Crypto and Laws
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FCA digital assets head resigns less than a year after joining
Binu Paul, the head of digital assets for the U.K.’s Financial Conduct Authority (FCA), has bid the organization goodbye less than a year...
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Bybit obtains crypto exchange license in Cyprus
Dubai-based crypto exchange Bybit has achieved a significant milestone by obtaining a license to operate a crypto exchange and offer custody...
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FATF calls for stronger regulation to combat money laundering
The Financial Action Task Force (FATF), the global money-laundering watchdog, has emphasized the need to address regulatory gaps in the compliance...
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Japan’s token issuers are now exempt from corporate tax on unrealized gains
Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto...
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Winklevoss twins slam SEC over crypto crackdown
In a recent episode of “The Network State Podcast” hosted by Balaji Srinivasan, Cameroon and Tyler Winklevoss, founders of Gemini, a...
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Senator Cynthia Lummis criticizes SEC’s action against Coinbase, says lawmakers are working on crypto regulation bill
U.S. Senator Cynthia Lummis said the SEC’s recent action against cryptocurrency exchange Coinbase despite its attempts to comply with...
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Belgium’s chief financial regulator orders Binance to cease Belgian services
Belgium’s Financial Services and Markets Authority (FSMA) has demanded an immediate halt of all cryptocurrency services offered by Binance...
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AI regulation critics need to back off a little
Regulating the burgeoning field of Artificial Intelligence ( AI ) has proven to be a complex labyrinth, with critics of the regulatory fervor...
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Prime Trust cannot fulfill withdrawals, must stop accepting funds: Nevada C&D order
Financial regulators in Nevada issued a cease and desist order against Prime Trust on June 21 after monitoring the company for solvency. In an...
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Binance’s legal woes intensify as Brazil lawmaker seeks to question general manager
Binance , already under regulatory fire in jurisdictions worldwide, is seeing its legal pressures exacerbated in Brazil, where lawmaker Alfredo...
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IMF warns banning crypto may not be an effective long-term strategy
The International Monetary Fund (IMF) stated that banning crypto “may not be effective in the long run.” The comment was made in a...
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Singapore approves Ripple’s Major Payment Institution license application
The Monetary Authority of Singapore (MAS) has approved Ripple’s application for a Major Payment Institution (MPI) License in principle....
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Op-ed: As the House readies a crypto bill, what’s heeded to keep the U.S. at the forefront of web3 innovation?
The following is a guest post from Nilmini Rubin , Chief of Staff and Head of Global Policy at Hedera. When I testified on the future of...
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Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise
Valkyrie Investments has filed for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), according to a June 21 filing....
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Binance asks court to make SEC comply with rules of conduct after ‘misleading’ press release
Binance -related companies asked courts on June 21 to restrict the U.S. Securities and Exchange Commission (SEC) from making certain...