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Regulation
US court summons Binance CEO Changpeng Zhao
A US court has issued summons for Binance CEO Changpeng Zhao.
He has 21 days to respond although he doesn’t have to…
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EU watchdog targets crypto ads on Instagram, YouTube, TikTok, Twitter
On June 8, the European Consumer Organisation (BEUC) — an umbrella group for 46 independent consumer organizations from 32 countries — published a report titled: “Hype or harm? The Great Social Media Crypto Con.“ In the 20-page document,…
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The SEC strikes again: First Binance, now Coinbase
Key takeaways
SEC sues Coinbase for acting as an unregistered broker
The United States Securities and Exchange…
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AI should be regulated like medicine and nuclear power: UK minister
Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical and nuclear industries, according to a representative for Britain’s opposing political party.Lucy Powell, a…
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Binance begins transition to new regulated platform in Japan
Binance has said that the transition to the new platform is necessary to comply with Japanese regulations.
Transition to…
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FTX debtors object to Genesis’ ‘critical’ claims estimate of ‘$0.00’
Just a month after bankrupt cryptocurrency exchange FTX sought $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.According to a June 2 court filing in the United States…
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bitFlyer implements FATF’s “Travel Rule” crypto restrictions
bitFlyer announced the Travel Rule restrictions will apply to TRUST-compatible exchanges across 21 countries.
The…
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DCG asks judge to consolidate class-action suits to avoid conflicting decisions
Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter.In a letter sent to United States District Judge Stefan…
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Crypto exchange Bybit announces exit from Canadian market
Bybit will not accept new account applications from Canadian residents and nationals as from 31 May.
Existing customers…
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Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers
Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks, could fall under the crosshair of United States regulators, crypto lawyers suggest.A previously little-known personality…
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