South Korean Civil Servant Sentenced for Embezzling Funds for Cryptocurrency Investments
According to media reports, a South Korean court sentenced a local civil servant to a suspended sentence for embezzling $159,000 he invested in crypto assets from the state budget. The unnamed official was in charge of budget spending at the social welfare administrative ...
Central Bank of Norway Proposes Developing Own Cryptocurrency Oversight Rules
The Central Bank of Norway (Norges Bank) proposed not to wait for the entry into force of the draft law on regulation of cryptocurrencies in the European Union (MiCA), and to develop their own rules for their oversight. Norges Bank released its annual "Financial Infrastru ...
U.S. Chamber of Commerce Criticizes SEC for Unfair Treatment of Cryptocurrency Companies
The U.S. Chamber of Commerce submitted a brief report on the Coinbase trading floor case and the SEC, criticizing the agency for unfairness against cryptocurrency companies. The U.S. Chamber of Commerce began by saying that the U.S. lacks clarity on digital assets, while ...
Former SEC Official Claims Cryptocurrencies are Failing as an Investment Asset
Колишній співробітник правоохоронних органів SEC Джон Рід Старк назвав кілька причин, чому він вважає, що криптовалюти зазнають краху як актив для інвестицій. ...
South Korean Central Bank to Strengthen Control Over Cryptocurrency Industry
The South Korean Central Bank is taking steps to increase its oversight of virtual asset service providers (VASPs) and cryptocurrency issuers. To better monitor these entities, the Bank of Korea will now request transaction data from cryptocurrency exchanges, a move that has been approved by the ...