Regulation

Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros. Beneath the rhetoric, the value of research, U.S. citizens’ privacy

A bill aimed at regulating certain internet services in the United Kingdom, including activities in the metaverse, has passed through Parliament and awaits King Charles’ approval to become law.  In a Sept. 19 announcement, the U.K. government said the Online Safety Bill had passed through a final debate in Parliament and will become law in

Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250-million loan from BAM Management, a firm that acts as Binance.US’ holding company. On Sept. 19, a report from the media outlet Decrypt interpreted court documents related to a lawsuit between Binance and the United States Securities and Exchange Commission.

Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization. South Korea’s National Tax Service (NTS) issued an official announcement on Sept. 20, stating that 1,432 individuals and corporations reported overseas accounts in cryptocurrency this year. The total reported amount in

As Brazilian lawmakers discuss the bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill.  Bill number 4.420/2021, authored by Deputy Carlos Bezerra, is currently being considered by the Constitution, Justice and Citizenship Committee

A Kansas bill that aimed to limit and prohibit cryptocurrency donations in political campaigns has been adjourned to January 2024.  Lawmakers in the Kansas House of Representatives introduced the bill — HB 2167 — on Jan. 25, 2023. As previously reported by Cointelegraph, the bill sought to enforce a $100 limit on all political donations

A former Deutsche Bank investment banker, who was charged earlier this year in relation to a fraudulent cryptocurrency trading scheme, has pleaded guilty to investment fraud — and could face up to 30 years in prison. According to a Sept. 19 statement from the Department of Justice, 27-year-old Rashawn Russell pleaded guilty to participating in

Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic. In June and July, nearly all of the crypto stolen was laundered through cross-chain bridges, Elliptic’s data shows a complete reversal from the first half of 2022. In a Sept. 18 blog post, Elliptic

The Philippines Securities and Exchange Commission (SEC) has teamed up with its United States counterpart, as well as the Asian Development Bank to crack down on criminals using cryptocurrencies to commit fraud and other financial crimes. According to a Sept. 15 press release, the three institutions conducted an International Organization of Securities Commissions (IOSCO) Investigation

After a judge declined to give the United States Securities and Exchange Commission (SEC) unfettered access to Binance.US software at a hearing on Sept. 18, Binance CEO Changpeng Zhao (CZ) took to X (formerly Twitter) to make a statement about one point of contention with the SEC. “For the record. Binance US does not use,

Cryptocurrency miners have a new voice in Washington with the launch of the Digital Power Network (DPN), a new coalition affiliated with the Chamber of Digital Commerce. The network is off to a promising start, with many of the United States’ biggest miners on board. The DPN is the first affiliate of the Chamber, and

Joseph Bankman, the father of former FTX CEO Sam Bankman-Fried (SBF), complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a Sept. 18 filing in United States Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against

A three-judge panel from the United States Court of Appeals for the Second Circuit has reportedly taken arguments from lawyers representing former FTX CEO Sam Bankman-Fried (SBF) under advisement in considering releasing him from jail prior to his October trial.  SBF’s defense team and the U.S. Attorney’s office were each given roughly five minutes to argue

Hong Kong regulators are looking to tighten the noose around the crypto market after the arrest of six individuals following allegations of fraud around an unlicensed crypto exchange called JPEX. Hong Kong Chief Executive John Lee Ka-Chiu told reporters on Sept. 19 that the government would increase its efforts to inform investors and remind them

AI and crypto isn’t just a buzz phrase AI Eye has been out and about at Korean Blockchain Week and Token2049 in Singapore over the past fortnight, trying to find out how crypto project leaders plan to use AI. Probably the most well-known is Maker founder Rune Christensen, who essentially plans to relaunch his decade-old

Fintech innovations and emerging technologies have swept the world, causing global lawmakers to rush to understand and regulate them.  While some countries like the United States and El Salvador have had a public relationship with adopting new technologies, others have quietly joined the game. Among these is Latvia, a small country located in the Baltics,

Thailand’s Revenue Department is planning to impose personal income tax on the foreign revenues, including those made from crypto trading, of any person who resides in Thailand for more than 180 days.  According to the Sept 19 report from the Bangkok Post, the new rule will take effect on Jan. 1, 2024, with the first

While the European Union has made significant progress toward regulating crypto by approving its comprehensive framework, Markets in Crypto Assets (MiCA), the need for global regulation still remains, according to one of the top executives of the German Federal Financial Supervisory Authority (BaFin).  In a blog post on Sept 18, Rupert Schaefer, Executive Director of

Debtors of the bankrupt cryptocurrency exchange FTX have launched action against the parents of FTX founder Sam Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business. The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, on Sept. 18 filed a lawsuit against SBF’s

A bill that aims to expand the United Kindom (UK) authorities’ ability to target illicit cryptocurrency usage has been pushed to the final stages for approval by the House of Lords.  The Economic Crime and Corporate Transparency Bill was introduced in September 2022, primarily aimed at tackling crypto-related financial crimes. Over the past year, the