Regulation

Roman Semenov, one of the co-founders of Tornado Cash, has reported his account was suspended at the developer platform, GitHub, following the United States Treasury Department’s sanctioning of the privacy protocol. In a Monday tweet, Semenov said that despite not being individually named as a Specially Designated National, or SDN, of Treasury’s Office of Foreign
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Crypto exchange Crypto.com has announced a key regulatory milestone in South Korea after securing two local companies, giving it access to crypto and payments registration. The announcement came during Korea Blockchain Week 2022 after the company announced the acquisition of payment service provider ‘PnLink Co. Ltd.’ and virtual asset service provider ‘OK-BIT Co. Ltd.’ The
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The United Kingdom is paving the road for cryptocurrency services, courting startups and established players alike while leading the way in pioneering regulation on stablecoins and nonfungible tokens. But a lot has changed. After two years of deliberations, European Union lawmakers achieved agreement on the Markets in Crypto-Assets (MiCA) regulation, marking a pivotal moment for
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Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms. On Thursday, New York-based legal firm Bragar Eagel
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Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom. On Aug. 4, it was reported in local media that the SEC had granted operating licenses to four more digital asset operators. These include Krungthai XSpring, a crypto broker affiliated with one of the country’s leading banks,
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The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives.  In a report released Thursday, the TTP said that many crypto firms based in certain U.S. states have “reaped
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The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate.  According to the statement, the inquiry will highlight various areas of engagement with crypto and digital asset
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Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to “risk management” concerns, suggesting a shift in Portugal’s pro-crypto position. The country’s central bank appears to have given the financial institutions the green light to take action. Several of Portugal’s top banks recently closed the accounts of CriptoLoja, the
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The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls for lowering taxes for individual investors on crypto earnings.  The fiscal 2023 tax reform request addressed key issues that the advocacy groups believe act as a hindrance
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The United States Senator Elizabeth Warren is continuing her anti-crypto campaign, this time proposing legislation that would effectively shut down bank-provided cryptocurrency services, according to a Bloomberg report on Thursday. To keep Wall Street away from the cryptocurrency market, Senator Warren, who is on the Senate Banking Committee, is urging committee members and senators to sign
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