Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA’s regime. The United Kingdom’s Financial Conduct Authority, or FCA, has announced that all crypto asset firms marketing to users in the country must be in compliance with its financial promotions regime…
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Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy. Thailand’s Securities and Exchange Commission (SEC) has issued new rules for digital asset service providers focused on investor protection. The new guidelines require digital asset service providers to offer adequate warnings…
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The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership. The United Kingdom’s Law Commission is pushing for the creation of a “distinct” category of personal property to accommodate and protect the unique features of cryptocurrencies and digital assets. The body made the recommendation alongside three other key…
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Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange. Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it. In its…
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Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, but holding and selling remains available until mid-September. Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country. Revolut is preparing to completely delist…
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The liquidations will pave the way for the distribution of the funds to creditors in the near future. The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH). The order was issued by Judge Martin Glenn,…
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Speaking with Cointelegraph at the Collision conference in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressing that it is not “as bad as it sounds.” The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while…
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Approximately $215 million of stolen assets have since been recovered. According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks and rug pulls amounted to $656 million during the first half of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108…
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The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot’s common stock. Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public. In a…
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Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country. Income derived from long-term investments in digital assets will also be relieved from healthcare taxes, the parliamentarians decided. Investors in Slovakia to Pay 7% Tax on Income From Crypto Held More Than a Year Members of the…
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