UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’

UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not 'Stifle Development'According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets but can potentially position England and […]

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UK National Crime Agency Seizes $33 Million in Cryptocurrency

UK National Crime Agency Seizes $33 Million in CryptocurrencyThe British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this […]

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European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space

European Banking Authority Concerned About Hiring Talent to Oversee Crypto SpaceEurope’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets it’s supposed to supervise. Banking Watchdog Faces Staffing Problems Threatening Its Ability to Regulate […]

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Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP

Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRPRipple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit Ripple CEO Brad Garlinghouse discussed the lawsuit brought by […]

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‘Big Short’ Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase Correctly

'Big Short' Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase CorrectlyHedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset […]

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Russia Gears Up to Regulate NFTs Through Legislative Amendments

Russia Gears Up to Regulate NFTs Through Legislative AmendmentsAuthorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital collectibles. Economy Ministry Takes Initiative to Regulate NFTs in Russia […]

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