“If you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold you accountable,” said DC Attorney General Karl Racine.
Accomplice of ‘Cryptoqueen’ Ruja Ignatova faces extradition to US: Report
The British national facing extradition was allegedly involved in laundering $105 million through the crypto Ponzi scheme OneCoin starting in 2014.
President of Paraguay vetoes crypto regulation law
The bill was approved by the nation’s Senate in July as low-energy costs continue to boost mining activities in the country.
Crypto ‘cannot be partisan,’ says US lawmaker who scored negative on bipartisanship index: Report
“This is literally about looking at America and opportunities for Americans,” according to Minnesota Representative Tom Emmer.
Thai SEC alleges Bitkub CTO committed insider trading
“The act of Mr. Wajanasathian is an offense of buying KUB coins by being a person who knows or possesses inside information,” said Thailand’s financial regulator.
Robinhood to face class action lawsuit from meme stock debacle: Report
It’s been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks.
BlackRock announces the launch of a new private spot Bitcoin trust
The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access.
South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report
The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection, and market stability” on bills proposed.
Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
The past actions of bad actors has forced the country’s regulators to take a tough stance on crypto exchanges.
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.
$475M in Bitcoin options expire this week — Are bulls or bears poised to win?
BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Aug. 12’s $475 million options expiry.
CFTC and SEC propose amending reporting rules for large hedge funds on crypto exposure
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common.
Tornado Cash co-founder reports being kicked off Github as industry reacts to sanctions
OFAC issued a statement implying prohibited transactions with Specially Designated Nationals could include “downloading a software patch from a sanctioned entity.”
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The protocol was at the center of some recent hacks and exploits in decentralized finance, including the alleged theft of $455 million by the North Korea-affiliated Lazarus Group.
The UK cannot afford to send mixed messages on crypto
Regulators have expressed conflicting messages about whether the U.K. is a good place for cryptocurrency development to occur.
2 metrics signal the $1.1T crypto market cap resistance will hold
Despite a handful of the top-80 coins gaining 12% or more over the past week, Tether’s premium in Asia and futures markets activity show buyers lacking confidence.
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
The Directorate of Enforcement of India alleged that WazirX “actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route.”
US lawmakers request crypto firms provide info on diversity and inclusion
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies,” said the letter.
Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project.
New York financial regulator fines Robinhood’s crypto division $30M
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris.