FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.
$175K Donation to Coin Center Tops Latest Fundraising Push for Crypto Policy Group
The donation from a group headlined by NEAR, Solana and Celo comes in addition to $300,000 raised via Gitcoin.
SEC Gives Broker-Dealers Room to Handle Crypto Securities
The SEC’s broker-dealer guidance was generally welcomed as a step in the right direction by industry players.
Ethereum Developer Virgil Griffith Will Likely Face Trial Next September
Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions, after a Tuesday hearing where a federal judge clarified what’s being argued.
Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple
The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.
Mt Gox Creditors’ Wait Nearly Over as Trustee Announces Rehabilitation Plan
Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. See also: Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal
How the Incoming Administration Can Fix Crypto Regulation
From securities law to DeFi, there’s a lot for U.S. regulatory agencies to clarify about crypto in the year ahead.
CEO of DeFi Insurer Nexus Mutual Hacked for $8M in NXM Tokens
Nexus Mutual’s CEO, Hugh Karp, lost the tokens after an attacker gained remote access to his computer.
Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
“We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People’s Bank of China.
Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
FinCEN Encourages Banks to Share Customer Information With Each Other
The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.
Privacy Coin Advocates Persevere Amid Multiple Crypto Exchange Delistings
As delisting for privacy coins spreads, advocates argue that not only should regulators want them on exchanges but they should tell exchanges what they need to do to be compliant.
Women in Tech Say Proposed STABLE Act Harms Those It Claims to Protect
Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse.
Money Reimagined: Bitcoin’s Tug of War as Wall Street Moves In
As Wall Street buys bitcoin, crypto faces a fight for its soul. On the one side is mainstream acceptance. On the other: its cypherpunk roots.
Virgil Griffith Still Doesn’t Know What Exact Crimes He Is Accused of, Attorneys Say
Attorneys for Virgil Griffith want the U.S. government to specify the charges he’s facing, rather than a broad claim that he violated U.S. sanctions.
India’s Banks Are Once More Serving Crypto Traders and Exchanges
Indian banks have started doing business with select cryptocurrency exchanges and their customers, CoinDesk has confirmed.
Putin Orders Russia’s Public Officials to Report Crypto Holdings
Russian civil servants must start reporting their crypto assets as the country’s first crypto law comes into force in January.
3 Chinese E-Commerce Giants Join China’s Latest Digital Yuan Lottery Trial: Report
Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online.
New York Attorney General Says Bitfinex, Tether Could Complete Loan Document Handover in ‘Weeks’
The NYAG has said Tether and Bitfinex have been cooperating in its inquiry, which is expected to progress more quickly once the documents are provided.
SEC Enforcement Director to Step Down by End of Year
Enforcement Director Stephanie Avakian led SEC investigations during the heart of its ICO crackdown.