Terraform Labs and Founder Do Kwon Face Fraud Verdict in SEC Case

In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…

Lithuania Steps Up Crypto Regulation as It Prepares for Licensing Shift

Over the past decade, Lithuania has emerged as a prominent hub for financial-technology startups, particularly in the field of cryptocurrencies. However, the country is now poised to undergo a significant transformation as it prepares to award licenses to crypto companies…

KuCoin Announces $10 Million Airdrop Amid DOJ Charges and Withdrawal Delays

In a recent announcement, Johnny Lyu, the CEO of KuCoin, revealed that the popular cryptocurrency exchange will be launching a special $10 million airdrop in Bitcoin and KuCoin tokens. This strategic move comes in response to the recent charges leveled…

Joe Biden’s Latest Budget Targets Crypto Mining Tax and Increased Regulations for Digital Asset

U.S. President Joe Biden has recently unveiled his proposed budget for the upcoming fiscal year, which includes several key provisions aimed at regulating the cryptocurrency industry and generating significant tax revenue. These measures, if implemented, could have far-reaching implications for…

Hong Kong Enacts Stringent Regulations to Curtail Covert Cryptocurrency Transactions

In Hong Kong, a vibrant network of small shops has emerged, offering seamless conversion between cash and cryptocurrencies. These shops, also known as over-the-counter (OTC) crypto providers, have played a significant role in facilitating the city’s booming digital assets market.…

Financial Intelligence Unit of India (FIU) Imposes Shadow Ban on Crypto Exchanges

The Financial Intelligence Unit India (FIU IND) has taken a resolute stand against major cryptocurrency exchanges operating within the Indian market. Show Cause Notices have been sternly issued to nine prominent exchanges, including Binance, Kucoin, Gate, Huobi, Kraken, Bittrex, Bitstamp,…

South Korean Regulators Exempt NFTs from Crypto asset Regulations

In a recent development, South Korean financial regulators have made a significant ruling regarding non-fungible tokens (NFTs) and their classification under existing cryptocurrency regulations. The Financial Services Commission (FSC), the country’s top regulatory body, has declared that NFTs will not…

Federal Judge Questions SEC’s Treatment of DEBT Box, Raises Concerns and Potential Sanctions

The Securities and Exchange Commission (SEC) has come under fire from a federal judge over its handling of a case involving a crypto firm, DEBT Box. The judge expressed concerns that the SEC had made “materially false and misleading representations”…

Proposed Regulations for Crypto Service Providers in Singapore

In its ongoing efforts to enhance the regulatory framework for the cryptocurrency industry, the Monetary Authority of Singapore (MAS) has recently released the final tranche of responses to feedback on a consultation paper regarding proposed regulations for crypto service providers.…

Ripple CEO Fires Back at Former SEC Chair Jay Clayton

Key Insights: In recent developments, Brad Garlinghouse, the CEO of Ripple, has taken a firm stance against the comments made by former Securities Exchange Commission (SEC) Chairman Jay Clayton. The crypto world has been abuzz with the SEC’s regulatory actions,…