South African crypto platform “Africrypt” steals 3.6 billion USD
The two South African brothers behind the crypto investment platform “Africrypt” have disappeared along with 3.6 billion USD in bitcoin bought with investors’ funds. Regulators…
Tag: Regulation
Thailand bans “meme tokens” and NFTs
Thailand has recently imposed restrictions on cryptocurrency trading. The South-east Asian nation’s Securities and Exchange Commission (SEC) has implemented a ban on various types of…
Regulators looking into Decentralized Finance (DeFi)
After a boom in decentralized financial applications (DeFi) regulators are increasingly looking into the young subsector of the crypto industry. The US Commodity Futures Trading…
Hedge Funds Increasingly Interested in Cryptocurrencies
PricewaterhouseCoopers International (PwC) has published a comprehensive report on cryptocurrencies. The study provides an overview of how hedge funds and asset managers are dealing with…
Crime with Cryptocurrencies – Regulatory and Market Evidence
Two authoritative market intelligence reports on the illicit use of cryptocurrencies, released in February 2021, evidence a marked decrease in the phenomena during 2020 –…
Diem replaces Libra as Facebook stablecoin
Not much is left of the ambitious plans that Facebook presented to the public as Libra in the summer of 2019. The global corporation did…
Federal Council Gives The Go-Ahead For Digital Securities
The Federal Council has enabled the issuance of Blockchain-based shares as of the 1st of February 2021. Below is the background of the new law,…
Opposition to expanded FinCEN AML/KYC rules
A broad front of opposition is growing against FinCEN’s latest regulatory proposal regarding KYC/AML rules for digital assets. Opponents say the rules would destroy many…
MIT Blockchain Professor Gary Gensler appointed as SEC Chairman
The crypto-savvy Gary Gensler will be appointed to the position of SEC Chairman under the Biden administration. A move that could be advantageous for the…
Tether regulation proposal “apocalyptic” for crypto
Unregulated stablecoins such as Tether face increasing regulatory pressure from the US government. A new bill called the Stable Act is stirring anxiety in crypto…