The UK government has released draft regulations aimed at crypto exchanges and stablecoin issuers under the 2023 Financial Services and Markets Act. The proposed rules seek to establish […]
UK Unveils Regulatory Bill for Crypto Assets
The UK government has taken a significant step towards regulating the cryptocurrency market with the release of a comprehensive regulatory bill. The bill, released by the HM Treasury, […]
US Court Dismantles Tornado Cash Sanctions, Ending Legal Battle
In a significant victory for the crypto community, the US District Court has voided sanctions imposed on Tornado Cash by the Office of Foreign Assets Control (OFAC). This […]
AUSTRAC Issues Warning to Inactive Crypto Platforms
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has raised alarm bells about the integrity of Australia’s cryptocurrency landscape, alerting inactive cryptocurrency exchanges that they risk deregistration unless […]
Federal Court Blocks U.S. Sanctions on Tornado Cash
A federal court has dealt a major blow to the U.S. Treasury’s attempt to sanction cryptocurrency mixer Tornado Cash, striking down its actions based on legal limitations. The […]
Judge Bars OFAC from Restoring Tornado Cash Sanctions: A Victory for Web3
A significant victory for the decentralized finance (DeFi) community has been secured as a US District Judge ruled that the Office of Foreign Assets Control (OFAC) is prohibited […]
SEC Disposes of Dragonchain Lawsuit, Shifting Regulatory Approach in Crypto
The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Dragonchain, ending a legal battle stemming from the company’s 2017 Initial Coin Offering (ICO). This marks […]
Circle Clarifies Stablecoin Regulatory Plans: No Federal Bank Charter Pursuit
Crypto platform Circle has clarified its stance on regulatory compliance for stablecoins, denying any pursuit of a U.S. federal bank charter. Instead, the company will focus on adapting […]
Janet Yellen Testifies on 2025 Budget: Fiscal Focus & Crypto Oversight
During a Congressional hearing on July 9, 2024, U.S. Treasury Secretary Janet Yellen presented her budget proposal for 2025, emphasizing fiscal responsibility and deficit reduction. The proposal also […]
SEC’s New Crypto Rules Under Chairman Atkins Spark Excitement for Institutional Adoption
A new era in crypto regulation is dawning as SEC Chair Paul Atkins brings his experience to the table, aiming to streamline regulations and foster innovation in the […]
Coinbase Scores Regulatory Victories in Staking Disputes, Potentially Boosting U.S. Crypto Market
Coinbase, the leading U.S. cryptocurrency exchange, has achieved significant legal wins in its ongoing staking disputes with multiple states and the Securities and Exchange Commission (SEC). These dismissals […]
Circle Denies Plans for U.S. Federal Banking License
Rumors about Circle’s application for a U.S. federal banking license have been dismissed by the company’s Chief Strategy Officer, Dante Disparte. In an X post, Disparte clarified that […]
Binance Tightens Crypto Transfer Rules in South Africa
Binance users in South Africa will face stricter rules for cryptocurrency transfers starting April 30th. This new protocol aims to increase compliance with local regulations and follows a […]
Alabama Drops Lawsuit Against Coinbase Staking Program: A Step Towards Easing Crypto Regulations
In a significant development for the cryptocurrency industry, Alabama has dropped its legal action against Coinbase’s staking program. This marks the fifth state to do so and indicates […]
Russia Restricts Access to Crypto Exchange, Only Allowing High-Net-Worth Individuals
Russia’s Central Bank has introduced a new legal framework for cryptocurrency trading that will limit access to investors with substantial financial holdings or high annual incomes. President Vladimir […]