Crypto and Laws
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India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from...
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Robinhood dragged to court over market manipulation
Robinhood has been slammed with a class action lawsuit leveled against the company for its actions regarding meme stocks last year. According to...
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Decentralized exchange dYdX blocks user accounts associated with Tornado Cash
Decentralized exchange (DEX) dYdX confirmed it had blocked customer accounts associated with Tornado Cash to comply with U.S. sanctions. dYdX...
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South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz
South Korea’s Financial Services Commission (FSC) will hasten the process of reviewing the current bills on crypto regulation, South...
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MakerDAO plans against sanctions from USDC exposure
Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral....
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SEC, CFTC may seek crypto exposure reports from hedge funds
US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on Aug. 10. The...
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SEC orders Bloom Protocol to register BLT token as security or face $31M fine
The Securities and Exchange Commission (SEC) has sent a cease and desist letter to Bloom Protocol ( BLT ), asking it to register its tokens as...
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Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’
Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see “common sense frameworks for...
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Circle says freezing wallets went against its beliefs on an open internet
USDC stablecoin issuer Circle released a statement to clarify its stance after freezing all ETH addresses affected by the U.S. Treasury...
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China’s Cyberspace Administration issues warning on promotional cryptocurrency material
The Cyberspace Administration of China (CAC) issued a new warning about “ illegal information, accounts and websites” promoting...
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Over 70k Ripple holders join class action lawsuit against SEC
Over 70,000 Ripple ( XRP ) holders have joined John Deaton’s class action lawsuit against the U.S. Securities and Exchange Commission (SEC)....
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Australia starts 1-year pilot to explore CBDC use
The Reserve Bank of Australia has entered the race to investigate potential use cases for a CBDC in the country. Australia is weighing in on the...
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The US OFAC sanctions Tornado Cash for connections with the Lazarus Group
One of the most popular crypto mixers, Tornado Cash, entered the payroll of risky websites according to the OFAC. According to reports, the crypto...
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Erik Voorhees urges MakerDAO community to exit USDC positions after Tornado Cash sanctions
Shapeshift CEO and founder Erik Voorhees recommended the MakerDAO community take precautionary measures after the U.S. Treasury sanctioned...
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Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC
Circle’s USDC has “blacklisted” all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department’s...