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” Bankman-Fried misguides regulators by directing them away from centralized finance “ Last month’s proposal from Sam Bankman-Fried, CEO of crypto exchange FTX, for regulators to establish a litany of standards for the cryptocurrency industry poses an existential threat to decentralized finance (DeFi) platforms and entrepreneurial spirit. As one of a select few with the…
” Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency, says finance minister “ India’s Finance Minister Nirmala Sitharaman said she would love to show that the country is “moving speedily forward” with digital financial technology as it prepares to assume the presidency of the G20. Speaking at the Indian Council for…
” Blockchain Association throws support behind Ripple in SEC duel “ United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the crypto industry. In an Oct….
” UK Prime Minister Rishi Sunak’s win was a victory for crypto “ A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and…
” Terra co-founder Do Kwon faces $57-million lawsuit in Singapore “ Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias. In a lawsuit…
” United Kingdom banks hate crypto, and that’s bad news for everyone “ In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and…
” Celsius users concerned over personal info revealed in bankruptcy case “ Crypto lending platform Celsius filed for Chapter 11 bankruptcy on July 13, 2022. Although the Celsius case involves digital assets, it remains subject to United States Bankruptcy Code under the Bankruptcy Court for the Southern District of New York. While this may be,…
” Government crackdowns are coming unless crypto starts self-policing “ Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature. Months after the collapse of the Terra ecosystem that propelled crypto’s market capitalization below $1 trillion, the industry is beginning the long process…
” Crypto adoption: How FDIC insurance could bring Bitcoin to the masses “ Over the years, several cryptocurrency companies have claimed that deposits with them were insured by the United States Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) as if they were regular savings accounts. While so far, no crypto firm has been…
” UK Law Commission expects ‘substantial impact’ from digital asset law review “ The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction to grapple with legal disputes involving emerging technologies like cryptocurrencies, digital assets and electronic documentation. The project, dubbed “Digital Assets: Which Law, Which Court?” was…