against crypto usage
The world applied heavy sanctions against Russia in response to its invasion of Ukraine, and the Russian economy had taken a hit . However, the...
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FTX Europe becomes the first crypto exchange licensed under Dubai’s regulatory framework
FTX Europe & MENA (FTX Europe) recently announced that it has obtained a license to establish and operate its virtual asset exchange...
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What are the best countries for running a legal cryptocurrency business?
In 2021 it became clear that the cryptocurrency industry will not be able to avoid regulation. To some extent, the supervisory authorities of...
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EU votes against a de-facto ban on Bitcoin’s POW consensus method in MiCA draft
The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol,...
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The FCA has been warning about Bitcoin for years, but is the real risk not investing?
One of the few financial regulators that have been consistent in its warning about the dangers of the crypto space is UK’s top financial...
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Bitcoin down ahead of the European Parliament’s potential decision to ban PoW coins
TL;DR Breakdown; Bitcoin dropped in price as the European Parliament debates a potential ban on the cryptocurrency. If Bitcoin is banned,...
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Japan orders crypto exchanges to comply with Russia sanctions
Japanese authorities have told crypto exchanges to comply with sanctions imposed on Russia. To do this, it has asked them not to process...
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Today’s EU MiCA vote could ban exchanges from listing proof of work crypto assets
The latest draft of the controversial MiCA report still contains language that could stop crypto service providers from transacting in proof of...
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Apple co-founder Wozniak believes crypto should be at the heart of business
Apple co-founder Steve Wozniak has said Bitcoin should be at the “heart of our business dealings.” However, he went on to say:...
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Tether rejects Ukrainian appeal of banning Russian transactions
TL;DR Breakdown Tether stablecoin rejects the Ukrainian plea of banning business with Russia. Tether claims to abide by...