The European Commission may be proposing an all-encompassing set of regulations covering the trading of digital assets across the 27-nation bloc.
SEC Commissioner Peirce Dissents From Unikrn-Killing Fine, Says Action to Have Chilling Effect
Noted cryptocurrency advocate and Securities and Exchange Commissioner Hester M. Peirce issued a public dissent after the SEC levied a $6.1 million fine on online gaming and gambling platform Unikrn for conducting an initial coin offering (ICO) in 2017, a penalty that effectively amounts to the size of the company’s current assets.
Tassat Regains CFTC No-Action Relief Ahead of Eventual Bitcoin Swaps Contract Listing
Tassat blamed COVID-19 and leadership changes for its long delayed bitcoin derivatives contract listing.
Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.
How Crypto Can Win Over Washington, DC
The crypto industry can’t ignore the government if it hopes to go mainstream. There’s too much at stake.
US State Regulators Agree to Single Set of Rules for Fintech, Crypto Firm Licensing
Agencies from 48 states are expected to unveil a new framework today that will simplify and consolidate regulation for crypto companies.
India Said to Be Preparing to Ban Cryptocurrency Trading: Bloomberg
The federal cabinet is expected to shortly discuss a new bill before passing it to parliament, people familiar with the matter told Bloomberg.
Nigeria’s SEC Says All Crypto Assets Are Securities by Default
The Securities and Exchange Commission of Africa’s most populous country said all crypto assets will fall under the regulation that covers securities exchanges and transactions.
Brock Pierce Served Court Papers for Fraud Lawsuit at His Own Presidential Campaign Rally
U.S. presidential candidate and crypto entrepreneur Brock Pierce was legally served during his campaign rally in New York on Monday.
Japanese Crypto Exchange Accuses Binance of Helping Launder $9M From 2018 Hack
Fisco, formerly Zaif, is suing Binance for “aiding and abetting” the laundering of some of the $60 million stolen in 2018.
New York Attorney General to Bitfinex and Tether: ‘Delays Must Stop’
Bitfinex and Tether shouldn’t need more than two months to produce documents about USDT issuances and past operations in New York first ordered 17 months ago, an NYAG lawyer argued in a letter Monday.
Paxful, Citing Regulations and Its Own ‘Risk Tolerance,’ Exits Venezuela’s P2P Bitcoin Market
The exit deprives Venezuela’s crypto scene of its second-largest P2P exchange.
First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve ‘Capture’
Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.
User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF
The international watchdog has recommended comparing users’ age and wealth with their crypto transactions to identify possible criminal activity.
DeFi Lender bZx Loses $8M in Third Attack This Year
An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.
Iran May Fund Car Imports with Cryptocurrency Mining
An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.
US Man Charged Over Diamond Ponzi Scheme That Touted a Crypto Token
A man from Washington, D.C., has been charged with running a diamond investment scam with its own cryptocurrency, Argyle Coin.
Money Reimagined: Ending Money’s Distance Trap
The internet made location irrelevant for information. Can it do the same for money?
French Central Bank Chief Eyes Public-Private Partnership for Possible Digital Euro
The governor of the Banque de France said private sector involvement could benefit a future digital euro initiative.
Singapore Man Caned for Stealing $267K From Bitcoin Investor
The man was sentenced to three years in prison and 12 strokes of the cane for his part in the robbery and beating of a bitcoin buyer.