Lens
Regulation
South Korea’s Financial Supervisory Service (FSS) governor Lee Bok-hyun says he disagrees with the view that crypto cannot be seen as financial investment products or securities, while revealing he assisted local prosecutors in designating Terra-LUNA tokens as securities, according to local media reports. See related article: Securities or not? South Korea to evaluate Terra’s LUNA […]
Danny Park
Regulatory News
South Korea will issue a guideline for regulating the metaverse instead of applying existing law on video games, the Ministry of Science and ICT (MSIT) announced at a government briefing on Wednesday. See related article: S.Korea’s science ministry announces ethical principles for the metaverse Fast facts The guideline that will be used to better promote […]
Danny Park
Regulation
The Crypto Fraud and Asset Recovery Network (CFAAR), which calls itself the first global network of its kind, has launched a Hong Kong-based chapter in collaboration with seven local finance, law, and crypto regulation experts. See related article: Australia establishes federal crypto police unit Fast facts The Crypto Fraud and Asset Recovery network began in […]
Dylan Butts
Regulation
A financial regulator in Vermont has all but said that bankrupted Celsius Network LLC resembled a Ponzi scheme at times, alleging the crypto lender had used new investor funds to repay previous investors, as well as misled investors about its financial health and bolstered its balance sheets by using its CEL token. See related article: […]
Lachlan Keller
Regulation
Crypto entrepreneur Mark Hopkins, also known as Doctor Bitcoin” or “Rizzn”, claimed on Twitter that he has been sentenced to six to 15 months in federal prison for allegedly participating in peer-to-peer Bitcoin sales without a federal license. See related article: Tornado Cash arrest heralds storm season for crypto mixers Fast facts P2P sale of […]
Zoltan Vardai
Regulation
The Securities and Exchange Commission of Brazil (CVM) has banned Singapore-based cryptocurrency exchange Bybit from brokering “securities” within the country. See related article: Thailand mandates warnings on crypto ads Fast facts The CVM released a declaratory act, in an announcement on Monday, that ordered the suspension of Bybit’s security offerings and intermediation services directly or […]
Dylan Butts
Regulation
U.S. Congressman Brad Sherman, who chairs a House subcommittee on investor protection and a leading crypto skeptic in Washington, is seeking more stringent cryptocurrency regulation, if not all-out bans, according to a report by the LA Times. See related article: CFTC, SEC seek input on hedge fund crypto reporting rules Fast facts In an interview […]
Dylan Butts
Regulatory News
Binance, the world’s largest cryptocurrency exchange by trading volume, said it has worked with regulatory agencies from around the world to address outstanding compliance questions, following a Reuters report that U.S. federal prosecutors asked the exchange to offer internal records involving founder and CEO Changpeng Zhao for anti-money laundering checks in late 2020. See related […]
Timmy Shen
Bitcoin News
Top blockchain and crypto news: Is crypto in for a long cold spell? Ava Labs lashes out at CryptoLeaks claims. China eyes blockchain power trading.
Yohan Yun
Regulation
Singapore-based crypto lender Hodlnaut has been placed under Interim Judicial Management (IJM), a form of creditor protection, and will now be managed and controlled by interim judicial managers appointed by court order. See related article: Singapore’s central bank says cryptocurrencies have ‘no fundamental value’ Fast facts Hodlnaut said its legal representatives attended the IJM hearing […]
Pradipta Mukherjee
