Category: Regulation News

After Coinbase This Crypto Lender is Facing Regulatory Scrutiny in 3 US States

Coinbase Inc., one of the leading crypto exchanges in the US recently revealed that the Securities and Exchange Commission has threatened it with a lawsuit over an unreleased stablecoin lending service, which according to SEC qualifies as a security. The exchange claimed SEC had offered no clarity on what makes these lending products security despite […]

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XRP Lawsuit: Here’s Why Experts Think Ripple Could Win the Case Against SEC

The XRP lawsuit filed by SEC against Ripple is drawing a near end, and nearly after 9 months of back and forth, experts have weighed in on the possible outcome of the case. The latest development in Ripple vs SEC case saw the defendants file for another seal motion for two exhibits from the Interrogatories […]

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Kyrgyzstan Authorities Reveal over 500 Illegal Crypto Mining Farms

Kyrgyzstan’s State Committee for National Security (SCNS) revealed that they have caught and shut down over 500 illegally operating Crypto mining farms that were directly connected to the power grid. Furthermore, the SCNS also highlighted the unsustainable nature of crypto mining as the mining equipment utilizes up to 3,000 kilowatts of electricity per hour. “More […]

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Chinese Exchange Giant to halt expansion amid Crypto Crackdown in South Korea

As the South Korean crypto crackdown expands, China’s top exchange, OKEx announced halting any further business expansion in the nation to avoid regulators’ wrath. As reported on Twitter by the Chinese Journalist, Colin Wu, this halt has come as an effect of the strict South Korean regulatory policies. Affected by South Korean regulatory policies, OKEx, […]

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Breaking: Binance Reportedly Under CFTC Investigation For Insider Trading

Binance’s regulatory woes have now expanded to the US, in what could be its worst regulatory showdown until now. A recent report from Bloomberg highlighted that the US Commodity Futures Trading Commission (CFTC) is now looking into the crypto exchange on allegations of possible insider trading and market manipulation. U.S. authorities are examining possible insider […]

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Is Cuba next in line with Crypto Legal Tender?

According to Cuba’s official news agency, Prensa Latina’s reportage, the Cuban Central Bank issued its Cryptocurrency Resolution No. 215 on September 16, which has set off virtual currencies as a legal method of commercial transactions in Cuba, effective immediately. Furthermore, the Bank’s Crypto positive resolution was set forth with the demand that crypto businesses are […]

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ECB President asserts “Cryptos are not currencies, full stop.”

ECB President, Christine Lagarde made anti-crypto comments on “The David Rubenstein Show: Peer-to-Peer Conversations“. On the issue of crypto’s global purpose and whether it’s too early to determine one, Lagarde claimed that the decentralized sphere is supported by a highly speculative asset class, which stands nowhere close to the definition of currency. “Cryptos are not […]

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XRP Lawsuit: Ripple files for yet another seal

The latest development in the XRP lawsuit saw Ripple file an appeal again, for the sealing of certain Exhibits. This time around the defendants has filed a letter motion to seal limited excerpts that also include two exhibits from the Interrogatories Dispute, that the SEC filed under seal in support of its September 8, 2021, […]

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S.Korea Crypto Crackdown: 60 Crypto Exchanges to Shut Down Due to This Reason

60 crypto exchanges in South Korea have been asked by the regulatory body to either partially or completely halt their services and inform the customers about it by Friday. The shut down of these exchanges comes as they failed to comply with the latest set of regulations that come into effect from next week. In […]

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South Korean Lawmaker Says Deferring Crypto Taxation is Inevitable, Here is Why

The moves by the South Korea Ministry of Strategy and Finance to tax incomes bordering on digital currencies as planned by January 1 may be an exercise in futility. Faulting the plans, one of the country’s lawmakers, Rep. Noh Woong-rae of the Democratic Party of Korea said the relevant authorities or stakeholders lack the right […]

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