“It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh.
UK police council reports there are officers in every unit trained for crypto enforcement
The NPCC’s Andy Gould said that the U.K. police had the capability to address illicit uses of crypto, but still faced challenges including incentives to join the private sector.
Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee
According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes.
US lawmakers question regulators over ‘revolving door’ with crypto industry
“Americans should be confident that regulators are working on behalf of the public, rather than auditioning for a high-paid lobbying job,” said 5 senators and House members.
Investors are loving SEC’s crypto industry crackdown, according to survey
Critics have called out the SEC’s “regulation by enforcement” tactics, but to some investors, it’s a positive sign they’re seeing to invest in digital assets.
Japan is losing its place as the world’s gaming capital because of crypto hostility
From regulation to taxation, Japan has been hostile to cryptocurrency gaming. That stance is threatening the country’s position as a global leader in gaming
US regulator touts to ‘aggressively police’ crypto in new report
The Commodity Futures Trading Commission (CFTC) says 20% of its enforcement actions were aimed at the digital assets market in the 2022 fiscal year.
The CFTC’s Ooki Dao action is a bad omen for American crypto developers
Decentralized autonomous organizations (DAOs) were supposed to be regulation-proof. Federal regulators now have targeted not just a DAO, but also its investors.
KYC to stake your ETH? It’s probably coming to the US
It shouldn’t surprise anyone if regulators begin telling node validators to impose KYC and AML requirements on users staking Ether.
It’s time for the feds to define digital commodities
Europe will leave the United States behind unless lawmakers act to provide clear regulatory definitions for cryptocurrencies.
US lawmaker says crypto regulation from SEC is ‘needed now’
Senator Hickenlooper requested the SEC engage with the public by opening a “notice-and-comment period” to develop rules and regulations applicable to crypto.
UK gov’t introduces bill to digitize trade documents — potentially traced using blockchain
The Lord Privy Seal of the U.K.’s House of Lords introduced the bill, which ironically was “ordered to be printed” following a first reading on Oct. 12.
Many crypto asset activities pose ‘novel risks’ to banks, says Fed vice chair for supervision
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.
Coin Center files lawsuit against US Treasury over Tornado Cash sanctions
The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.”
Senator Warren leads the charge against energy consumption claims on Texas crypto miners
According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas.
Financial Stability Board opens proposed crypto regulatory framework for public comments
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal.
City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining
The city notice effectively stops the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion is in compliance with local zoning ordinances.
SEC rejects WisdomTree’s application for a spot Bitcoin ETF … again
Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation.
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy.