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Regulations
Tether’s general counsel doubles down on support for Peter McCormack
Stuart Hoegner, general counsel for Tether and cryptocurrency exchange Bitfinex, is pushing back against claims the stablecoin operator has abandoned podcaster…
Latvian regulators warn public about cryptocurrency fraud
Latvia's Financial and Capital Market Commission has identified suspect transactions and attempted fraud in the domestic cryptocurrency space.In an official …
Better to get it right than to be first with CBDC, says US Fed chair
The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC,…
How US authorities are using old AML tools to crack down on crypto
The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of that year, there were no federal standards for banks…
Ethereum researcher Virgil Griffith files motion to dismiss North Korea conspiracy charge
Virgil Griffith, the former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People's Republic of Korea, filed…
Digital ruble must ensure privacy, not anonymity: Russia’s central bank
Elvira Nabiullina, the head of the Bank of Russia, argued that there is a line between anonymity and privacy regarding the circulation of an upcoming digital…
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US AML watchdog wants info on all international crypto transactions over $250
The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before. According to a …
South Korean gov’t doesn’t know who will protect crypto exchanges from Kim…
There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges.…
Government sandboxes, test beds and crypto compromises, Oct. 16-23
A line from immortal comic strip Calvin & Hobbes goes “a good compromise leaves everybody mad.” When it comes to laws governing crypto, authorities are usually…
OKEx’s lips remain sealed on its sudden crypto withdrawal freeze
For nearly a week, uncertainty as to why OKEx suddenly suspended its cryptocurrency withdrawals on Oct. 16 has lingered on. The ongoing suspension has been…
SEC sees $5M victory in case against Kik
On Wednesday, the United States Securities and Exchange Commission announced the end of its lawsuit against Kik Interactive.The Canadian messenger app fell afoul…
DLT security standards may turn legacy industries into blockchain innovators
Tokenization has given rise to the “Internet of Value,” an era in which financial assets — or any assets with underlying value — can be easily transferred…
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‘The cryptoruble is the future’ says Russian policymaker
Anatoly Aksakov, the head of the Russian parliament’s Financial Markets committee, had some good news for blockchain fans in Russia. According to Aksakov, there…
Philippines’ central bank isn’t ready to pull the trigger on a CBDC
Philippine central bank governor Benjamin Diokno has announced that the institution's "exploratory" study of central bank digital currency study suggests that much…
Russian officials must now declare crypto holdings
Russia's public officials will be mandated to declare all private crypto assets holdings from New Year’s Day, 2021.The requirements were announced on Oct. 20 by…
US crypto derivatives merchants need to leave customer funds alone, says CFTC
Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer…
Regulation will keep PayPal’s new crypto services from looking anything like crypto
Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States,…
Abramoff-linked crypto firm says SEC has no case against it
The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20,…
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The Bahamas launches world’s first CBDC, the ‘Sand Dollar’
The Central Bank of the Bahamas has announced the country’s “Sand Dollar” — a state-backed virtual currency — is now available nationwide.According to an Oct. 20…
Brazil is prepping an IPO for its state-run digital bank
Brazil's Minister of Economy, Paulo Guedes, said during an online event this Tuesday that Brazil "is about to" join the Organization for Economic Cooperation and…
