Regulation
Dubai could be crypto’s promised land, Citi says
Dubai and neighboring Abu Dhabi have been on a tear when it comes to crypto service providers moving the core of their operations there.
Megha Chaddah
Lens
Regulation & Law
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Regulatory News
Binance hires former British regulator for compliance role
The world’s biggest cryptocurrency exchange hired former Financial Conduct Authority official Steven McWhirter as a director of regulatory policy to better manage its compliance function. See related story: Binance wants to play ball with regulators Fast facts McWhirter will lead the global regulatory policy team for Binance and brings over 20 years of experience in […]
Pradipta Mukherjee
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NFT Marketplaces
NFT marketplaces responsible for keeping fakes out, Chinese court rules
Under Chinese copyright law, the court ruled a marketplace’s failure to ensure the uniqueness of an NFT constituted aiding infringement.
Ningwei Qin
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Regulation
Caught between a rock and a hard place, Singapore tightens crypto oversight
A desire to stay in line with global anti-money laundering and anti-terrorism norms is forcing the city state’s hand when it comes to regulating cryptocurrency exchanges.
Pradipta Mukherjee
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Regulation
S.Korea eyes restraints on crypto unicorn Dunamu over monopoly concerns
The Korea Fair Trade Commission (KFTC) is reportedly planning to designate local crypto exchange Upbit owner Dunamu as an enterprise subject to limitations on mutual investment, which would add more regulations to the entity. See related article: Two crypto exchanges reach unicorn status in South Korea Fast facts A company with total assets over 10 […]
Danny Park
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Regulation
Binance.US wins license in Puerto Rico to fuel growth
Binance.US has obtained a money transmitter license in Puerto Rico, as the world’s largest cryptocurrency exchange continues to expand globally while seeking to become more mindful of compliance. See related article: Binance.US valued at $4.5B following first seed round Fast facts Binance.US CEO Brian Shroder on Tuesday said that Puerto Rico is an important market […]
Timmy Shen
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Uncategorized
Andre Cronje: Crypto needs regulation
Andre Cronje, former Fantom Foundation technical adviser and Yearn.finance founder, resurfaced Monday after announcing his departure last month. See related article: DeFi wizard Cronje’s departure sends TVL sinking Fast facts In a “Crypto is dead. Long live Crypto” post, Cronje says regulations will protect cryptocurrencies. “It’s like a child trying to stick their finger into […]
Pradipta Mukherjee
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Regulation
Resist the temptation on NFTs, Chinese state-backed developer says
In an exclusive interview with Forkast, the head of government-founded Blockchain-based Service Network (BSN) cautioned against packaging NFTs as investment products despite the temptation to profit off the euphoria.
Timmy Shen
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Regulation
China’s industry lobbies join NFT bashing chorus
Self-regulatory bodies overseeing China’s banking and securities industries are urging members to “resolutely curb" the "financialization and securitization" wave of non-fungible tokens (NFTs).
Timmy Shen
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Regulation
Former Ethereum developer Virgil Griffith gets 63 months in prison
Former Ethereum developer Virgil Griffith was sentenced to prison and fined US$100,000 for violating international sanctions against North Korea by speaking at a cryptocurrency conference in the Hermit Kingdom in April 2019. See related article: North Korea hacked US$400M of crypto in 2021, says Chainalysis Fast facts At the conference, Griffith explained blockchain technology’s use […]
Danny Park
