Regulation
Australian consumer protection body issues warning to crypto investors
The Securities and Investments Commission warned against investing in digital-asset financial products. Some say the warning lacks specifics.
Lachlan Keller
Lens
Regulation & Law
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Regulation
SEC wants to watch videos of Ripple’s company meetings
The battle over discovery escalates between SEC and Ripple over what might have been said about the XRP at Ripple’s all-hands meetings since 2014. Will there be popcorn?
Michelle Lim
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NFTs and Gaming
Philippines may classify Axie Infinity as a company running a payment system
The hot play-to-earn token game Axie Infinity is under increased scrutiny from Philippines tax authorities. The country’s central bank said it is closely monitoring how players use game tokens to decide whether to classify and regulate Axie’s parent company as an entity that runs payment systems. Fast facts The central bank, Bangko Sentral ng Pilipinas, […]
Ningwei Qin
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Regulation
Cardano Foundation partners with Coinfirm for AML/CFT compliance
In the latest from the world’s third-largest cryptocurrency, which has gone from strength to strength this month, the Cardano Foundation is partnering with blockchain analytics provider Coinfirm.io to ensure the network complies with the Financial Action Task Force’s guidelines. Fast facts In a company announcement this week, the Cardano Foundation said it would be using […]
Lachlan Keller
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Compliance Challenges
Crypto bank in South Korea says it aims to comply with strict but unclear new law
Sandbank, a South Korean bank for virtual assets, says it is in the process of acquiring the necessary certification needed to legally operate in the country. However, the financial authorities have yet to decide whether their requirements apply to crypto banks. Fast facts In an announcement, Sandbank told its customers it has put acquiring the […]
Danny Park
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Regulation
Court in China says trading in cryptocurrency ‘not protected by law’
The ruling by Shandong's High Court backs up China's official stance against trading in cryptocurrencies. What does this mean for investors?
Timmy Shen
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Regulation
Ripple: SEC ex-chief Hinman’s views on XRP are ‘dubious’
Ripple also challenges SEC’s use of ‘deliberative process privilege’ to prevent agency documents on Bitcoin, Ethereum and XRP from disclosure.
Michelle Lim
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Regulation
Canadian regulator seeks enforcement action against crypto exchange OKEx
The Ontario Securities Commission (OSC) is seeking to bring an enforcement action against Aux Cayes Fintech Co. Ltd., which operates the OKEx platform, for allegedly violating Ontario securities law, according to a statement. Fast facts According to the statement of allegations filed by the OSC’s enforcement team on Aug. 18, Seychelles-incorporated Aux Cayes — which […]
Michelle Lim
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Regulation
Binance users burned by outage band together to take legal action
Crypto traders who suffered losses on Binance due to tech outages are turning to arbitration and crypto litigation finance.
Michelle Lim
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Regulation
Shanghai court rules Bitcoin is virtual property, not currency
A district court in Shanghai has ruled that Bitcoin is virtual property, not a currency that is allowed to circulate, according to a statement released earlier this week. Fast facts A Minhang district court in Shanghai stated this week that it heard a case in which a plaintiff purchased Bitcoin mining machines from a defendant […]
Timmy Shen
