Unicoin Executive Who Put Bounty on Vladimir Putin’s Head Charged With $110M Fraud

The U.S. Securities and Exchange Commission (SEC) has charged Alexandre Konanykhin with securities fraud after he allegedly swindled more than 5,000 unsuspecting investors by inflating the value of his company’s Unicoin tokens. SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, Vladmir Putin, for mass murder,” the February 2022 Facebook post reads. … Read more

Australian Regulator Appeals Ruling on Block Earner Crypto Offering

An Australian regulator announced plans to seek special leave from the High Court to appeal a recent ruling that determined cryptocurrency firm Block Earner’s offering was not a financial product. ASIC Seeks Definitive Ruling on What Constitutes a Financial Product The Australian Securities and Investments Commission (ASIC) has announced that it will seek special leave … Read more

Pakistan to Launch Digital Assets Authority to Regulate Crypto Market and Foster Financial Innovation

The Pakistani Ministry of Finance has announced a significant initiative to regulate digital assets in the country, unveiling plans for the establishment of the Pakistan Digital Assets Authority (PDAA). This dedicated body aims to oversee the blockchain-based financial infrastructure, ensuring compliance with Financial Action Task Force (FATF) standards while promoting economic inclusion and responsible adoption … Read more

Crypto.com Secures MiFID License to Expand Services Across Europe

Crypto.com has secured a MiFID license via its acquisition of Allnew Investments Ltd., paving the way for broader financial services offerings, including securities and derivatives across Europe. Crypto.com Moves Deeper Into Regulated Financial Services With MiFID License Crypto.com has officially entered the European traditional finance arena after securing a MiFID (Markets in Financial Instruments Directive) … Read more

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance

Hong Kong just turbocharged its digital finance ambitions, locking in a game-changing stablecoin law that mandates licenses, enforces full compliance, and ignites the city’s crypto leadership. Hong Kong Enacts Licensing Law for Stablecoin Issuers, Ushering in New Era for Crypto Assets The Hong Kong Monetary Authority (HKMA) announced on May 21 that the Legislative Council … Read more

US Lawmakers Reload Blockchain Regulatory Certainty Act to Shield Crypto Builders

U.S. lawmakers are charging forward with a game-changing bill to shield non-custodial crypto developers from overreach, unlocking innovation and safeguarding America’s blockchain future. Emmer’s Crypto Shield Returns: Will Non-Custodial Devs Finally Breathe Free? U.S. Representative Tom Emmer (R-MN) announced on May 21 the reintroduction of the Blockchain Regulatory Certainty Act (BRCA), a bipartisan proposal intended … Read more

Crypto Exchange Lbank Halts UAE Registrations, Plans to Retire Users in Russia, Ukraine

Lbank announced on May 20 that it has temporarily suspended new user registrations from the United Arab Emirates to comply with regulatory requirements set by Dubai’s Virtual Assets Regulatory Authority. Existing UAE Users Face Service Restrictions Lbank, the British Virgin Islands-based cryptocurrency exchange, announced May 20 it has temporarily suspended new user registrations from the … Read more

Russia Prepares Bill to Streamline Confiscation of Digital Assets

Russia is preparing a bill that would specify the requirements and procedures for the confiscation of digital assets, taking into account the specific circumstances surrounding these actions. The Russian Ministry of Justice emphasized that anonymity and the lack of centralized control over these assets have hampered these efforts. Russia to Introduce Bill Specifying Procedures to … Read more

India Supreme Court Asks Government Why Crypto Still Isn’t Regulated

India’s Supreme Court has intensified pressure on the government to regulate crypto, slamming bitcoin trading as hawala-like and warning of its unchecked impact on the economy. Supreme Court Urges Central Policy With Crypto Labeled as Hawala-Like Activity The Supreme Court of India urged the central government to establish a clear policy on cryptocurrency regulation, citing … Read more

SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

Crypto regulation is entering a new era as the SEC commits to ditching aggressive enforcement in favor of crystal-clear rules, unleashing long-awaited momentum for blockchain innovation. Crypto Gets Regulatory Reset as SEC Chair Paul Atkins Prioritizes Clarity Over Crackdowns U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins delivered a pointed message to lawmakers during … Read more