Regulation

East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs).  On Sept. 7, a local media outlet, the Central News Agency, reported that the Financial Supervisory Commission (FSC) of Taiwan had created a draft

Update (Sept. 7, 2023, 11AM UTC): This article has been updated to add more information on the policy paper. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 presidency. The organizations have created the paper to combine the standards

The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives leaving Binance amid growing regulatory troubles has been a

The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness, believes there’s no reason to rush the digital euro until after the next European Parliament elections in June 2024. In her opinion, the European Union’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next

Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers’ reporting requirement. The Office of Advocacy of the U.S. Small Business Administration revealed that the proposal around crypto regulations for brokers was released on Aug.

While Nigeria appears to have a high level of blockchain and crypto awareness, the country is still facing issues related to public education in the field. A group of local blockchain experts discussed blockchain education’s challenges in Nigeria at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the

Australian investors will be left exposed to unregulated markets and investments will be driven away from the country if the Digital Assets (Market Regulation) Bill is rejected by parliament, the bill’s author Senator Andrew Bragg has warned. On Sept. 4, the Senate Committee on Economics Legislation recommended the Senate reject Bragg’s bill and suggested the

The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen. Speaking to Bloomberg on Sep. 7 about his firm’s July partial win against the Securities and Exchange Commission, Larsen argued the regulator

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets. According to a sealed adversary complaint filed on Sept. 6, Celsius is seeking injunctive relief and a declaratory judgment associated with the “recovery of money/property” — according to the title of the docket. The filing

Roman Storm, the co-founder of controversial cryptocurrency mixer Tornado Cash arrested in August, has reportedly pleaded not guilty to all charges related to money laundering and violations of United States sanctions. According to an Sept. 6 X thread from Inner City Press, Storm pleaded not guilty before a judge in U.S. District Court for the

The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The rules will go into effect in 2025. The FASB is the United States organization that sets accounting and reporting standards for organizations that follow U.S. Generally Accepted Accounting Principles (GAAP).

Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claimed that Grayscale is “the 2nd largest BTC entity

Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial. In a Sept. 6 filing in the United States Court of Appeals for the Second Circuit, Clerk of Court Catherine O’Hagan Wolfe said a circuit judge had denied a motion

Federal Reserve Governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him in position to become the Federal Reserve’s next vice chair. In an 88-10 vote in the U.S. Senate on Sept. 6, Jefferson won a majority of support needed for his confirmation as the next vice

A federal judge has ordered that certain bank accounts and property connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the United States Justice Department. According to a Sept. 5 filing in U.S. District Court for the Southern District of New York, a judge signed off on a request to unseal

Currently, no accounting standards are dedicated to crypto assets, so broader guidelines per the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Practice (GAAP) are applied to cryptocurrency accounting. Balance sheets are among the three primary financial statements that businesses need, alongside income and cash flow statements. Whereas income and cash flow statements show

Even if you aren’t personally familiar with famed Japanese contemporary artist Takashi Murakami, you have surely seen his work. The pop artist’s brightly colored signature characters have appeared on everything from limited edition Louis Vuitton bags to Supreme shirts to Vans skateboarding shoes. Having collaborated with celebrities like Drake, Kanye West and Billie Eilish, and

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman explores the drivers that point to Bitcoin heading to $22,000, with investor sentiment worsening after Grayscale Investment’s much-hyped legal victory against the United States Securities and Exchange Commission (SEC) on Aug. 29 and its postponement of multiple spot Bitcoin (BTC) exchange-traded fund applications. According

Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market. Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase Prime, to U.S. investors, according to a Bloomberg report on Sept. 5. Coinbase Prime is a

The United States Attorney’s Office has filed an affirmation of the denial of bail to former FTX CEO Sam Bankman-Fried, claiming that he could attempt witness tampering, and stating that no release conditions would assure the safety of the witnesses. Prosecutors responded to several claims made in his appeal against the bail revocation, calling it