Genesis to pay $8M fine, forfeit BitLicense as NYDFS settlement
The New York Department of Financial Services (NYDFS) says Genesis Global Trading will pay an $8 million fine and surrender...
Regulation
Turkey’s crypto regulation is at the final stage: report
Turkey’s crypto regulation seeks to align the country’s anti-money laundering laws with the scope of the Financial Action Task Force...
Honduras’ Próspera Zone recognizes Bitcoin as an official unit of account
Próspera Zone in Honduras officially recognizes Bitcoin as a unit of account, expanding financial freedom. Acting manager Jorge Colindres leads...
India issues compliance notices to nine offshore exchanges including Binance
India issues show-cause notices to Binance, Kucoin, and others for PMLA violations. Finance Ministry urges blocking URLs of offshore exchanges...
Argentina’s President Milei proposes incentives for declaring crypto holdings
Argentina’s President Milei proposes tax incentives in a draft bill for crypto regularization. Asset regularization scheme offers favourable rates, encouraging...
South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches
South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI. Pullix disrupts crypto exchange norms: PLX token presale,...
SEC asks for final changes to spot Bitcoin ETF filings: Report
The US Securities and Exchange Commission (SEC) has set December 29, 2023 as the date for final changes to spot...
BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model
Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are amending their filings to comply...
FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show
In the three months ending Oct. 31, defunct crypto exchange FTX has been burning through approximately $53,000 every hour on...
FTX debtors assess value of crypto claims based on petition date market prices
The debtors of the now-defunct cryptocurrency exchange FTX have filed an amended Chapter 11 plan of reorganization, which proposes that...
SEC faces accusations of contradiction in Coinbase rulemaking dispute
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s...
Ripple issues white paper on CBDCs, reiterates belief in their potential
Ripple has doubled down on its public support for central bank digital currencies (CBDCs) in a new white paper. The...
Crypto in the well and snake villain star in FCA’s pixelated animation
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has vigorously promoted its marketing rules for crypto firms since...
German asset manager DWS joins Galaxy to issue euro stablecoin
Deutsche Bank’s asset management arm, DWS, is forming a new venture with Michael Novogratz’s Galaxy Digital and Flow Traders to...
Only 11 of Elizabeth Warren’s 330 bills have ever passed
United States Senator Elizabeth Warren’s crypto Anti-Money Laundering bill has been causing a massive stir in the crypto industry. But...
US gov’t removes two crypto AML rules from national defense bill
The United States government has eliminated two provisions from the National Defense Authorization Act (NDAA) that were designed to address...
UK FCA crypto skills gap is causing slow enforcement, says National Audit Office
The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority...
EU officials reach ‘historic’ AI regulation deal
The European Parliament and Council negotiators reached a provisional agreement on the rules governing the use of artificial intelligence (AI) on...
Binance founder CZ must stay in US until sentencing, judge orders
Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February, with...
Hong Kong bans two crypto sites for misleading investors
Hong Kong’s Securities and Futures Commission (SFC) banned the two crypto websites for scamming users. HongKongDAO and BitCuped were blocked...
France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin
Société Générale, France’s third-largest bank, has debuted its native euro-pegged stablecoin, making it one of the first European banking giants...
Web3 firm detects major security flaw in common smart contracts
Smart contract development firm Thirdweb reported a security vulnerability that potentially “impacts a variety of smart contracts across the Web3...
