NYDFS adopts regulation to assess supervisory costs for licensed crypto firms
Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services. Go to Source Powered by WPeMatico
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Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. … Read more
Blockchain Association files further FOIA requests over banking closures
The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks. Go to Source Powered by WPeMatico
G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required
The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’ discussion on crypto was “very substantive.” G20 Finance Chiefs on Crypto … Read more
Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison
James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the “unlawfully obtained” Bitcoin scheme. Go to Source Powered by WPeMatico
SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’
“It seems perverse to me that we would be encouraging centralization,” said SEC commissioner Hester Peirce prior to a vote on the proposal. Go to Source Powered by WPeMatico
Arizona governor vetoes bill targeting taxes on blockchain node hosts
The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level. Go to Source Powered by WPeMatico
San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee
Police chief Bill Scott said there was evidence that the suspect and Bob Lee knew each other but did not comment on the possible motive of the attack. Go to Source Powered by WPeMatico
US court issues summons to Tron’s Justin Sun, threatens default judgment if no response
The summons was related to a civil lawsuit filed by the SEC against Justin Sun and others over allegedly offering and selling TRX tokens as unregistered crypto asset securities. Go to Source Powered by WPeMatico
Judge orders YouTuber ‘BitBoy Crypto’ to appear and address alleged harassment
Ben Armstrong was ordered to appear in Florida court to address allegations he threatened and harassed lawyers behind a class-action lawsuit against him and other crypto influencers. Go to Source Powered by WPeMatico