Regulation

The Turkish Lira (TRY) became the most dominant fiat trading pair on Binance in the month of September, according to the crypto exchange’s research. Turkish Lira accounted for 75% of all fiat volume in early September despite being the fourth-largest crypto market globally in terms of transaction volume after the United States, India and the

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and research at the investment arm of Hong Kong crypto firm

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court. In a Nov. 10 statement, the Department of Justice (DOJ) said that U.S. District Judge Edgardo Ramos had accepted 42-year-old Irinia Dilkinska’s

The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated. In a Nov. 9 press release, the parliament said the legislation passed 481 votes to 31 against. To become law, it will now need approval from the European Council

The Chinese artificial intelligence (AI) chip market has been subject to ongoing export restrictions imposed by the United States in October 2022, which prohibited the sale of certain U.S. products to China.  The U.S. initially blocked the export of the highest level of chips produced by companies like Nvidia and AMD. Under the initial October controls, the

Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements. Experts from various backgrounds collaborated on this research project, including early Tornado Cash contributor Ameen Soleimani, Chainalysis chief scientist Jacob Illum, and researchers from the

In an effort to boost state revenues, Laos appears to be turning its attention to the country’s crypto sector. According to a Nov. 9 report by China’s state news agency Xinhua News, citing a report from Laos People’s Army News, cryptocurrency operators in the Southeast Asian country owes $20 million in taxes and licensing fees.

United States Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology Act of 2023, or the CLARITY Act of 2023. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies. The act would ban government employees from using the underlying networks of Chinese

With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch. The expected delay in launch following a potential SEC approval

A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets. The program evaluation report of Maine uncovered the state’s lack of preparedness when it comes to handling cryptocurrencies. It read: “Our office does not currently handle cryptocurrency, but programs like

The principal financial regulator in Spain, the National Securities Market Commission (CNMV), has opened its first case against a technology provider for violating crypto promotion rules in the country.  According to a press release from Nov. 8, the CNMV initiated “sanctioning proceedings” against Miolos for two “massive” advertisement companies in September and November 2022. The

The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwan prosecutors have reportedly found new alleged suspects. The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud, the local TV channel TVBS News reported on Nov. 9.

The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law. SEC Chair Gary Gensler’s comments were made in response to reports that Tom Farley, a former president of the New York Stock Exchange,

Binance’s arguments used in its motion to dismiss a lawsuit from the United States securities regulator relies on an incorrect legal analysis and have no basis in law, the regulator has argued. In a Nov. 7 court filing the SEC rebuffed Binance’s earlier bid to toss the regulator’s suit saying no court has adopted Binance’s

Pro-crypto Congressman Tom Emmer is advancing an amendment aimed at depriving the United States securities regulator from using government funds to go after crypto enforcement. On Nov. 8, Emmer attached an amendment to HR 4664 — the Financial Services and General Government Appropriations Act, or federal budget. The amendment, which has passed unopposed, prohibits the

Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact on tax liability. Whether new

The United States Commodity Futures Trading Commission (CFTC) has unveiled its enforcement outcomes for fiscal year (FY) 2023. It highlights a historic surge in digital asset cases, actions to enforce regulatory obligations for registrants, manipulation and spoofing cases and groundbreaking court decisions in intricate legal disputes. The statement released by the CFTC shows that about

The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation. Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoin backed by a currency that is fully redeemable

Central banks have a responsibility to keep pace with the digital age and lead innovation, Agustín Carstens, general manager of the Bank for International Settlements (BIS), believes. In his opening remarks at a conference in Basel, Switzerland, on Nov. 8, Carstens called central bank digital currencies (CBDCs) the “central element” of this leadership, elaborating on

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, SEBA