Brazil’s Central Bank Tightens Cryptocurrency Regulations Amid Surging Adoption
Brazil's central bank, Banco Central do Brasil, is taking steps to tighten regulations on the cryptocurrency industry in response to surging cryptocurrency adoption. Crypto imports into Brazil increased by 44.2% between January and August 2023 compared to the same period the previous year, totaling ...
The Impact of Cryptocurrency Regulations on the Indian Market
The CEO of India's domestic cryptocurrency exchange, WazirX, has suggested that the country's crypto industry may need to wait for up to two years before seeing a more favorable tax regime. Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, lea ...
Hong Kong Tightens Cryptocurrency Regulations After JPEX Scandal and Arrests
Hong Kong authorities are taking steps to tighten regulations on the cryptocurrency market following the arrest of six individuals connected to an alleged fraud involving an unlicensed crypto exchange named JPEX. The Chief Executive of Hong Kong, John Lee Ka-chiu, announced on September 19th that ...
Attorney John Deaton’s Involvement in LBRY Case and Ripple-SEC Lawsuit
In 2022, attorney John Deaton, known for representing XRP holders in the Ripple-SEC lawsuit, took an active role in the LBRY lawsuit as an Amicus Curiae. Additionally, he submitted a Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell in the LBRY case. He expressed unwavering commitment, ...
Coinbase Targets Global Expansion in Crypto-Friendly Markets
Coinbase has set its sights on several international markets outside the United States, citing their clearer cryptocurrency regulations as a driving factor. In a September 6 blog post, Coinbase's Vice President of International Business, Nana Murugesan, and Vice President of International Policy, To ...
Bitget Exchange Strengthens Security with Enhanced KYC Policy
Top derivatives trading platform Bitget Exchange has announced plans to enhance its Know-Your-Customer (KYC) policy with the core intention of providing more security for its users. Bitget is also undergoing this adjustment to comply with global cryptocurrency regulatory requirements and establis ...
UK Treasury’s Efforts to Combat Financial Cold Calls and Cryptocurrency Regulations
As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban. On May 3, the UK government announced an ambi ...
Prosecutors Oppose Dismissal of Charges Against FTX Founder Sam Bankman-Fried
Federal prosecutors have called the arguments of Sam Bankman-Fried, founder of the bankrupt FTX crypto exchange, demanding that several charges against him be dismissed. In early May, Sam Bankman-Fried filed a motion with the court to dismiss 10 of the 13 charges, which i ...
Green United Founders Seek Dismissal of SEC Lawsuit, Deny Fraud Allegations
The founders of Green United LLC filed a motion to dismiss the SEC lawsuit accusing them of fraudulent activity. The regulator sued Green United, a green mining company, in March, alleging that its founders, Wright Thurston and Kristoffer Krohn, were promising investors too ...
US Anti-Cryptocurrency Enforcement Team Declares “War” on Violating Exchanges
The head of the NCET, Eun-Yong Choi, said The department is interested in large platforms that violate AML and KYC rules The head of the US Justice Department's National Anti-Cryptocurrency Enforcement Team (NCET) Eun-Yong Choi declared "war" on CEX. She threa ...
Empower Oversight Sues SEC for Lack of Cryptocurrency Rule Clarity
Empower Oversight has sued the U.S. Securities and Exchange Commission (SEC) for refusing to clarify rules for cryptocurrencies. This, according to the public, violates the Freedom of Information Act (FOIA). Empower Oversight filed ...