Regulation

Celsius exits bankruptcy, begins distributing over $3 billion to creditors

Celsius is now winding down operations and discontinuing its mobile and web platforms to manage crypto loans and savings accounts.

3 years ago · By VINCE DIOQUINO

SEC charges HyperVerse founders with crypto fraud after $2 billion Ponzi scheme

HyperVerse founders Sam Lee and Brenda Chunga stand charged criminally with conspiracy to commit wire fraud.

3 years ago · By VINCE DIOQUINO

Hong Kong readies stablecoin regulation, receives first Bitcoin ETF application from Harvest Fund

The report indicates that Hong Kong's regulatory body may approve multiple spot bitcoin ETF applications, similar to the US SEC's approach.

3 years ago · By VINCE DIOQUINO

‘Britcoin’ moves to design phase, but final decision awaits

Bank of England (BOE) is exploring the feasibility and design of a digital pound, dubbed 'Britcoin', but a final decision is pending.

3 years ago · By VIVIAN NGUYEN

Latest

Nexo files claim for $3 billion in damages over dropped criminal investigation

Jan. 24, 2024

Nexo files claim for $3 billion in damages over dropped criminal investigation

The suit comes after prosecutors raided Nexo's offices in early 2023 on allegations of organized criminal activity related to crypto lending.

By VINCE DIOQUINO

Coinbase issues statement on US Treasury’s proposed crypto mixing rules

Jan. 23, 2024

Coinbase issues statement on US Treasury’s proposed crypto mixing rules

The proposed rules would require crypto exchanges and platforms to report any transactions sent to or received from a mixer service.

By VINCE DIOQUINO

Terraform Labs files for Chapter 11 bankruptcy, faces mounting legal pressure

Jan. 22, 2024

Terraform Labs files for Chapter 11 bankruptcy, faces mounting legal pressure

The bankruptcy filing comes after a US federal judge ruled last month that Terraform Labs' LUNA and MIR tokens qualify as securities.

By VINCE DIOQUINO

South Korea’s Presidential Office urges local regulators to reconsider stance on Bitcoin ETFs

Jan. 19, 2024

South Korea’s Presidential Office urges local regulators to reconsider stance on Bitcoin ETFs

The presidential office's advisory to the FSC urged the regulatory body to revisit its stance on crypto offerings such as Bitcoin ETFs.

By VINCE DIOQUINO

EU reaches provisional agreement on stricter AML rules for crypto firms

Jan. 18, 2024

EU reaches provisional agreement on stricter AML rules for crypto firms

The new requirements force know-your-customer (KYC) checks on transactions over €1,000 — even those involving self-hosted wallets.

By VINCE DIOQUINO

OKX secures conditional license from Dubai regulator

Jan. 16, 2024

OKX secures conditional license from Dubai regulator

OKX commended VARA's efficient licensing process and effectiveness in governing the crypto sector responsibly.

By VINCE DIOQUINO

South Korea targets crypto mixers for anti-money laundering efforts

Jan. 15, 2024

South Korea targets crypto mixers for anti-money laundering efforts

South Korea authorities is set to regulate crypto mixing services, following global trends to combat money laundering.

By VIVIAN NGUYEN

Senator Warren questions blockchain industry’s ethics in hiring government officials, Blockchain Association responds

Jan. 9, 2024

Senator Warren questions blockchain industry’s ethics in hiring government officials, Blockchain Association responds

Warren questions officials joining crypto, Blockchain Association cites AML benefits, warns overregulation may restrict consumer protection.

By ANA OJEDA

SEC leverages Terraform Labs ruling in Binance proceedings

Jan. 5, 2024

SEC leverages Terraform Labs ruling in Binance proceedings

The SEC's motion against Binance aims Terraform case, where a judge sided with the regulator in determining specific tokens were securities.

By ANA OJEDA

South Korea moves to ban crypto purchases with credit cards

Jan. 4, 2024

South Korea moves to ban crypto purchases with credit cards

Under the proposal, cryptocurrencies would be designated as "prohibited for payment" under the country's credit finance laws.

By VINCE DIOQUINO