Regulation

The citizens of India might get an option to sign documents digitally through crypto tokens. Such feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology (MeitY). On August 9 MeitY announced the launch of Indian web browser Development Challenge. The Ministry hopes to “inspire and

In France, amendments to the existing crypto regime will come into effect next year to align national regulations with the pan-European framework set by Markets in Crypto-Assets (MiCA).  The Autorité des Marchés Financiers (AMF), France’s principal financial authority, announced the provisions of its General Regulation and its policy on digital asset service providers (DASPs) to

A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase. On July 31, the SEC scored a win after District Judge Jed Rakoff denied Terraform Lab’s motion to dismiss the case, rejecting its

The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’ July 13th summary judgment in its ongoing legal battle against Ripple Labs. In an Aug. 9 letter to Judge Torres, the SEC explained it believed her decision warrants a fresh look by an appellate

The judge overseeing the civil case of the United States Securities and Exchange Commission (SEC) against Ripple Labs plans to schedule a jury trial starting in the second quarter of 2024. In an Aug. 9 filing in U.S. District Court for the Southern District of New York, Judge Analisa Torres said the court would be

PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory clarity. In an Aug. 9 statement, committee ranking member Maxine Waters said she was “deeply concerned” about the PayPal USD (PYUSD) stablecoin without a regulatory

The United States Patent and Trademark Office (USPTO) has accepted CBS Studios’ application for the Star Trek name to be used in nonfungible tokens (NFTs) and crypto collectibles connected to its Continuum series. According to USPTO records, the government office registered the character mark for the Star Trek line on Aug. 8, having received an

Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.  As revealed by local police to the Lethbridge Herald newspaper, the police forces are already enjoying access to Chainalysis Reactor software. The program

Amid the approaching deadline for opting out of the current $22 million settlement with Block.one (B1), EOS Network Foundation (ENF) has called on plaintiffs to drop the lawsuit. The ENF took to Twitter on Aug. 8 to encourage plaintiffs to reject the $22 million settlement Block.one, the firm that was the original seller of EOS

Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureaux De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation. ABCON is a self-regulatory body and an umbrella for all the Central Bank-licensed Bureaux de Change (BDC).

The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools at cryptocurrency exchanges. With rapidly evolving AI technology, the process of creating deepfake proofs of identity is becoming easier than ever. The concerns about AI-enabled risks in crypto have triggered some prominent industry executives to speak out on the

According to South Korean news outlet Chosun Biz, Jinwook Shin, the CEO of crypto exchange Bitsonic — who is under investigation for stealing investments and deposits from exchange users — was arrested by South Korean police on Aug.7. The vice president of Bitsonic will also be put on trial without preliminary detention. According to prosecutors, from January

Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX. The lawsuit, filed on Aug.7, alleged that the investment firms

FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud. An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy entities” allowing FTX co-founder Sam Bankman-Fried

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry. An Aug. 8 announcement by the Federal Reserve Board established the Novel Activities Supervision Program which aims to limit certain crypto-related activities and facilitate a more fair playing field for

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States. According to an Aug. 8 Bloomberg report, lawyers for Salame could enter a guilty plea as early as September, in advance of former FTX CEO Sam Bankman-Fried’s criminal trial, scheduled to start on Oct.

The United States Attorneys’ offices has announced another superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which will include considering an allegedly illegal campaign finance scheme. In an Aug. 8 letter to Judge Lewis Kaplan, U.S. Attorney Damian Williams said the Department of Justice plans to pursue seven charges against SBF in its trial

Normally, the numerous reports published by the Financial Stability Board (FSB) don’t contain particularly bold suggestions.  The international monitoring body, comprised of financial authority representatives from the 20 largest economies of the world (G-20), the FSB limits its scope to risk analysis, not bothering itself with a global vision for economic development. However, the latest

The United Kingdom government could rebalance the power between the central bank of the country, Bank of England (BoE) and the principal financial regulator, the Financial Conduct Authority (FCA), in the former’s favor. That follows from the 40-page response to the consultation process, published by His Majesty’s Treasury on August 7.  The consultation under a

The Brazilian central bank digital currency (CBDC), previously commonly referred to as the “digital real,” has been given its official brand name: the Drex.  On Aug. 7, the Central Bank of Brazil issued a press release revealing and explaining the new brand for its CBDC. Developed by the central bank, the brand “Drex” is an