Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the United States where he faces several charges. Local prosecutors have reportedly asked a court…
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Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules…
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YouTuber and Crypto Twitter personality Ben Armstrong openly mocked a federal judge’s authority, tweeting pictures of himself on a beach during an ordered court appearance. Ben Armstrong, also known as ‘BitBoy Crypto’, missed a court appearance ordered by a federal magistrate judge in response to the YouTuber’s alleged harassment of counsel in a lawsuit involving…
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The High Court of Hong Kong has made a landmark ruling by recognizing crypto to be property in a legal matter that involved now-defunct crypto exchange Gatecoin. Judge Linda Chan, who presided over the case, reportedly said that crypto has property attributes, according to an analysis of the ruling published by the law firm Hogan Lovells. The…
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Lawmakers in the US House of Representatives are again looking at regulations on stablecoins under new Republican leadership, but partisan differences and bickering between the two sides may delay the passing of any new law on the topic…. Read More: House Lawmakers Rekindle Stablecoin Regulation Debate, Revealing Partisan Rifts Read more »Sign up for e-EUR…
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Coinbase CEO Brian Armstrong has indicated that the exchange could leave the US if regulators don’t clarify their approach to the digital asset space. “Anything is on the table, including relocating or whatever is necessary,” he said during the Innovate Finance Global Summit Tuesday after former UK Chancellor George Osbourne asked whether he could see…
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s regulatory actions say “there’s a great deal of…
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The United Arab Emirates’ (UAE) Securities & Commodities Authority has announced that it is now accepting applications for licenses by crypto firms wanting to set up offices in the country…. Read More: UAE Securities Regulator Opens Door for Crypto Firms’ License Applications – Next Crypto Hub? Read more »Sign up for e-EUR – the progressive…
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A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating the crypto industry. Lawmaker Seeks to Remove SEC’s Chairman U.S. Congressman…
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The New York State Department of Financial Services has passed a new law that requires companies holding a BitLicense to pay assessment fees similar to insurance and banking firms. The regulation will give the NYSDFS new authority to “collect supervisory costs from licensed virtual currency businesses” under a provision in New York’s fiscal year 2023…
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