SEC Charges Abra With Unregistered Sales of Crypto Asset Securities
The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing...
Regulation
Russia Set to Launch Crypto Payment Trials Next Week, Report
Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment...
Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset...
New Zealand Seeks to Adopt OECD’s Crypto Asset Reporting Framework
The New Zealand government has introduced a bill to implement the OECD’s Crypto Asset Reporting Framework (CARF). This framework aims...
SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the...
SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a...
Bank of Russia Eyes Stablecoins for Cross-Border Transactions
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs)...
Argentina’s Ministry of Education adds Ethereum to high school curriculum
Buenos Aires high schools will start offering blockchain internships on August 27. ETH Kipu will train 500 students in Solidity...
German Authority Seizes 13 Unauthorized Crypto ATMs
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and...
615 Crypto Scam Sites Dismantled by Australian Regulator
The Australian Securities and Investments Commission (ASIC) has shut down more than 7,300 phishing and investment scam websites, including 615...
Hong Kong Lawmaker Calls for DAO Regulation to Boost Web3 Investments
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost...
Seychelles Approves Bill on Virtual Asset Regulation
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking...
Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity...
Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade
Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies,...
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration...
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in...
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto...
New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw...
Thai SEC Launches Digital Asset Regulatory Sandbox
The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested...
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include...
CFTC Pays $1M to Whistleblower in Digital Asset Case
The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital...
Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts
Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed...
