crypto regulation

Tether (CRYPTO: USDT) plays a critical role in facilitating a "parallel banking system" utilized by organized crime groups. What Happened: According to the United Nations (UN), USDT has become a favored payment method for criminal activities, particularly in the illegal gambling sector in...

Argentina's newly elected President Javier Milei has introduced a draft bill that could significantly impact cryptocurrency holders in the country. This legislation, part of a broader economic and political reform package, aims to incentivize Argentines to declare both their domestic and...

Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong posted a video revealing U.S. Sen. Roger Marshall's admission that the American Bankers Association (ABA) played a significant role in drafting the Digital Asset Anti-Money Laundering Act, also known as the “crypto ban...

New York Attorney General Letitia James on Tuesday announced a settlement with KuCoin, with the Seychelles-based exchange agreeing to pay over $22 million for failing to register as a securities and commodities broker-dealer and for misrepresenting itself as a crypto exchange and is now...

A group of nine bipartisan U.S. lawmakers has appealed to the Treasury Department to reconsider its proposed digital assets taxation regime, expressing concerns that the current proposals, if implemented, could stifle innovation and adversely impact the digital asset ecosystem. The central...

Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam expressed concerns about the limitations of U.S. regulatory authority in preventing another major cryptocurrency market collapse similar to FTX’s downfall. Behnam's Remarks At Financial Markets Quality Conference 2023:...

Alex Konanykhin, the founder and CEO of Unicoin, on Tuesday compared the nascent crypto market to the early days of the Internet, predicting a shift towards more sustainable and robust business models in the cryptocurrency sector. Speaking at Benzinga Future of Digital...

Crypto exchanges, the platforms that allow users to buy, sell, and trade cryptocurrencies and other digital assets, have been at the center of the crypto industry’s growth and innovation. However, they have also been the source of many controversies and risks, such as hacks, frauds, scams,...

The European Union's banking regulator, the European Banking Authority (EBA), has put forward a draft of new regulatory requirements that will affect stablecoin issuers, particularly focusing on bolstering their capital holdings and ensuring ample liquidity. These suggested regulations are...

U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda on Monday stressed the importance of the SEC considering proposals to regulate cryptocurrencies. At the fifth annual Scott Friestad Memorial Lecture in London, Uyeda underscored the necessity of providing clarity in the...

The digital asset landscape is at a pivotal crossroads, with the ethos of decentralized finance (DeFi) — privacy and decentralization — clashing with the growing demands for regulatory compliance. At Solana's (CRYPTO: SOL) Breakpoint crypto conference, Tommy Johnson and Taylor...

The joint report issued by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) — IMF-FSB — on crypto regulation oversight has been accepted by the G20 at its recent meeting. What Happened: At its Oct. 12-13 meeting in Marrakesh,...

In a major move towards expanding its European footprint, crypto exchange Kraken has secured authorization from the Central Bank of Ireland as an E-Money Institution (EMI), while the Bank of Spain has recognized the digital assets provider as a Virtual Asset Service Provider (VASP)....

Ripple (CRYPTO: XRP) CEO Brad Garlinghouse revealed the company's legal expenses surged to a staggering $200 million, doubling from the $100 million reported in July 2022. This significant increase underscored the escalating tensions between the cryptocurrency sector and the U.S....

South Korea's taxation body revealed that this year, individuals and firms disclosed foreign cryptocurrency assets amounting to 130.8 trillion won ($98.5 billion). This comes after South Korea mandated the declaration of foreign crypto assets, The Block reported. Incorporating this into the...