Regulation

The looming decision on the approval of Ethereum exchange-traded funds (ETFs) in May faces harsh criticism from US Senators Jack Reed and Laphonza Butler. Urging the Securities and Exchange Commission (SEC) to reject further crypto ETF proposals, the Senators highlighted the potential risks associated with expanding beyond Bitcoin. They emphasized concerns about the lack of

The Securities and Futures Commission (SFC) in Hong Kong recently added Bybit to its list of suspicious virtual asset trading platforms. In a public warning issued on March 14, the SFC expressed concerns about Bybit’s unlicensed operations. The SFC stated that none of the entities within the Bybit group have obtained the necessary license to

Recent reports from blockchain analytics firm Elliptic have uncovered that the North Korea-backed hacker group Lazarus has once again resorted to using the sanctioned crypto mixer Tornado Cash to conceal its illicit transactions. This move comes after a hiatus following US government sanctions imposed on the group for their alleged involvement in aiding criminals to

In a recent development, stablecoin issuer Tether joined forces with the US Department of Justice and the FBI to seize $1.4 million USDT linked to a tech support scam network. This scheme specifically targeted vulnerable elderly individuals through deceptive pop-up ads. These ads would falsely alert victims to compromised devices, prompting them to seek help

The Biden administration recently unveiled its proposed budget for 2025, and it includes significant regulatory measures aimed at digital assets. These proposed rules are projected to bring in nearly $10 billion in additional tax revenue by 2025. The main focus of these measures is to close a loophole that has allowed wealthy crypto investors to

In response to Spain’s recent ban on data collection and usage by Tools for Humanity, the Worldcoin developer has taken legal action to challenge the decision. The ban, which was issued by Spain’s Data Protection Agency (AEPD) for a period of three months, has sparked a backlash from Tools for Humanity. The company argues that

During a recent Senate Banking Committee hearing on monetary policy, US Federal Reserve Chair Jerome Powell addressed the topic of a central bank digital currency (CBDC). Powell emphasized that the Fed is currently far from adopting or recommending a CBDC, reassuring lawmakers about potential privacy concerns. He made it clear that the Federal Reserve is

The recent joint motion filed by the SEC on March 5 against Binance.US has brought to light various concerns regarding the exchange’s compliance with regulatory requests. The SEC alleges that Binance.US has not been conducting satisfactory inspections and has refused to answer crucial questions posed by the regulatory body. This lack of cooperation raises serious

The Indian government recently made an announcement regarding a new requirement for technology companies involved in artificial intelligence (AI) development. According to a report by Reuters, companies must now seek government approval before publicly releasing AI tools that are still in the development phase or are deemed “unreliable.” This move is part of India’s efforts

Recently, Hong Kong’s Securities and Futures Commission (SFC) issued a warning to the public regarding suspicious websites that are impersonating licensed crypto exchanges in the city-state. The SFC highlighted that these deceptive websites are trying to deceive users by impersonating the image and branding of both Hash Blockchain Limited and OSL Digital Securities Limited. This