Crypto and Laws
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US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves
U.S. regulators issued a joint statement to banks on Feb. 23 warning of liquidity risks stemming from cryptocurrency-related clients and their...
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Canada requires crypto exchanges to pre-register within 30 days
The Canadian Securities Administration (CSA) released a notice on Feb.22 requiring crypto exchanges that plan to operate nationwide to undergo a...
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Coinbase discloses ‘uncertain, potential impact’ of SEC subpoenas
Coinbase disclosed outstanding SEC subpoenas per Twitter account @AP_Abacus . The crypto exchange filed its 10-K annual report for the...
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Rep. Tom Emmer introduces anti-CBDC bill
Congress member Tom Emmer (R-Minn.) introduced a bill on Feb. 22 that aims to prevent the U.S. Federal Reserve from providing a CBDC to...
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Paxos asserts that Binance USD is not a security under two separate tests
Paxos published a letter from its CEO, Charles Cascarilla, on Feb. 21 in which the executive discussed the company’s ill-fated BUSD...
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Huobi Token gains 24% as the exchange says it will operate in Hong Kong
Huobi’s exchange token experienced significant gains on Feb. 21. Huobi Token (HT) saw a 23.7% increase in value over 24 hours. At 1:20...
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Binance CEO weighs in on the notion of “offshore” crypto businesses
Binance CEO Changpeng Zhao took to Twitter on Feb. 19 to suggest that differentiating between on-shore and off-shore businesses constitutes a...
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EU seeks to expedite crypto capital laws
The executive of the European Union (EU) has stated that if Europe wishes to meet a globally-agreed deadline, it must accelerate the...
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Hong Kong SFC opens consultation to regulate crypto exchanges
The Securities and Futures Commission (SFC) of Hong Kong has called on the public to provide feedback on its proposed regulation for crypto...
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Kraken and Custodia Bank CEOs say regulators ignored their warnings about scams and fraud
In a Twitter thread, Custodia Bank founder and CEO Caitlin Long said that she provided evidence to law enforcement about a crypto crime months...
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Circle recommends Central Bank of Ireland adopt public blockchains for consumer protection
Quick Take Circle submits a response to the Central Bank of Ireland highlighting the benefits of blockchain-based financial services for...
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U.S. Congress may hold inquiry into Binance.US
U.S. Congress should hold an inquiry into Binance.US over its connection to Merit Peak, according to statements from a senator quoted by Reuters...
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Do Kwon allegedly cashed out 100M worth of BTC via Swiss Bank
The U.S. Securities and Exchange Commission (SEC) alleged that Terraform Labs and its founder Do Kwon transferred over 10,000 BTC to a cold...
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Binance.US sent $400M to a partner firm managed by CZ
Binance.US sent approximately $404 million to a firm managed by Binance CEO Changpeng Zhao, according to a Feb. 16 report from Reuters. That...
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Hoskinson: Contingent staking, why the Cardano community is pushing back
The Cardano community is divided over contingent staking, with detractors calling it a compliance protocol to appease U.S. lawmakers. Input...