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“# More crypto regulation is coming, industry execs say ” Over the past few years, regulatory bodies across the globe have increased their scrutiny on the cryptocurrency space, clarifying gray areas while also going after offenders. Although the industry has seen a lot of regulatory action, authorities have not really changed their positions, at least…
“# Brazilian gov’t gets help from US Justice Department to seize $24M in crypto ” According to a Wednesday filing, the U.S. Justice Department seized $24 million in virtual currency pursuant to an official request from the Brazilian government. The Department of Justice, or DoJ, said that the government of Brazil requested its assistance in…
“# Justice Department files antitrust lawsuit against Visa’s acquisition of Plaid ” The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ is arguing is an illegal play to achieve monopoly. According a complaint filed by the DoJ on Thursday: “Visa seeks to buy Plaid — as…
“# Justice Department seizes $1 billion in recently moved Silk Road crypto ” In a filing from Wednesday, the Department of Justice asked to seize $1 billion from an unnamed hacker. Specifically, the DoJ is asking the court of the Northern District of California to lock down on: “Approximately 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG),…
“# Economy minister says Brazil will have its own CBDC ” Brazilian Economy Minister Paulo Guedes has said that Brazil will issue its own central bank digital currency, or CBDC. Guedes made the statement on Thursday during a ceremony celebrating the number of 100 millionth digital savings account opened at Caixa Econômica Federal: “Now that…
“# Pro-Bitcoin candidate wins Wyoming senate seat ” Former Republican congresswoman and current Bitcoin holder Cynthia Lummis has won a seat in the U.S. Senate against Democratic challenger Merav Ben-David. According to a Nov. 4 report from Fortune, Lummis was an early adopter of Bitcoin (BTC), having first purchased the cryptocurrency in 2013 thanks to…
“# Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO ” U.S. federal prosecutors are pushing for a heavy prison sentence to be levied against one of the founders of Centra Tech — the company behind a notorious initial coin offering (ICO) in 2017 that was promoted by professional boxer Floyd Mayweather and musician DJ…
“# Investors fight to keep Bancor securities case out of Israeli court ” Lawyers representing investors in a class action against BProtocol Foundation, parent company of decentralized liquidity network Bancor, have asked for the case to be tried in the United States rather than Israel. According to court records filed Nov. 2 in the U.S….
“# South Korean financial watchdog to ban privacy coins ” According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under…
“# UN drugs and crime wing advises Kenya to use blockchain against corruption ” Blockchain technology can help countries like Kenya from losing billions of dollars to corruption, according to an official at the United Nations’ drugs and crime agency. David Robinson, the regional anti-corruption advisor at the UN’s Office on Drugs and Crime, believes…