South Korean government to launch crypto transaction monitoring system
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions. Go to Source
Regulation
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Bitwise files amended Ethereum ETF S-1 — experts predict July launch
SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July. Go to Source
Binance exec trial will resume July 5 as family reports health problems
Though Nigeria’s tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering. Go to Source
UK voters call for candidates to consider crypto as election looms
It’s unclear what a Labour Party government could mean for digital assets in the U.K., but according to one poll, many voters want politicians to consider the industry. Go to Source
SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without … Read more
Judge signs off on expedited schedule for Consensys suit against SEC
While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm. Go to Source
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the … Read more
Circle’s Stablecoins Now MiCA Compliant
Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU … Read more
SEC files lawsuit against FTX-linked bank, alleging fraud
Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.” Go to Source
Coinbase will custody digital assets for US Marshals Service
The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets. Go to Source