Category: Regulators

US Senator launches investigation to disrupt use of cryptocurrency in cybercrime
Bitcoin, BTC, cybercrime, News, Regulators, Scams, Schemes and Hacks

US Senator launches investigation to disrupt use of cryptocurrency in cybercrime

US Senator Gary Peters (D-Michigan) said his Senate committee will look into tactics that discourage the use of cryptocurrencies in cybercrime. Senator Peters, who chairs the Homeland Security and Governmental Affairs Committee, Says Cryptocurrencies have become the “electronic ransom tool of choice”. “In fact, there has been a 150% increase in ransomware attacks this year […]

Read More
Binance CEO Reportedly Expects ‘Heavy’ Crypto Regulations
News, Regulations, Regulators, Trading

Binance CEO Reportedly Expects ‘Heavy’ Crypto Regulations

Changpeng Zhao, CEO of Binance, reportedly expects the crypto space to be affected by “heavy” regulations. Speaking at the REDeFiNE TOMORROW 2021 Annual Virtual Blockchain Summit, Changpeng Zhao (CZ) noted that Binance, which operates the world’s largest cryptocurrency exchange as well as an ecosystem of blockchain-based platforms and initiatives, such as Binance Academy, Binance Labs, […]

Read More
New Jersey slaps cease and desist order on digital asset wealth manager, says DeFi risks outweigh crypto volatility
Crypto, News, Regulators

New Jersey slaps cease and desist order on digital asset wealth manager, says DeFi risks outweigh crypto volatility

The New Jersey Securities Office is calling on crypto wealth manager BlockFi to stop offering interest-bearing accounts. Acting Attorney General Andrew J. Brooke announced today that the Securities Exchange Office has issued a cease-and-desist order against BlockFi in an effort to protect investors. According to the office OrderBlockFi has financed cryptocurrency lending and trading at […]

Read More
Treasury Secretary Yellen meets with top regulators to discuss risks and benefits of stablecoins
News, Regulators, Stablecoins

Treasury Secretary Yellen meets with top regulators to discuss risks and benefits of stablecoins

US Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets (PWG) to discuss regulations on stablecoins. According to an announcement by the US Treasury, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) will join Yellen and the PWG to discuss “interagency work […]

Read More
Federal judge allows Ripple to question former SEC director in XRP lawsuit
Altcoins, News, Regulators, Ripple, Ripple and XRP, XRP

Federal judge allows Ripple to question former SEC director in XRP lawsuit

The lawsuit brought by the US Securities and Exchange Commission (SEC) against Ripple takes a new turn, as a federal judge has announced that Ripple can fire former SEC director of corporate finance firm William Hinman. The Securities and Exchange Commission previously sought to prevent Ripple from questioning Hinman, stating that the San Francisco-based company […]

Read More
Grayscale says institutional fund includes Bitcoin, Ethereum, Cardano and additional Altcoins now registered with the SEC
Altcoins, Bitcoin, BTC, Grayscale, News, Regulators

Grayscale says institutional fund includes Bitcoin, Ethereum, Cardano and additional Altcoins now registered with the SEC

Digital asset management giant Grayscale has reached a new milestone with the Securities and Exchange Commission (SEC). in a new way depositGrayscale secured approval to launch a large equity fund (GDLC) as a joint stock company in the SEC after initially receiving approval in May. Big Capital Fund holds six crypto assets, including Bitcoin (BTC), […]

Read More
India Considers Banning Crypto Private Equity Amid Meteorological Rise in Digital Asset Investments: Report
India, News, Regulators

India Considers Banning Crypto Private Equity Amid Meteorological Rise in Digital Asset Investments: Report

Lawmakers in India are said to be preparing to introduce a cryptocurrency bill that would ban ownership of private digital assets in the country. According to PRS Legislative Research, a non-profit organization that tracks the activities of the Indian Parliament, The proposed cryptocurrency is listed and billed as the official digital currency for submission, consideration, […]

Read More
Binance Expands Compliance Team Amid Regulatory Backlash, Says It Helped Trash $500,000,000 Ransomware Ring
Binance, Crypto, News, Regulators

Binance Expands Compliance Team Amid Regulatory Backlash, Says It Helped Trash $500,000,000 Ransomware Ring

Crypto-exchange giant Binance is preparing to expand its compliance team in response to global regulatory pressures. Binance recently faced regulatory hurdles in Japan, Canada The UK faces questions about whether it has failed to comply with local regulations. On Wednesday, Binance CEO Changpeng “CZ” Zhao Mutual An open letter about the growing adoption of cryptocurrencies […]

Read More