Regulations News Post

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Brazilian lawmakers seek to add crypto to debtors’ protected assets list

Cryptocurrencies may become a part of the personal savings category, protected from seizures on behalf of creditors.

Crypto makes up 70% of South Korea's reported overseas assets: Tax agency

1,432 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets.

Kansas adjourns crypto bill targeting political donations to January 2024

The bill required politicians to “immediately convert” the crypto donations to U.S. dollars — with no scope of expenditures or HODLing the funds.

Former Deutsche Bank exec pleads guilty over ‘R3 Crypto Fund’ scheme

Rashawn Russell faces up to 30 years in prison for his role in the fraudulent cryptocurrency trading scheme.

Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected.

Philippines SEC teams up with US counterpart to combat crypto fraud

The Philippine SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime.

Chamber of Digital Commerce launches Digital Power Network miners’ coalition

The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain.

Sam Bankman-Fried's father dragged his mother into an FTX US salary dispute

A complaint filed in bankruptcy court claimed Joseph Bankman involved Barbara Fried when answers from neither his son or FTX US satisfied concerns around his $200,000 annual salary.

CZ post on X about Ceffu and Binance.US contradicts SEC claims, adds to confusion

“It is more than likely that BAM still doesn’t understand what Ceffu is,” the SEC stated after trying to untangle the web of relationships between entities.

Judges weigh early release for Sam Bankman-Fried as lawyers push First Amendment issues: Report

A panel of three judges at the 2nd U.S. Circuit Court of Appeals in New York reportedly will consider requests from Sam Bankman-Fried’s lawyers for early release from jail.

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

The 3AC saga continues, Token 2049 kicks off in Singapore and CoffeeDAO gives mom-and-pop cafes a leg up on Starbucks.

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release.

OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report

The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.”

Latvia central bank opens to fintech with ‘Innovation Hub’

The Bank of Latvia has been quietly stepping up its game in providing assistance to fintech projects while employing the latest emerging technologies internally.

German crypto regulator calls for global rules to also govern niche finance centers

BaFin's top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers, without exceptions.

FTX founder’s parents sued, accused of stealing millions from crypto exchange

According to the allegations, Sam Bankman-Fried’s father Joseph Bankman was a “de facto officer” at the FTX Group.

Thailand to start taxing overseas income next year, including from crypto

Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto.

UK House of Lords passes bill to seize stolen crypto

During the bill’s review phase, the House of Lords agreed on certain amendments to clarify its intent of targeting monetary proceeds from fraud or other financial crimes.

Hong Kong to tighten crypto regulation in wake of JPEX fraud case

The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and declining wallet balances.

Weak competition in AI race could hurt consumers: UK watchdog

The UK's Competition and Markets Authority wants to prevent AI from being used to undermine consumer trust.

Image