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Archived coverage · Forkast crypto archive
Regulation
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler Friday reiterated the agency’s attempt to bring cryptocurrency exchanges under oversight and “register where appropriate as securities.” See related article: US crypto bill leaves ‘open question’ on securities: Tessler Fast facts See related article: SEC fails to block XRP holders from aiding in Ripple case
Ningwei Qin
Regulation
The Law Commission of England and Wales recommended classifying cryptocurrencies and non-fungible tokens (NFTs) as a new type of property in a consultation paper published on Thursday. See related article: Basel Committee starts public consultation on banks’ crypto asset exposures Fast facts The Law Commission, an independent statutory body responsible for reviewing and reforming laws, […]
Monika Ghosh
Regulation
Digital assets company Komainu has received a provisional license from the Dubai Virtual Assets Regulatory Authority (VARA) to offer cryptocurrency products and services to institutional clients in Dubai, CoinDesk said in a report. See related article: Dubai could be crypto’s promised land, Citi says Fast facts Komainu is the latest to receive approval from Dubai […]
Pradipta Mukherjee
Regulation
U.S. banking regulators have ordered crypto lender Voyager Digital to stop making “false and misleading” claims that its customer’s funds were insured by the government. See related article: Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace Fast facts The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) […]
Lachlan Keller
Regulation
Zipmex is seeking protection from potential claims or adverse actions for six months, citing “all efforts to focus on resolving the liquidity situation,” according to an announcement by the crypto exchange. See related article: Zipmex targets raising US$50 mln to cover exposure to embattled crypto lenders Fast facts See related article: Babel Finance says liquidity […]
Ningwei Qin
Regulation
A U.S. federal district court dismissed the U.S. Securities and Exchange Commission’s motion to revoke the “amici curiae” or “friends of the court” status granted to XRP holders in an order on Tuesday. See related article: SEC wins time to resist crucial document handover to Ripple in XRP lawsuit Fast facts In a letter to […]
Monika Ghosh
Regulation
A new report by Chainalysis shows that sanctioned actors, especially in North Korea and Russia, are sending record sums to crypto mixers.
Lachlan Keller
Regulation
Immutable has let go of about 6% of its workforce, including lead designer James Wakeham who was involved in the development of the game developer’s popular non-fungible token (NFT) game Gods Unchained. See related article: Play-to-earn game developers pivot to engaging fans Fast facts A spokesperson from Immutable’s U.S. branch told gaming media outlet Kotaku […]
Pradipta Mukherjee
Regulation
Crypto lender Vauld, which halted withdrawals earlier this month, is facing hostile action from multiple creditors, according to a new affidavit reviewed by Moneycontrol. See related article: Nexo in talks to buy out Vauld Fast facts As per the affidavit, Vauld has received two demand letters and two civil claims from four creditors. One of […]
Monika Ghosh
Regulation
Tether, the issuer of USDT, the world’s most traded stablecoin, said it doesn’t hold Chinese commercial paper in its reserves and it plans to reduce its commercial paper holdings overall. See related article: Tether slashes commercial paper, shows more reserves than liabilities Fast facts In a statement published on Wednesday, Tether said it “holds no […]
Timmy Shen
