Regulation

Crypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings. Ethereum-based crypto wallet MetaMask has been a long-standing target for scammers — which involves redirecting unwary users to fabricated websites that request access to the MetaMask wallets. Cointelegraph’s investigation on the matter found numerous government-owned websites

The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to change the tax code regarding digital assets.  The FSA submitted the request on Aug. 31. The most notable suggestion in the 16-page document is a bid to free domestic firms from

The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “put Europe at the forefront of advanced economies” in central bank digital

On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circuit Judge Neomi Rao ordered Grayscale’s petition for review be granted and

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.” In the paper, dubbed simply “Taxing the Metaverse,” Kim argues that the metaverse allows participants to create and build wealth entirely

Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote. According to multiple reports from Sept. 2, Shanmugaratnam defeated presidential candidates Ng Kok Song and Tan Kin Lian to become the next president of Singapore with roughly 70.4% of votes.

Australia’s Senate Committee on Economics Legislation has finally provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg. The committee on Sept. 4 reported on the draft bill referred to as “The Digital Assets (Market Regulation) Bill 2023,” asking the bill authors to add some amendments. The Senate particularly concluded that it would pass

The United Kingdom released its five “ambitions” for its global artificial intelligence (AI) safety summit on Sep. 4, with a big focus on risks and policy to support the technology.  The summit, which will take place on Nov. 1-2, is anticipated to unite thought leaders from around the world, including academics, politicians and major tech

The government of South Korea is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets that are used to fund its capital Pyongyang’s illicit weapons program.  According to a report by local media outlet JoongAng Daily, multiple anonymous government sources confirmed on Aug. 3 that the bill

While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should provide an opportunity to include it in all online retail payment options, according to a statement made by Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, on Sept. 3. Giving a speech at

A United States District Court has allowed a nearly three-year-long class action lawsuit against the creators of HelbizCoin to go ahead, as per a court ruling filed on Sept. 1. The class action suit was first brought against Helbiz, its CEO Salvatore Palella, and its partners in 2020, with an amended complaint filed in March

FTX Debtors have disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022. In a recent court filing with the United States Bankruptcy Court for the District of Delaware, several payments that directly benefited senior company executives at FTX and Alameda Research were disclosed.

A group of influential members of parliament (MPs) in the United Kingdom have advised the government to collaborate with democratic allies to address the potential misuse of artificial intelligence (AI), emphasizing London’s aim to be a key player in advancing the emerging technology. On Aug. 31, the Science, Innovation and Technology Committee (SITC), an advisory

Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal. In a Sept. 1 filing with U.S. District Court for the Southern District of New York, Ripple’s legal team said the SEC’s grounds for an appeal largely rested

The Public Service Commission of the state of Kentucky has denied a proposed contract that would have allowed a mining firm to receive a discounted rate on electricity provided by the power company. In an Aug. 28 order, the commission denied a contract between Ebon International and Kentucky Power Company which involved a $50-million investment

Following the United States Securities and Exchange Commission (SEC) delaying decisions on several spot Bitcoin exchange-traded funds, former commission chair Jay Clayton said he believed approval was still going to happen at some point. In an Sept. 1 interview with CNBC, Clayton said major financial institutions backing spot Bitcoin (BTC) investment vehicles represented a shift

The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments, and inadequate financial infrastructure for internal and global connectivity. On Episode 28 of Hashing It Out, host Elisha Owusu Akyaw is joined by Christian Duffus, founder of Fonbnk, to discuss the complexity of onboarding users

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters.  This comes after disclosures were revealed in a Nvidia report that the U.S. government had expanded requirements for export licenses for artificial intelligence (AI) chips. Advanced

As the start date of the trial of FTX co-founder Sam Bankman-Fried (SBF) approaches, new court filings indicate that SBF could pay his expert witnesses more than $1000 an hour should they testify on his behalf. SBF may call seven expert witnesses to testify at his fraud trial that is currently scheduled for Oct. 2,

The crypto community, digital asset organizations and lawmakers have voiced their backing for the Coinbase vs. United States Securities Exchange Commission lawsuit’s dismissal. In a recent update, a fresh attorney, Patrick V. Kennedy, has entered the fray, seeking court approval to represent the Chamber of Digital Commerce as amicus counsel. In a legal document filed