Crypto and Laws
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Coinbase introduces KYC rules for its Netherland users to comply with local legislation
Coinbase announced its Netherlands users would have to comply with KYC rules when making transfers to wallets off Coinbase. It stated that the...
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Proposed Gillibrand-Lummis crypto Bill uploaded to GitHub for recommendations
The proposed Responsible Financial Innovation Act (RFIA) bill has been uploaded to GitHub for the crypto community to give their recommendations...
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Max Keiser suggests corruption could be at play over SEC’s denial of spot Bitcoin ETF
Bitcoin-bull Max Keiser gave his take on the absence of a spot BTC Exchange-Traded Fund (ETF) in the U.S., saying it’s...
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US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources
Five U.S. Senators have sent a letter to the White House’s Office of Science and Technology Policy (OSTP), requesting the entity to restrict...
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OSC issues sanctions against Bybit and KuCoin
Canadian regulatory body, Ontario Securities Commission (OSC), has announced financial sanctions against two crypto exchanges. According to the...
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India will consider 28% additional tax on crypto sales next week
Federal and Finance Ministers of India will join a panel on 28-29 June to decide whether to implement an additional 28% tax on cryptocurrency...
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Financial regulators should take more action to protect crypto investors, Swiss regulator says
The last six months have been a financial strain for crypto investors. The market appears to be deteriorating by the day. Financial regulators...
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Bybit, KuCoin each fined more than C$2 million in Canada for securities compliance failures
The Ontario Securities Commission (OSC) has conducted two successful enforcement actions against Bybit and Kucoin. The market regulator said in...
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SEC commissioner criticizes crypto bailouts as ECB president calls for staking regulations
U.S. SEC Commissioner Hester Peirce criticized crypto bailouts in a recent Forbes interview and said the current market crash could set the...
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Qatar plans to launch its own CBDC “Qatari Riyal”
Recently Qatar announced the launch of its crypto, or CBDC, backed by the central bank. According to reports, the country is in the token creation...
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Saylor goes full maxi, slamming everything that isn’t Bitcoin
MicroStrategy CEO Michael Saylor has thrown altcoins under the bus by calling on regulators to do their part in tackling risky crypto industry...
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The U.K makes a turnaround on KYC rule
The U.K. government has pulled back on its plan to collect data on transactions sent to a private or unhosted crypto wallet. The Treasury made...
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U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector
The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the...
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WeChat set to ban crypto-related accounts
WeChat, a messaging application out of China, has just announced a ban on user accounts that provide access to digital assets. According to the...
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South Korean prosecutors have banned Terra employees from leaving the country
South Korea’s prosecutor’s office has restricted key employees of Terraform Labs from leaving the country, according to a report by...