Crypto and Laws
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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...
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SEC commissioner Hester Pierce criticizes agency’s resistance to Bitcoin spot ETP
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Pierce believes that it is time for the regulator to approve a Bitcoin...
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Huobi stops operating in Thailand under pressure from regulators
The crypto company, Huobi recently closed its operations in Thailand after having a legal problem with national regulators. According to reports,...
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FINRA CEO welcomes crypto employees who were laid off as agency increases focus on digital assets
Financial Industry Regulatory Authority (FINRA) CEO Robert Cook talked about the agency’s direction towards the crypto market to...
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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...