Calls to release Binance exec intensify after 6 months in Nigerian detention
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February. Go to Source
Regulation
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Bank of Russia Eyes Stablecoins for Cross-Border Transactions
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions … Read more
Russia Set to Launch Crypto Payment Trials Next Week, Report
Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and … Read more
SEC Charges Abra With Unregistered Sales of Crypto Asset Securities
The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company, further complicating the firm’s regulatory standing. SEC Targets Abra … Read more
Abra settles with SEC over unregistered securities charges
The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction. Go to Source
US authorities oppose ex-FTX exec’s motion to void plea deal
The US Attorney’s Office said Ryan Salame made a “demonstrably false” allegation by claiming prosecutors did not intend to continue investigating his partner, Michelle Bond. Go to Source
French authorities can hold Pavel Durov until Aug. 28
Prosecutors announced that the arrest was part of an investigation into an unnamed individual over cryptology services and complicity with illicit activities. Go to Source
France’s Macron denies Pavel Durov arrest was ‘political’
The Telegram founder was arrested at Le Bourget airport north of Paris on Aug. 24. Go to Source
India amasses 5M central bank digital currency users
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions. Go to Source
Court denies Kraken’s motion to dismiss SEC lawsuit
The SEC alleges Kraken is operating an unregistered securities exchange. Go to Source