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Regulation
French investors sued Binance for over 2.4 million euros in losses
Binance France and its parent company Binance Holdings Limited are being sued by 15 investors in France over alleged misleading commercial practices and fraudulent concealment, according to local media reports. In a complaint filed on…
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Tel Aviv court allows Israel to seize crypto in over 150 blacklisted wallets
The Israeli government had blacklisted more than 150 wallets for links to terror groups.
The Israeli government can now take custody of all the cryptocurrencies in…
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SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With…
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said:…
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Rating agencies, not regulators, can rebuild trust in crypto after FTX
The last year has been an eventful one for the crypto space. The collapse of the Terra ecosystem and its TerraUSD (UST) algorithmic stablecoin saw $50 billion wiped off the market in a flash. And more recently, FTX, an exchange many…
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US Banking Committee chairman suggests banning cryptocurrencies
Banking Committee chairman Sherrod Brown made the suggestion during an appearance on NBC’s “Meet the Press.”
He however stated that it would be “very difficult” to ban…
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Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto – Regulation…
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian…
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Sam Bankman-Fried agrees to US extradition ‘to put the customers right’: Report
Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, has reportedly agreed to be extradited to the United States to face charges.According to a Dec. 19 report from Reuters, Bankman-Fried’s legal team said…
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Australian regulator ASIC sues Finder Wallet
ASIC is suing Finder Wallet for providing unlicenced financial services.
ASIC claims the Finder Earn product closely resembled a debenture.
Finder Wallet stopped…
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Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs – Regulation…
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to…
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US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities.In its annual report released on Dec. 16,…
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