Crypto and Laws
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SEC eyes auditing firms handling cryptocurrency companies
With its intent to counteract cryptocurrency, the U.S. Securities and Exchange Commission (SEC) is beginning to audit firms that work with crypto...
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US Senator Toomey unveils permissive stablecoin bill prior to retirement
Soon-to-be retired U.S. senator Pat Toomey introduced a bill on Dec. 21 that could pave the way for a more open stablecoin framework beginning...
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SEC filing declares FTT a security in FTX case development
The U.S. Securities and Exchange Commission, in its filing against Caroline Ellison and Gary Wang, said that the FTX’s exchange token (FTT)...
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Indian central bank governor calls for crypto ban, champions CBDCs
India’s Central Bank Governor Shaktikanta Das said private crypto assets like Bitcoin ( BTC ) could cause the next financial crisis and...
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India Central Bank Governor’s bold prediction on crypto’s impact on the nation
As the crypto industry continues to expand despite sporadic hiccups, not everyone is on board with the emerging asset class. Governor of...
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Gate Group in talks with Hong Kong authorities over crypto policy, regulation
Gate Group said it discussed Hong Kong’s recent policy statement on virtual assets in a closed-door meeting with the Financial Services and...
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Binance joins Chamber of Digital Commerce, gains foothold in US political system
Binance became a member of the U.S. Chamber of Digital Commerce (CoC) on Dec. 20, according to a company statement . As a member of the...
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SEC wants to end cryptocurrencies, defense lawyer says
The Securities and Exchange Commission (SEC) is attempting to put an end to cryptocurrencies such as Ripple in the United States, according to...
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Coinbase CEO Brian Armstrong calls for regulation of crypto industry
Coinbase CEO Brian Armstrong published a Dec. 20 blueprint on regulating centralized actors in the crypto space while protecting decentralized...
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‘Crypto mom’ calls out SEC’s Howey Test on crypto
SEC Commissioner Hester Peirce, alias ‘Crypto mom,’ has called out the Securities and Exchange Commission (SEC) for using the Howey Test. A...
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Nigeria set to recognize crypto as an investment class
Nigeria lawmaker Babangida Ibrahim said that the country is set to recognize cryptocurrencies as an investment class in its proposed investments...
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Whatever it takes: What should FCA consider in UK’s crypto hub race?
The UK’s financial regulator, the Financial Conduct Authority (FCA), has been continuously facing criticism from British lawmakers and the...
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Auditing firm BDO could follow Mazars in abandoning crypto clients
BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec....
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New York authority lays out conditions for banks to offer crypto-related services
The New York Department of Financial Services (DFS) has released a guideline mandating banking institutions to seek regulatory permission at...
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G20 members look to form policy consensus on crypto post-FTX
Member countries of the Group of 20 (G20) are currently considering creating a policy consensus on cryptocurrency, following the fiasco in the...