The digital asset industry has been slammed in a new report published by the White House, with many now fearing that even stricter regulations will be introduced in the US. The report, titled the Economic Report of the President, had an entire 36-page chapter dedicated to the crypto industry. Among other things, it went to…
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Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.” A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of…
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The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority…
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The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.” The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies.…
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The Lone Star State is already home to many crypto and blockchain firms as well as miners taking advantage of the regulatory-friendly environment. Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state. In a resolution released on…
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Belgium’s financial regulator has outlined new crypto advertising laws that require virtual currency firms to include a stark warning about potential risks in their advertisements. The new requirement is part of a crackdown by Belgium’s Financial Services and Markets Authority (FSMA), which was given new powers to supervise digital currency advertising. … Read More: Belgium Cracks…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria, India to Hit 156M Crypto Users This Year, Xapo Bank Integrates USDC Payment Rails…
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Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur. Virtual Asset Industry’s Self-Regulation According to Taiwanese government…
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Today, the US Supreme Court is set to hear arguments in Coinbase’s efforts to push two class-action lawsuits against it into arbitration. This is a historic event too, as it will be the first time the nine Justices of this court will face a crypto-related case. Notably, this is not a crypto case per se.…
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Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial ‘Weaponization’…
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