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Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.

Hong Kong to subject crypto exchanges to the same laws governing TradFi

The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.

Stablecoin framework is a near-term priority for Aussie regulators

As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.

FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

US regulator to seek feedback on DeFi's impact on financial crime

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

Crypto lender Genesis has no solution yet for withdrawal halts

Genesis said it will take additional weeks to carve out a recovery path for its lending business.

Class action against Kim K, Mayweather over EMAX dismissed… for now

Despite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes.

SBF subpoena is 'definitely on the table,' says Rep. Maxine Waters

The US lawmaker has refuted a report from CNBC that suggested that they weren't planning to subpoena the former FTX CEO.

Crypto consumer protection, proof of reserves bills introduced into US Congress

New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.

ECB official proposes ban on tokens with an 'excessive ecological footprint'

EU officials previously rejected an outright ban on crypto mining, but the Markets in Crypto Assets bill could require firms to report any potential environmental impact.

Rep. Torres asks US GAO to investigate SEC ‘failure’ to protect public against FTX

Torres is a crypto supporter who has questioned the performance of the SEC before; he has written new legislation on crypto companies’ proof of reserves and comingling of funds.

Into the storm: The murky world of cryptocurrency mixers

A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.

Was the fall of FTX really crypto’s ‘Lehman moment?’

Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful?

Proactive sanctions can help spare the ecosystem: Chainalysis exec

Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from.

Bank of Russia wants to ban miners from selling crypto to Russians

The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.

Japan recommends against algorithmic backing in stablecoins

The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.

Report outlines reasons why stakeholders are against CBDC

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”

US lawmakers want State Department to justify crypto rewards and disclose payouts

The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it's more encouraging for whistleblowers.

3AC subpoenas issued as dispute grows over claims of Terraform dump

The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.

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