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A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11. Go to Source Powered by WPeMatico
FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States. Go to Source Powered by WPeMatico
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market. Indonesia Mulls Over New Financial Legislation Designed to Tighten … Read more
“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters. Go to Source Powered by WPeMatico
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX. Go to Source Powered by WPeMatico
Crypto has been highly visible in this election cycle thanks to polls and political action committees. This is a new and unaccustomed role for it with unknown results. Go to Source Powered by WPeMatico
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.” Go to Source Powered by WPeMatico
Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.” Parliament Prepares to Legalize the Mining of Cryptocurrencies in … Read more
Gary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws. Go to Source Powered by WPeMatico
Nirmala Sitharaman’s comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment. Go to Source Powered by WPeMatico
