Regulators from New York and federal finance have filed objections to the $1.02 billion deal proposed by Binance.US to acquire assets from the bankrupt crypto lender Voyager Digital.As per Feb 22 filings, it could be discriminatory and unlawful. As per…
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Four New Criminal Charges Filed Against FTX Founder Sam Bankman-Fried
Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…
Coinbase Sets Ambitious Goal of One Billion Users, Shifts Focus to Regulation
Coinbase, one of the world’s largest cryptocurrency exchanges, has set its sights on achieving one billion users in the coming years. In order to do so, the company’s CEO, Brian Armstrong, has announced that his focus for 2023 will be…
Hong Kong plans to make crypto purchase and trading legal for all of its citizens
While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…
Regulating Crypto in Australia: Safeguarding Investors with a Multi-Stage Approach
The Australian government has recently announced its multi-stage approach to regulating crypto in a bid to protect consumers and investors from unsustainable business models associated with crypto assets. Here, we take a closer look at the government’s new regulatory framework…
Banks to keep more reserve if they deal with Crypto
The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…
Crypto Industry is Under Siege by Regulators
Crypto has always been under attack from the day it was created. It has survived despite the odds due to the support of users who believe in financial freedom. The U.S. government is currently using several tactics in its arsenal…
Bitcoin Plummets below $22,000 with ECB and SEC Press Release
The European Central bank raised interest rates by 50 basis points which mean 0.50%, effective from February 8th as per confirmed in the ECB press release earlier this week. This week Bitcoin closed in red loosing 7% of its value…
UK Takes Steps to Strengthen Crypto Market with New Regulations
Overview The United Kingdom’s Government has recently announced ambitious plans to regulate the crypto-asset industry. This is in response to the growing concern about the risks associated with crypto assets and the need for greater consumer confidence and clarity in…
Reserve Bank of India(RBI) Governor Mr.Das says Crypto must be banned and compares it to gambling
RBI (Central Bank) has been playing the ban game for a while and ruling against its citizens to have control over the Indian currency. They have gone to the extent of not allowing fiat to crypto transfer and even taxing…