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PortuguêsIn a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm’s founders “repeatedly fail to engage” with liquidators, but weren’t shy about talking to the media. The founders of…
Continue ReadingBrazil’s Congress just approved a complete regulatory framework for cryptocurrency markets in the country. Here’s everything that’s in it. On Tuesday, Brazil’s Chamber of Deputies approved a landmark cryptocurrency legislation…
Continue ReadingAccording to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list…
Continue ReadingA cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by…
Continue ReadingThough some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross. The New…
Continue ReadingCongress should start by addressing what cryptocurrencies are securities and what are commodities. As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism…
Continue ReadingHere is why Bitcoin bears stand to profit from this week’s $430 million BTC options expiry. Bitcoin (BTC) has been stuck below the $18,600 resistance for the past 19 days…
Continue Reading“The customer property at LedgerX — the CFTC regulated entity — has remained exactly where it should be, segregated and secure,” said Rostin Behnam in a hearing on FTX’s failures.…
Continue ReadingU.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment…
Continue ReadingThe Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking. Referring to the events surrounding the collapse…
Continue ReadingThe committee chair cited crypto exchange FTX’s “alarming fraud,” liquidity crunch and bankruptcy as examples of financial risks that the Treasury and regulators should address. Sherrod Brown, chair of the…
Continue ReadingNegative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish. Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov.…
Continue ReadingOn Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s…
Continue ReadingAccording to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said…
Continue ReadingCrypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has…
Continue ReadingIndia’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address the…
Continue ReadingBrazilian lawmakers have approved a complete regulatory framework for crypto, regulating the use of bitcoin as payment. Brazilian lawmakers have approved a complete regulatory framework for the trading and use…
Continue ReadingBinance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator’s probe into protections the firms had in place if a failure similar to FTX’s occurred again. Ron Wyden,…
Continue ReadingSergey Vasylchuk, the CEO of Everstake, said individuals behind Russian propaganda used the fall of FTX “to spin yet another tale about money laundering.” Everstake, a blockchain firm that partnered…
Continue ReadingBullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to…
Continue ReadingThe Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of…
Continue ReadingJPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives,…
Continue ReadingIn June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.” Christine Lagarde, president of the European Central…
Continue ReadingThe House event, titled “Investigating the Collapse of FTX,” will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1. The United States House Financial Services Committee…
Continue ReadingThe U.S.-based crypto exchange agreed to pay more than $362,000 as part of a deal “to settle its potential civil liability” related to violating sanctions against Iran. The United States…
Continue ReadingArgentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the…
Continue ReadingBillionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors…
Continue ReadingCryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify…
Continue ReadingBinance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to…
Continue ReadingState securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama…
Continue ReadingThe Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The…
Continue ReadingNew York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings…
Continue ReadingBlock Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines. The CEO of fintech firm Block Earner has…
Continue ReadingThe mayor of New York City, Eric Adams, is not discouraged by the collapse of crypto exchange FTX and heavy market sell-offs. Noting that crypto is coming whether we like…
Continue ReadingU.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We…
Continue Reading“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics,” said the letter.…
Continue ReadingAccording to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the…
Continue ReadingCrypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license…
Continue ReadingBank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not…
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