“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.
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Basel Committee wants to limit banks' digital asset exposure to just 1% of equity
Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium.
Grayscale legal challenge to SEC sparks response from the community
From accusing the SEC of suppressing Bitcoin to suggesting alternatives, the community showed varied responses to Grayscale’s legal challenge against the SEC.
Singapore reprimands 3AC for providing false information
MAS said that the company had assets under management in excess of the permitted amount, and provided false information.
Binance to assist Cambodia in developing crypto regulations
Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda.
Coinbase seeking aggressive European expansion amid crypto winter
Coinbase is already licensed to trade cryptocurrencies in the United Kingdom, Ireland and Germany.
Russian central bank exec is OK with crypto mining under one condition
A finance officer believes it is necessary to sell the mined assets abroad to avoid the adoption of crypto in internal payments.
OpenSea data breach causes massive leak of users' email addresses
The NFT marketplace noted that it has reported the incident to law enforcement officials and that an inquiry is underway.
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection
A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange-traded product (ETP) citing the same reasons.
EU officials reach agreement on AML authority for supervising crypto firms
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun.
US govt delays enforcement of crypto broker reporting requirements: Report
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024.
NYDIG study calculates the value of regulation worldwide in terms of BTC price gains
The crypto-positive financial services company looked at Bitcoin prices at intervals following regulatory events and found clear evidence of the events’ effects.
Governments, enterprise, gaming: Who will drive the next crypto bull run?
With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run?
British Virgin Islands court reportedly orders to liquidate 3AC
The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan.
Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts
“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP.
Surprise twist as BlockFi receives Money Services License in Iowa
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state.
That's 'Sir' Crypto Dad: French order knights former CFTC chair Chris Giancarlo
The first of his name, king of the punks and the first regulators, protector of the seven tokens, the keeper of the great CBDC, the breaker of blockchains and father of crypto.
Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales
Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine.