Regulation

South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

South Korea’s Financial Services Commission (FSC) will hasten the process of reviewing the current bills on crypto regulation, South Korea’s Edaily reported on...

MakerDAO plans against sanctions from USDC exposure

Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral.On August 8, issuers of USDC...

SEC, CFTC may seek crypto exposure reports from hedge funds

US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on Aug. 10.The Commodity Futures Trading...

SEC orders Bloom Protocol to register BLT token as security or face $31M fine

The Securities and Exchange Commission (SEC) has sent a cease and desist letter to Bloom Protocol (BLT), asking it to register its tokens...

Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’

Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see “common sense frameworks for regulation”...

China’s Cyberspace Administration issues warning on promotional cryptocurrency material

The Cyberspace Administration of China (CAC) issued a new warning about “illegal information, accounts and websites” promoting cryptocurrency on August 9.CAC on a...

Circle says freezing wallets went against its beliefs of an open internet

USDC stablecoin issuer Circle released a statement to clarify its stance after freezing all ETH addresses affected by the U.S. Treasury Department‘s sanction against Tornado...

Over 70k Ripple holders join class action lawsuit against SEC

Over 70,000 Ripple (XRP) holders have joined John Deaton’s class action lawsuit against the U.S. Securities and Exchange Commission (SEC).70,100 as of now....

US vows to ‘aggressively pursue’ crypto mixers following Tornado Cash sanctions

U.S. Secretary of State Anthony Blinken warned that the administration would continue to “aggressively pursue” crypto mixers suspected of laundering illicit funds.We’ll continue...
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