Crypto and Laws
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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...
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Top 5 Korean exchanges delist Litecoin, label it ‘dark coin’ following MWEB upgrade
The top five Korean exchanges all announced a simultaneous delisting of Litecoin ( LTC ) on June 8, according to local news outlet News 1 ....
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Solstin opposes Lummis’ bill; says Bitcoin should be separate from other digital assets
U.S. Senate candidate Brian Solstin in a Tweet opposed Senator Cynthia Lummis ‘ bill aimed at incorporating digital assets into the U.S....
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CFTC may become main regulator for crypto industry
The Commodity Futures Trading Commission (CFTC) is garnering support to be the primary regulator for the crypto industry amongst stakeholders in...
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Jamaica, in a historic move, makes its CBDC a legal tender
Jamaica has become the first country to offer a CBDC legal tender in an attempt to provide a difference in a cash-rich environment — and help the...
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NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines
The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8 released formal guidelines for...
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Japan-based exchanges to change screening method for listing crypto assets
Japan Virtual and Crypto assets Exchange Association (JVCEA) plans to ease its strict screening process for listing new cryptocurrencies after the...
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South Korea eyes listing rules for crypto exchanges after LUNA scandal
South Korean lawmakers are calling on the country’s crypto exchanges to formulate guidelines for listing and delisting cryptocurrencies,...
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Hong Kong classifies NFTs as financial asset, mandates licensing
Hong Kong’s Securities and Futures Commission (SFC) recently published an advisory paper that recognized NFTs as “collective...
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SEC legal action over BNB token prompts fears over which altcoin is next
The SEC has opened an investigation into Binance to determine whether its BNB token was a security offering when sold in 2017, Bloomberg News...
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New York governor weighs whether to sign Bitcoin mining moratorium
Last week, New York Senates passed a bill proposing a two-year moratorium on crypto and Bitcoin mining activities based on carbon-energy...
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New US bill looks to incorporate crypto into the traditional financial system
Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the U.S. senate. According...
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New Japanese law will consider seizing illegal crypto
A new Japanese law that will ensure that illegal crypto holdings get confiscated is currently undergoing consideration in Japan. According to...
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Lawmaker behind NY crypto mining bill clarifies it is not a blanket PoW ban
The controversial New York crypto mining bill is not looking to ban Proof-of-Work (PoW) crypto mining, Anna Kelles, the lawmaker who wrote and...