Regulation news · Page 49
Taiwan Introduces Comprehensive Regulations for Cryptocurrency Exchanges and Stablecoin Issuers
Taiwan's new Virtual Asset Service Act provides clear licensing for crypto exchanges and stablecoin issuers, enhancing oversight and customer protection.
Binance and CEO Changpeng Zhao Face £150 Million Lawsuit from British Investors
Binance and founder Changpeng Zhao face a $200M lawsuit from U.K. investors over unapproved risky trading products and significant losses.
New Stablecoin OUSD Set for Launch with Collaboration from BlackRock, Coinbase, and Ripple
BlackRock, Coinbase, Ripple, and others are launching OUSD, a revenue-sharing stablecoin with zero fees and decentralized governance for institutions.
Bankruptcy Proceedings Against Cryptocurrency Exchange Knaken Aim to Safeguard Customers' Assets
Dutch prosecutors aim to declare the crypto platform Knaken bankrupt to protect 30,000 customers locked out of their funds after operations were halted.
XRP Ledger and VS1 Finance Collaborate to Launch Open-Source Lending Framework
The XRP Ledger Foundation partners with VS1 Finance to develop an open-source lending framework for compliant, permissioned lending on the XRPL.
Australia Implements New Crypto Regulation Starting July 1, 2023
Australia's crypto travel rule starts July 1, requiring exchanges to implement new transfer checks, impacting transparency and user privacy.
Singapore Court Orders Terraform Labs to Compensate Investors Over $3 Million Following UST Collapse
A Singapore court has awarded over $3M to 40 investors due to Terraform Labs' fraud related to the TerraUSD collapse, holding co-founder Do Kwon liable.
Ripple's Ascendance in Asia's Digital Payment Sphere
Ripple is emerging as a key player in Asia's digital payments landscape, expanding partnerships and regulatory engagements with central banks across the region.
Azerbaijan's Central Bank Pursues Licensing Framework for Cryptocurrency Regulation
Azerbaijan proposes new crypto regulations requiring licenses for virtual asset firms, aiming for a secure financial system and market development by 2030.
Bybit Adjusts Services for EEA Users as MiCA Compliance Approaches
Bybit to limit EEA users' access to services as it aligns with Europe’s MiCA regulations, ensuring users can manage their positions before changes.
Miles Guo sentenced to 30 years for orchestrating $1 billion cryptocurrency fraud
Miles Guo, a self-exiled Chinese billionaire, was sentenced to 30 years for a $1 billion crypto fraud scheme, defrauding thousands of investors.
Binance Reports $300 Million Annual Compliance Investment Amid Fraud Prevention Successes
Binance invests $300M annually in compliance, intercepting over $10.5B in fraud and aiding $8.2B in asset recoveries since 2021. Learn more.
Star Xu of OKX Challenges Binance's Narrative on MiCA Licensing Withdrawal and Its Impact on Europe
OKX CEO Star Xu disputes claims by Binance's CZ that the MiCA licensing failure is a loss for Europe, raising compliance and regulatory issues.
U.K. Sets 2027 Deadline for Cryptocurrency Firms to Comply with FCA Regulation
The UK Financial Conduct Authority has set a deadline of October 25, 2027, for crypto firms to obtain full authorization under new regulatory rules.
Supreme Court Expands Trump's Power to Dismiss Regulatory Officials, Impacting Crypto Legislation
The Supreme Court ruling now allows Trump to fire SEC and CFTC commissioners at will, impacting crypto regulation significantly.
BNY Mellon Enhances Digital Asset Custody with USDC Services for Institutions
BNY Mellon introduces USDC minting and redemption services, enhancing its Digital Asset Custody platform for institutional clients and supporting stablecoin access.
The Shift in Europe's Crypto Landscape: MiCA Compliance Sets the Stage for Ripple, Hedera, Cardano, and XDC's Rise
Explore how the MiCA regulations are favoring Ripple, Hedera, Cardano, and XDC Network as the EU's crypto landscape shifts towards compliance and institutional trust.
The CLARITY Act's Implicit CBDC Ban: Understanding the Wider Implications
The CLARITY Act includes a significant provision banning a US central bank digital currency (CBDC), impacting private stablecoins and financial privacy.
BitMEX Undertakes Major Executive Restructuring Amid Potential Sale Talks
BitMEX undergoes a leadership overhaul, replacing its CEO and top executives as part of plans to reorganize amid potential sale discussions.
EBA Proposes Stricter Penalty Framework for Crypto Compliance in the EU
The European Banking Authority proposes a new penalty framework under MiCA for crypto token issuers, allowing hefty fines for regulatory breaches.
