Day 15 of the trial of Sam Bankman-Fried (SBF) continued with the prosecution’s cross-examination, focusing on SBF’s relationship with the Bahamian government, handling of customer funds, and transparency issues. The defense conducted a re-direct examination to provide context and nuance to SBF’s responses. The prosecution presented evidence, including messages and videos, to support their claims. […]
The U.S. Securities and Exchange Commission (SEC) has come under scrutiny from the U.S. Government Accountability Office for failing to follow proper procedures in issuing guidance on cryptocurrency safeguarding. The accountability office claims that the SEC did not submit the necessary reports to Congress and the Comptroller General before implementing the guidance. The SEC argues […]
In a groundbreaking move, the Monetary Authority of Singapore (MAS) has formed an alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA). Together, they aim to lead pioneering pilot initiatives in the […]
The Spanish Ministry of Economy and Digital Transformation has announced that the Markets in Crypto Assets (MiCA) Act, the first comprehensive crypto framework in the European Union, will be implemented on a national level in December 2025. This move aims to provide legal certainty and greater protection for Spanish investors in crypto assets. Spain is […]
Today marks the 15th anniversary of the release of the Bitcoin white paper by Satoshi Nakamoto. This groundbreaking document proposed a decentralized electronic cash system that could solve the issue of double spending in digital currency. Satoshi’s creation was influenced by previous developments in cryptography and e-money, such as Wei Dai’s b-money concept. Bitcoin introduced […]
In a significant development for the crypto industry, the United Kingdom’s His Majesty’s Treasury (HMT) has released an update on the regulatory framework for crypto assets. The announcement demonstrates the UK’s commitment to fostering an open and well-regulated capital market that embraces the potential of cryptocurrencies and blockchain technology. The HMT’s response covers several key […]
Following the tragic events in Israel in October, a narrative emerged linking Hamas funding to cryptocurrencies. The Wall Street Journal published a story on October 10, authored by Angus Berwick and Ian Talley, which fueled Senator Elizabeth Warren’s campaign against the crypto sector. However, subsequent insights from Chainalysis and Elliptic cast doubt on these claims, […]
The UK Treasury has finalized its regulatory approach to the crypto industry, with a phased introduction set to begin in early 2024. The first phase will focus on regulating fiat-backed stablecoins, which are digital currencies that maintain a stable value by referencing traditional fiat currencies. The government aims to facilitate and regulate the use of […]
The UK government has released a policy update outlining the regulation of fiat-backed stablecoins in the country. The update focuses on two areas: the use of stablecoins in payment chains and their issuance and custody within the UK. The Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) will all […]
The United Kingdom government has released an update on its plans to regulate fiat-backed stablecoins. The aim is to facilitate and regulate the use of these stablecoins in the country’s payment chains. The government intends to introduce specific legislation in 2024, which will bring the regulation of fiat-backed stablecoins under the Financial Conduct Authority’s (FCA) […]
