Regulation

Changpeng Zhao Reports to California Prison Following Guilty Plea

Changpeng Zhao, the founder and former CEO of Binance, has officially started his four-month prison sentence in California. Zhao, often referred to as "CZ,"...

Qatar Central Bank Launches First Phase of CBDC Project

The Qatar Central Bank (QCB) has completed the infrastructure for its central bank digital currency (CBDC) project and has initiated the first phase of...

Banking Lobby Urges Biden to Reconsider SAB 121 Repeal Veto

Just hours before President Joe Biden vetoed the repeal of the Staff Accounting Bulletin (SAB) 121 on May 31, the American Bankers Association (ABA),...

Former Deutsche Bank Executive Sentenced to 41 Months for Fraud Schemes

On May 31, Rashawn Russell, a former Deutsche Bank executive, was sentenced to 41 months in prison by the Eastern District of New York...

Binance Compliance Chief Detained in Nigeria, Suspected of Malaria

Tigran Gambaryan, the head of compliance at Binance, remains imprisoned in Nigeria, suspected of suffering from malaria, according to a family spokesperson who spoke...

Biden Faces Decision Deadline on SEC Crypto Rules Repeal

President Joe Biden must soon decide whether to veto or sign a resolution that overturns the U.S. Securities and Exchange Commission's (SEC) controversial Staff...

Sullivan & Cromwell Cleared of Wrongdoing in FTX Case

An investigation into Sullivan & Cromwell LLP, the law firm associated with the now-defunct crypto exchange FTX, has revealed that the firm was neither...

U.S. House Passes Major Crypto Regulation Bill with Bipartisan Support

The U.S. House of Representatives achieved a significant legislative milestone for the cryptocurrency industry on Wednesday by passing the Financial Innovation and Technology for...

Gensler’s Vote Could Determine Fate of Ether ETFs This Week

The future of spot Ether exchange-traded funds (ETFs) could be decided this week by a crucial vote from Gary Gensler, the chair of the...

SEBI Proposes Multi-Regulator Approach for Crypto Assets

The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator framework for cryptocurrency regulation to a government panel. Meanwhile, the Reserve Bank...

Binance’s CZ Plans to Write During Upcoming Prison Term

On April 30, Judge Richard Jones sentenced Changpeng "CZ" Zhao, the former CEO of Binance, to four months in federal prison. Zhao pleaded guilty...

Binance Executive Denied Bail in Nigeria Money Laundering Case

Tigran Gambaryan, a Binance executive, has been denied bail by a Nigerian court amidst charges of money laundering and terrorism financing. Judge Emeka Nwite...