US crypto firm BitGo wins payment license in Singapore
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets. Go to Source
Regulation
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Judge finds Ripple Labs liable for $125M penalty in SEC case
Ripple’s civil case with the SEC has been ongoing since December 2020, when the regulator alleged the blockchain firm used XRP as an unregistered security to raise funds. Go to Source
Gov. Tim Walz accepted — and returned — $4K donation from FTX exec
Nishad Singh and Sam Bankman-Fried contributed to the campaigns of two Minnesota policymakers mere days before FTX’s collapse in 2022. Go to Source
Crypto Super PACs win big backing candidates in 3 US state primaries
After backing two losing candidates in Arizona primaries on July 30, the crypto-backed Fairshake PAC and its affiliates could claim up to four new victories in congressional races. Go to Source
Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian … Read more
‘Crypto Advocates for Harris’ movement claims support from Mark Cuban
The organization was apparently formed the same day Kamala Harris announced her running mate, Minnesota Governor Tim Walz. Go to Source
Crypto PACs invest $4M in candidates ahead of Aug. 6 primaries
Missouri, Washington and Michigan residents will be able to vote in primaries for specific candidates backed or opposed by crypto interest groups. Go to Source
Industry responds to Kamala Harris’ VP pick, despite no clear crypto platform
Crypto users recognized that Minnesota Governor Tim Walz was a relative unknown on crypto policy, but many expressed concerns about his general approach to regulation. Go to Source
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and … Read more
Arizona primary involving crypto Super PAC’s $1.3M is a squeaker
The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race. Go to Source