Regulation

Binance to Appeal $4.4M Fine from Canadian Regulator

Binance, a leading cryptocurrency exchange, has filed an appeal against a $4.4 million fine imposed by the Financial Transactions and Reports Analysis Centre of...

Crypto Trading Firm Cumberland Secures New York BitLicense

The New York State Department of Financial Services (NYDFS) has granted cryptocurrency trading firm Cumberland a BitLicense, officially authorizing it to operate as a...

NY Attorney General Recovers $50 Million for Gemini

New York Attorney General Letitia James has achieved a significant victory for investors by securing a $50 million settlement from cryptocurrency exchange Gemini Trust...

PleasrDAO Sues Martin Shkreli Over Alleged Livestream

PleasrDAO, a decentralized autonomous organization known for its unique collection of digital and physical art, has filed a lawsuit against Martin Shkreli, infamously known...

South Korea’s FSC Clarifies NFT Classification with New Law

South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has released new guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets....

SEC Considers Spot Ether ETF Application from ProShares

The United States Securities and Exchange Commission (SEC) has added a spot Ether (ETH) exchange-traded fund (ETF) application from asset manager ProShares, approximately three...

New U.S. Law Grants President Power to Block Digital Asset Access

A recently enacted U.S. law has granted the president unprecedented authority to block access to digital assets, sparking widespread concern about its broad implications...

Court Orders ASIC to Pay Costs in Block Earner Legal Dispute

Block Earner, a crypto-based startup, will not face penalties for its yield-bearing product, “Earner,” due to its honest efforts to engage with the government...

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...