Tag: crypto laws
Reopening Pandora’s Box: SEC Launches Another Kraken Laws
The US SEC accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency.
The first Kraken lawsuit occurred around Q3...
Celsius Network cleared from bankruptcy by US bankruptcy Court
On November 9, the court cleared the crypto lender to exit bankruptcy and enact its recovery plans.
On July 3, 2022, Celsius...
The Finale of the FTX Saga
After only a month of court proceedings and four hours of jury deliberations, the court found Sam Bankman Fried guilty of all seven...
Revix Exchange: The Road to Redemption Through Asset Recovery
Revix Exchange had invested 24% of its total client assets in the South Korean company.
On October 2, Haru Invets stated their...
Evident decline of the US crypto industry as FED establishes new monitoring system
Three factors plague the crypto industry, hindering its global adoption; high volatility, scalability, and security.
The US Federal Reserve has launched a new...
Far-reaching effects of aggressive crypto market regulation
The spectacular rise of the cryptocurrency industry has presented a fresh challenge for financial regulators. Some researchers and policymakers have warned the overly aggressive crypto market regulation might clutter the promising new financial asset class. Others have indicated that businesses could flee the jurisdictions whose regulations they consider ‘anti-crypto’ to the less regulated jurisdictions. Moreover, some have suggested that crypto regulatory actions will inspire market activity by offering clarity to participants.
Binance fights crypto crackdown, threatens to sue SEC
Binance crypto exchange has maintained that Binance.US is a separate entity that functions under a licensing agreement with the parent company.
On January...
Crypto mixers: The catalyst of all crypto illegalities
A crypto mixer is a decentralized platform where different digital currencies are blended to remove any trace of origin
Crypto mixers collect,...
Regulatory pressure forces closure of the Unbanked fintech venture
In 2022, the unbanked Fintech attracted nearly $1.5 million from 1500+ investors due to its zeal for the trade.
The Unbanked Fintech...
International securities watchdog, IOSCO, develops global approach to crypto law
The lack of comprehensive crypto rules has been the market's biggest undoing as platforms exploit the numerous loopholes.
IOSCO has developed the...
2023: A leap forward in blockchain security compared to 2022
The Ronin bridge hack is a prime example of a blockchain security vulnerability losing US$600 million due to technical issues.
Deus Finance, a...
Voyager Digital finally acquires funds to reimburse 35% of its former customers
Voyager Digital initially had various relations with the third largest crypto exchange owing Sam Bankman at least $75 million.
The company will return about...
Binance Exchange calls out the recent SEC crackdown on crypto
Partick Hillmann, Chief Strategy Officer of Binance Exchange, stated that the US SEC has been confusing in the past six months.
In 2021...
Bittrex Crypto exchange files for bankruptcy
Bittrex crypto exchange had to pay $29 million in fines to the US Treasury Department for "violations."
The Bittrex crypto exchange supported a...
Blockchain technology curbing the the faulty tax system of Africa
Kenya's government has increased its direct tax rate from 25% to 30% to recover the hard-hit economy.
Blockchain application in the financial sector...
Central African Republic announces plans for new crypto regulation framework
Digital assets require a legal framework to conduct and moderate their uses. CAR recently announced its plans to establish one of the...
