Crypto and Laws
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CipherTrace report shows a decline in illicit activity in the crypto ecosystem
Amid the extreme market conditions, a June 13 report by CipherTrace details positive developments in the crypto ecosystem, suggesting a decline...
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Eric Adams, Mayor NYC, disputes bill abolishing PoW mining
Mayor Eric Adams of New York City is vocally opposing the rule governing cryptocurrency mining. The bill would make it illegal to mine bitcoins in...
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US SEC tracking exchanges for insider trading
The US SEC has been conducting an internal raid into the affairs of respective platforms across the country. According to several sources, the...
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South Korea’s top exchanges seek to prevent another Terra-like crash
The top five crypto exchanges in South Korea have decided to form a consultative body that will prevent a situation similar to the Terra crash...
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Terra investors file a class action lawsuit against Binance.US
A group of investors has filed a class-action lawsuit against Binance.US and its CEO for allegedly failing to comply with federal and state...
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Coin Center sues US Treasury and the IRS over alleged financial spying
The decentralized crypto community is also concerned about regulatory issues. On Friday, the Coin Center — a non-profit think tank focused on...
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BlockFi hires lobbyists to streamline talks with policymakers
Renowned crypto lending platform BlockFi has hired lobbyists from Arnold & Porter Kaye Scholer LLP to work on regulatory and tax policy for...
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US Treasury Secretary Yellen advises against Bitcoin for retirement savings
U.S. Treasury Secretary Yellen said Bitcoin, as a retirement savings vehicle, would be a “very risky” move, Bloomberg News reported ....
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Cryptos akin to a ‘world of Caribbean pirates’ without regulations: Indian CEA
On Thursday, 9 June 2022, the Indian Chief Economic Adviser V Anantha Nageswaran referred to cryptos as “a world of Caribbean...
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Yellen wary of inclusion of crypto in retirement plans
US Secretary Janet Yellen has given her opinion about plans by several parties to add digital assets to the portfolio of investments for retired...
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Top 5 Korean exchanges delist Litecoin, label it ‘dark coin’ following MWEB upgrade
The top five Korean exchanges all announced a simultaneous delisting of Litecoin ( LTC ) on June 8, according to local news outlet News 1 ....
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Solstin opposes Lummis’ bill; says Bitcoin should be separate from other digital assets
U.S. Senate candidate Brian Solstin in a Tweet opposed Senator Cynthia Lummis ‘ bill aimed at incorporating digital assets into the U.S....
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CFTC may become main regulator for crypto industry
The Commodity Futures Trading Commission (CFTC) is garnering support to be the primary regulator for the crypto industry amongst stakeholders in...
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Jamaica, in a historic move, makes its CBDC a legal tender
Jamaica has become the first country to offer a CBDC legal tender in an attempt to provide a difference in a cash-rich environment — and help the...
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NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines
The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8 released formal guidelines for...