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Regulatory

Regulatory (103)

IOSCO’s Ambitious Crypto Map Drawn with Cross-border Applications in Mind

Friday, 26 May 2023
Regulatory
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Sweeping, holistic cryptocurrency regulation is trending. On the heels of the landmark “markets in crypto-assets” (MiCA) framework recently codified by the European Council, the International Organization of Securities Commissions (IOSCO) issued broad and overarching recommendations for a worldwide framework detailing crypto asset best practices and regulations.

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EU Adopts Historic Crypto Regs As Sector Combats Fraud

Friday, 19 May 2023
Regulatory
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The European Union (EU) codified a landmark regulatory framework that lays out guidelines for crypto-asset service providers and issuers at a union-wide level for the first time ever.

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DAME Tax Could Spell End of BTC Mining in U.S.

Monday, 15 May 2023
Regulatory
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President Joe Biden announced a plan to impose a 30% tax on the cost of electricity used to mine cryptocurrency in his 2024 budget proposal, which some see as a signal that operations in the U.S. may become fatally cost prohibitive.

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FBI, Ukrainian Authorities Shut Down Sprawling Crypto Laundering Operation

Tuesday, 02 May 2023
Regulatory
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Ukrainian police and the FBI seized nine cryptocurrency exchange sites associated with money laundering. So reports Bleeping Computer.

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N. Korean National Indicted Over Sprawling Crypto Laundering Scheme

Saturday, 29 April 2023
Regulatory
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The U.S. continued its digital cold war against international actors allegedly using cryptocurrency to mask illicit activities. To that end, the U.S. Department of Justice (DOJ) indicted Sim Hyon Sop, a North Korean Foreign Trade Bank representative, on multiple charges he used cryptocurrency to launder money to assist the Democratic People’s Republic of Korea to skirt sanctions.

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McHenry’s Financial Services Committee Butts Heads with SEC Over Crypto Regs

Sunday, 23 April 2023
Regulatory
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House Republicans on the Financial Services Committee have taken an overtly critical stance of the Securities and Exchange Commission’s (SEC) digital asset enforcement, and its members made sure Chair Gary Gensler was aware of that during a recent congressional hearing regarding the matter.

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DOJ Targets Six Accounts in New Crypto Butchering Scam

Saturday, 08 April 2023
Regulatory
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The U.S. Department of Justice seized approximately $112 million worth of cryptocurrency from accounts allegedly tied to purported “pig butchering” investment scams. So reports The Register.

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COIN Facing Potential Lawsuit After SEC Investigation

Friday, 24 March 2023
Regulatory
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The Securities and Exchanges Commission has warned Coinbase of potential litigation surrounding its cryptocurrency exchange, staking service and wallet service. So reports Quartz. 

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Look To the Past to Avoid Future Crypto Mistakes: OCC Hsu

Saturday, 18 March 2023
Regulatory
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Michael Hsu, Acting Comptroller of the Currency, called upon bankers and regulators to look at past mistakes in the fiat banking industry to help avoid future ones when dealing in crypto.

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DOJ Shuts Down ChipMixer, Breaks Up Alleged $3B Laundering Ring

Saturday, 18 March 2023
Regulatory
Written by

The Department of Justice announced it dismantled ChipMixer, a darknet cryptocurrency service allegedly enabling bad actors to launder billions in digital assets. So reports The Hill.  

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