The EU finalized its controversial Data Act, Coinbase seeks to dismiss an SEC suit, Kraken is ordered to disclose user data to the IRS, and more.
Belarus, Europe's last dictatorship, has announced plans to ban peer-to-peer crypto transactions over concerns about criminal fraud.
The Hong Kong government established a task force for promoting Web3 development, according to a press release on Friday. This comes as South Korea's National Assembly passed the Virtual Asset User Protection Act, marking the country's first step towards building a legal framework for virtual assets. "The Hash" panel discusses the state of crypto regulation in the U.S. compared to the rest of the world.
According to Pamela Draper, it takes a "lot of work and money" for crypto firms to comply with Canada's regulatory regime, but the rules were clearer than those in the U.S.
Mastercard's chief digital officer sees a future in which tokenization is integral to finance but insists that central bank money is still crucial.
Europe's race towards Central Bank Digital Currencies (CBDC) is picking up pace, with countries uniting in vision yet diverse in approaches.
The Hong Kong government has created a web3 task force, composed of various market sector representatives and government officials, to draft guidelines for the ethical and sustainable growth of cryptocurrency within the region.
Cboe's BZX Exchange named Coinbase as the market for its surveillance-sharing agreement, when it refiled its spot bitcoin ETF fund applications for several would-be bitcoin ETF issuers on Friday. This comes after the SEC reportedly said recent spot bitcoin ETF applications were "inadequate." CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments for U.S. crypto regulation.
Singaporean authorities have drafted plans to make it mandatory for crypto exchanges to store their customers' funds in a trust. The legislation will take effect before the end of the year.
Cryptocurrency exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information
Crypto exchange Bittrex has filed a motion to dismiss a lawsuit against them by the United States Securities and Exchange Commission (SEC).
Thailand's Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.
The United Kingdom's Law Commission has put forward recommendations for legal reforms relating to cryptocurrencies and digital assets.
Belarus is working on new legislations to prohibit crypto transactions between individuals in its fight against cybercrimes.
MAS banned exchanges from offering lending or staking services to retail users. Its new consultation will bring rules to curb unfair trading.
The Thai SEC has banned crypto lending services, prohibiting crypto platforms from offering any form of return on deposited crypto by customers.
The U.S. SEC has reportedly denied reports that chairman Gary Gensler resigned from his position at the Commission.
A new study shows 69 percent of crypto firms expressing concern about violating anti-money laundering (AML) regulations.
The world's second-largest crypto exchange, Coinbase, has asked a judge to dismiss the SEC's claim that it acted as an unregistered broker.
The UK crypto industry takes another step toward integration with the formal financial system as a new bill puts regulators in control.
In a speech outlining his economic vision, President Biden took aim at tax loopholes for crypto traders in an attempt to make America fairer.
Paysafe Payment Solutions, Binance's European banking partner, said it would terminate support for Binance as it deals with regulatory challenges globally
King Charles has given his official sanction to the UK's Financial Services and Markets Bill, setting the stage for increased supervision of cryptocurrencies and stablecoins.
New Zealand's central bank is trying to exercise caution in taking a regulatory approach towards crypto and stablecoins, stating that the government is
Slovakian lawmakers have approved legislation to lower the tax rate on cryptocurrency income, a move that is expected to boost crypto adoption in the country.
Coinbase has asked the court to dismiss the lawsuit filed against the company by the US Securities and Exchange Commission (SEC), stating that the tokens mentioned in the lawsuit are not "investment contracts" and therefore do not qualify as crypto asset securities.
Ethereum creator Vitalik Buterin has expressed concern about the US approach to crypto regulation, particularly the impact on projects like Solana
SEC Chair Gary Gensler’s lawsuits against Coinbase and Binance are a turning point for crypto — and an opportunity to fight back.
A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom.
Scaramucci also praised crypto regulation in Canada compared to the current environment in the U.S.
Fidelity Investments is the latest financial firm to apply to create a spot Bitcoin exchange-traded fund, following BlackRock and a number of others since the beginning of the year.
U.S. House of Representatives committee chairs sent a letter to Securities and Exchange Commission Chair Gary Gensler on June 28 demanding an adequate response to their inquiry about the agency’s recordkeeping.
Following a public consultation on crypto and DeFi, the Reserve Bank of New Zealand said it will increase monitoring of the space, but no specific laws are needed for crypto, for now.
The SEC will respond to Coinbase’s defense on July 13, according to a court order in response to the agency’s requested extension.
A U.S. federal court has ordered Kraken to provide user account and transaction data to the IRS as part of a tax investigation.
Bittrex challenges the U.S. Securities and Exchange Commission’s authority, aligning itself with Coinbase.
Binance said it is “obliged” by local regulations in the EU to have the authority to monitor transactions for coins listed on its platform.
The letter warned lawmakers that the current proposed rules would cause heavy regulation of generative AI tools, making it difficult for companies developing the technology to thrive in the region.
The US Treasury has revealed that North Korean hackers and scammers exploit decentralized finance (DeFi) loopholes to launder money and hide criminal activity.
The Autorité des Marchés Financiers (AMF), France's markets watchdog, has expressed its full support for globally coordinated and transparent regulation in decentralized finance (DeFi).
Mainland China officially banned cryptocurrencies in 2021.
As part of the agreement, Silvergate will have to preserve all records, from emails to ephemeral messaging applications.
The House Committee on Financial Services and the House Committee on Agriculture released a long-awaited discussion draft.
The lawsuit is the latest in a string of regulatory setbacks for the world's biggest crypto exchange.
The complaint expands jurisdiction for the agency as it continues to target key cryptocurrencies.
Coinbase shares plummeted on the news.
Treasury Secretary Janet Yellen declined to comment specifically on the SEC's lawsuits against Binance and Coinbase.
Gensler has since that Zhao and Binance "engaged in an extensive web of deception."
