Crypto and Laws
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French authorities launch preliminary investigation into Binance for illegal activities and money laundering
According to reports by French Daily Le Monde, the French branch of Binance, the world’s largest cryptocurrency exchange, is currently under...
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BlackRock spot Bitcoin ETF ‘not happening,’ application politically motivated, says Noelle Acheson
Noelle Acheson of the Crypto is Macro Now newsletter poured cold water on the possibility of the U.S. Securities Exchange Commission approving...
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SEC under congressional scrutiny as BlackRock’s spot Bitcoin ETF application moves forward
U.S. House Financial Services Committee Chair Patrick McHenry said he would “closely” watch how the Securities and Exchange Commission...
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Russia eyes crypto mining legalization by 2024
Crypto mining could be legal in Russia as soon as 2024, according to the Chairman of the State Duma Committee on Financial Market Anatoly Aksakov....
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FDIC orders OKCoin to correct misleading insurance claims
The U.S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about misleading statements...
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CoinEx Settles for $1.7 Million, Ceases New York Operations
CoinEx, a Hong Kong-based cryptocurrency trading platform, has reached an agreement with the New York Attorney General’s office to pay $1.7...
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Tether stops fighting freedom of information request, allows disclosure of reserve data
Stablecoin firm Tether said on June 15 that it has released reserve data after ending a legal fight to keep that information private. Tether...
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Texas regulator says Abra secretly moved funds to Binance, has been insolvent for months
The Texas State Securities Board filed an emergency cease and desist order on June 15 against the cryptocurrency lending firm Abra. In its...
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Binance.US reportedly cuts 50 staff following SEC charges
Binance.US, the American counterpart of Binance, has laid off about 50 staff members across its legal, compliance, and risk departments., Reuters...
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Prometheum, a SEC-registered broker-dealer, sets Twitter ablaze with speculation: here’s what you need to know
Crypto firm Prometheum’s co-founder and co-CEO Aaron Kaplan testified before the U.S. Financial Services House Committee on June 13 The...
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Brazil’s new legislation sets the stage for cryptocurrency success under president Lula
In recent developments, Luiz Inácio Lula da Silva, the current president of Brazil, has emerged as a prominent figure in cryptocurrency. His...
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Hong Kong regulator urges banks to accept crypto clients
The Hong Kong Monetary Authority (HKMA) is encouraging banking giants to accept crypto exchanges as clients, the Financial Times reported on...
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Cryptocurrency lender Celsius’s bankruptcy plan faces creditor pushback
Unexpectedly, cryptocurrency lender Celsius has made a significant stride forward in its efforts to relaunch operations by submitting an amended...
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Digital euro proposal set for debate as EU advances AI restrictions legislation
Separate reports indicate that lawmakers in the European Union (EU) are advancing potential rules around a “digital euro” and...
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House Committee hearing talks crypto regulation
Navigating the complex world of digital assets and the emerging regulatory landscape, a U.S. House Committee hearing on June 14 had Representative...