Category: Regulation

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading in Korean won. 28 Cryptocurrency […]

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US officials now investigating Binance for potential insider trading, market manipulation: report

US officials now investigating Binance for potential insider trading, market manipulation: report

Bloomberg reported Friday that a broad U.S. government investigation into the operator of crypto exchange Binance has widened to include “whether Binance or its staff profited by taking advantage of its customers.” Citing anonymous sources, the outlet said that U.S. officials including the Commodity Futures Trading Commission are investigating the exchange operator for “possible insider […]

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Alabama’s securities regulator is also scrutinizing crypto lender Celsius

Alabama’s securities regulator is also scrutinizing crypto lender Celsius

The securities regulator for Alabama issued a show-cause order on Thursday to Celsius, seeking an explanation from the crypto lending platform for why its offerings don’t constitute the sale of securities under state law. The order precedes actions by Texas and New Jersey, which on Friday moved to launch administration actions against Celsius — in […]

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Securities Watchdogs File Orders Against Crypto Lender Celsius

Securities Watchdogs File Orders Against Crypto Lender Celsius

A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing and is also threatening with a cease and […]

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Wyoming-based DAO files S-1 with SEC for token distribution

Wyoming-based DAO files S-1 with SEC for token distribution

A decentralized autonomous organization (DAO) out of Wyoming is looking to register with the Securities and Exchange Commission (SEC) as a public company, according to a new S-1 filed with the agency. DAOs are leadership structures for grassroots economies run on the blockchain, and can contain secondary markets for exchanging governance tokens that members use […]

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Laos Authorizes Cryptocurrency Mining and Trading Activities

Laos Authorizes Cryptocurrency Mining and Trading Activities

Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of […]

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After BlockFi, New Jersey and Texas set sights on Celsius’ crypto interest accounts

After BlockFi, New Jersey and Texas set sights on Celsius’ crypto interest accounts

On September 17, New Jersey’s securities regulator ordered crypto lending platform Celsius to halt offerings of its interest accounts in the state.  The same day, the Texas State Securities Board filed a notice of a hearing in February to consider a similar move to stop Celsius’ offerings in the state.  Friday’s moves follow broader regulatory […]

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US Senator Requests Government Agencies Step Up Efforts to Prosecute Criminal Use of Cryptocurrencies

US Senator Requests Government Agencies Step Up Efforts to Prosecute Criminal Use of Cryptocurrencies

U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.” US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes […]

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ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious

ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious

The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine […]

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Treasury preps stablecoin framework as officials fear stability, redemption risks: report

Treasury preps stablecoin framework as officials fear stability, redemption risks: report

Citing anonymous sources, Bloomberg reports that a coming Treasury report on stablecoins will highlight risks like the inability to redeem stablecoins for their underlying assets and potential runs on crypto assets as major concerns.  The Treasury report on stablecoins is highly anticipated. Hitherto, stablecoin regulation in the U.S. has happened almost exclusively at the state […]

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