Sam Bankman-Fried enters not guilty plea for all counts in federal court
The former FTX CEO faces eight criminal counts in the United States which could result in 115 years in jail should he be convicted. Go to Source Powered by WPeMatico
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Sam Bankman-Fried’s legal team warns of ‘harassment and threats’ to parents in latest court filing
Two unidentified parties are planning to act as sureties for Sam Bankman-Fried’s bail, and his legal team wants to ensure they stay that way. Go to Source Powered by WPeMatico
Report: Morocco Central Bank Governor Says Crypto Draft Law Now ‘Ready’
A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of Bank Al-Maghrib (BAM), has said. Adoption of crypto by Moroccan residents is now inevitable hence a regulatory framework is needed. BAM to Hold Discussions … Read more
US lawmakers could consider stock trading ban in next session of Congress
All members of Congress are already required to report most investments in stocks and cryptocurrency, but many have pointed to potential conflicts of interest. Go to Source Powered by WPeMatico
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that “turmoil in crypto assets market” is among “the major risks that can … Read more
Robert Kiyosaki Buying More Bitcoin — Warns SEC Regulations Will Crush Most Cryptocurrencies
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed why he is buying more bitcoin. He warned that the Securities and Exchange Commission (SEC) regulations will “crush” most other cryptocurrencies. Robert Kiyosaki Buys More Bitcoin, Warns About SEC Regulations Crushing Crypto Tokens The author of Rich Dad Poor Dad, … Read more
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX
The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrencies were transferred to its wallets “for safekeeping” and “are being held by the Commission on a temporary basis.” Bahamas Regulator Seizes FTX’s Cryptocurrencies The Securities … Read more
Argentine Senate Mulls Crypto Advertisement Regulation
The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations promote crypto. The objective of the project, which is still under discussion, would be to educate consumers on the dangers of investing in crypto and also to protect them from investing in crypto Ponzi schemes. Argentine Senate … Read more
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the regulator stressed. Philippine SEC Warns About Unregulated Crypto Exchanges The … Read more
Report: R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling
Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do “a world tour just to pay them all back.” Akon, however, conceded during an interview that he should “have gotten more … Read more