Regulation Updates

South Korean ministry recommends enactment of special Metaverse laws

The MSIT identified that imposing older regulations serve as a deterrent to the growth of new ecosystems. 1315 Total views 36 Total shares The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines […]

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Regulation Updates

Coinbase is fighting back as the SEC closes in on Tornado Cash

On Sept. 8, Coinbase announced it was bankrolling a lawsuit against the United States Treasury Department. The cryptocurrency exchange is funding a lawsuit brought by six people that challenges the sanctions on Tornado Cash. And on Sept. 9, Securities and Exchange Commission (SEC) Chair Gary Gensler announced he was working hard with Congress to create legislation […]

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Regulation Updates

White House OSTP department analyzes 18 CBDC design choices for the US

The technical analysis of the 18 CBDC design choices was made across six broad categories — participants, governance, security, transactions, data and adjustments. 2168 Total views 20 Total shares As directed by the President of the United States, Joe Biden, the Office of Science and Technology Policy (OSTP) submitted a report analyzing the design choices […]

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Regulation Updates

DOJ publishes second report on EO digital asset crime, announces new expert network

The U.S. Justice Department has published another report on crypto crime with detailed recommendations for legal reform; it has also formed a network of experts to advise offices. 1001 Total views 10 Total shares The United States Department of Justice (DOJ) published its latest report in response to President Joe Biden’s March executive order (EO) […]

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Regulation Updates

Possession of Bitcoin still legal in China despite the ban, lawyer says

Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement despite the ban on crypto. 614 Total views 42 Total shares Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property […]

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Regulation Updates

US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group

According to the Treasury Department, members of the sanctioned group fought alongside Russia’s military, including near territory Ukrainian forces reclaimed on Monday. 1375 Total views 24 Total shares The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned […]

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Regulation Updates

Thai SEC intends to ban crypto lending in the country

The Securities and Exchange Commission of Thailand is preparing to take radical measures in the aftermath of the summer’s crypto lending platforms’ crashes. 1021 Total views 15 Total shares The Securities and Exchange Commission (SEC) of Thailand is preparing to take radical measures in the aftermath of crypto lending platforms’ crashes experienced in Summer 2022. […]

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Regulation Updates

Coinbase to educate users on policies held by local politicians with new app integration

Verified Coinbase app users will be able to see where members of congress stand on crypto policies. 633 Total views 6 Total shares On Sept 14, Coinbase Co-Founder and CEO Brian Armstrong announced the company’s plans to begin integrating crypto policy efforts into its app. According to him, this will help the company’s 103 million […]

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Regulation Updates

US Treasury clarifies publishing Tornado Cash’s code does not violate sanctions

Residents would not be violating sanctions by visiting Tornado Cash’s website, copying the mixer’s open-source code, nor making the code available online or in print. 1310 Total views 7 Total shares The United States Department of the Treasury said “interacting” with cryptocurrency mixer Tornado Cash’s open-source code, with certain provisions, would not be in violation […]

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Regulation Updates

New regulatory bill grants Uruguayan Central Bank control over the nation's crypto industry

The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation. 671 Total views 24 Total shares The Uruguayan government has introduced legislation to the parliament that accelerates the regulation of the crypto space in the country and establishes the central bank as the regulatory authority. Introduced on Sept 5, the bill strives […]

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