Alaska adds ‘virtual currency’ to its regulatory regime
Starting in 2023, the companies will have to obtain a new type of license to operate with crypto in the state. Go to Source Powered by WPeMatico
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South Korean court freezes $92M in assets related to Terra tokens
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra. Go to Source Powered by WPeMatico
Sam Bankman-Fried agrees to US extradition ‘to put the customers right’: Report
The former FTX CEO attended an emergency hearing of the Bahamas Magistrate Court just hours earlier, returning to prison following the event. Go to Source Powered by WPeMatico
Next House committee chair reintroduces bill on crypto innovation
Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward. Go to Source Powered by WPeMatico
Sam Bankman-Fried wants to see indictment before extradition to US: Report
Authorities in the Bahamas have had the former FTX CEO in custody since Dec. 12, shortly before he was denied bail. Go to Source Powered by WPeMatico
US Financial Stability Oversight Council urges congressional action on crypto
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.” Go to Source Powered by WPeMatico
FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
According to lawyers representing FTX’s provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”. Go to Source Powered by WPeMatico
Dutch central bank says KuCoin is not licensed and ‘illegally offering services’
“This may increase the risk of customers becoming involved in money laundering or terrorist financing,” said De Nederlandsche Bank. Go to Source Powered by WPeMatico
SBF’s legal battle still has “a lot to play out,” according to legal commentators
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years. Go to Source Powered by WPeMatico
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people. Go to Source Powered by WPeMatico
