Regulation

Russia Moves to Regulate Crypto Mining, Targeting Illegal Activities

Russia's State Duma has taken a significant step towards regulating cryptocurrency mining by advancing a bill designed to curb illegal activities and promote investment...

Kamala Harris Declines Invitation to Bitcoin 2024 Conference

Kamala Harris, the newly appointed Democratic presidential candidate, has reportedly declined an invitation to speak at the Bitcoin 2024 Conference, despite initial speculation. Bitcoin...

Paraguay’s Power Fee Hikes Face Criticism from Bitcoin Miners

Paraguay’s President Santiago Peña has dismissed complaints from Bitcoin mining farm operators regarding the recent power fee hikes enacted by the National Power Administration...

India’s 2024 Budget Keeps Crypto Tax Rules Unchanged

India’s Finance Minister Nirmala Sitharaman introduced the 2024-2025 budget on February 1, marking the first budget since Prime Minister Narendra Modi was re-elected for...

South Korea Implements Stringent Crypto Exchange Regulations

New regulations by South Korea’s financial watchdog to protect user assets on crypto exchanges took effect on July 19. The much-anticipated regulations from South Korea’s...

Hong Kong Regulators Support for New Stablecoin Regulations

Hong Kong regulators have announced the conclusion of a stablecoin regulation consultation phase, receiving positive feedback from stakeholders. Support for Stablecoin Regulatory Regime On July 17,...

Federal Judge Approves Robinhood’s $9M Class-Action Settlement

Robinhood has reached a $9 million settlement to resolve a class-action lawsuit in Washington over unsolicited text spamming through its ‘refer-a-friend’ program. Settlement Details On July...

Coinbase Refines Subpoena to Focus on Gensler’s SEC Tenure

Coinbase has refined its approach in its effort to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Initially seeking access to Gensler’s...

SEC vs. Ripple: One Year After the Landmark Ruling

July 13, 2023, marked a pivotal moment in the cryptocurrency industry with the United States Securities and Exchange Commission’s (SEC) ruling against Ripple Labs....

Nigeria’s SEC Urged to Regulate Bitcoin and Ether as Commodities

In light of a recent court ruling in Illinois that classified Bitcoin and Ether as commodities, Nigerian stakeholders are encouraging the Nigerian Securities and...

SEC Ends Paxos Investigation, Declares BUSD a Non-Security

The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into stablecoin issuer Paxos, signaling a significant win for the crypto market....

BitMEX Pleads Guilty to Bank Secrecy Act Violation

Cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to implement a robust Anti-Money Laundering (AML) program. This...