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Access real-time blockchain and cryptocurrency news updates from around the globe.
US Acting Comptroller urges not to rush with the crypto regulation
Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry.
Grayscale fires first salvo in case against SEC over Bitcoin ETF refusal
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21.
Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army
Optimistically speaking, Brad Garlinghouse thinks the case will be concluded in 3-4 months, though it could take longer.
Bored Ape creators and other NFT projects investigated by SEC probe
A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.”
Financial Stability Board opens proposed crypto regulatory framework for public comments
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal.
City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining
The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances.
SEC rejects WisdomTree's application for a spot Bitcoin ETF ... again
Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation.
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
Portugal proposes 28% tax on annual crypto trading profits next year
The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition.
It’s legislation season in the EU: Law Decoded, Oct. 3–10
In one week, the EU institutions voted in favor of a crypto-friendly resolution and promoted MiCA to the next stage.
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13.
European Parliament Committee passes MiCA crypto framework in landslide vote
Members of the committee passed the crypto framework policy in a vote of 28 in favor and one against, with a final vote expected with the full Parliament soon.
UAE Web3 ecosystem houses almost 1.5K active organizations: Report
A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology.
Dapper Labs suspends Russian accounts after new EU sanctions
The firm outlined that as its “payment processing and stored value service partner is subject to EU regulations,” Dapper has been directed to impose the restrictions on these accounts under EU law.
Why the US is one of the most crypto-friendly countries in the world
The United States is making strides on crypto regulation, and it's home to the largest number of Bitcoin and Ethereum nodes in the world.