Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
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Law Decoded: Regulators Are Guarded But Getting There, July 3-10
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s notePolicy changes slowly. Crypto wants to move fast. Sometimes fairly, sometimes not, the crypto industry often portrays traditional financial regulators as calcified relics unprepared to deal with the coming new world. To be fair, everyone seems to…
SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations. 354 Total views 5 Total shares The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.A report published in a South Korean daily suggests that…
Russian security agency wants exchanges to share data with crime investigators
The measure comes along with a proposed ban on advertising of non-licensed crypto services. 214 Total views 3 Total shares Russia's Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country's Finance Ministry. Law enforcement agencies push for requiring crypto firms…
No, Jackson Palmer, you are wrong about crypto
15 years ago, the social media application Twitter was launched. You might have heard of it, it’s pretty big. Initially, the microblogging and social networking service was a friendly place, packed full of helpful articles and adorable videos. In a recent article, aptly titled titled ‘How Twitter ruined everything,’ the author Douglas Murray wrote, somewhat…
Immunefi says it has facilitated $66M in bug bounty payouts to whitehats since inception
The average bug bounty payout over 1,248 confirmed reports was $52,800. 976 Total views 3 Total shares Own this piece of crypto history Collect this article as NFTAccording to a new report released on Dec. 21, blockchain security firm Immunefi said that it has processed more than $65,918,994 crypto bounties paid to ethical hackers over…
SEC Publishes Memorandum From Meeting on SolidX, VanEck BTC ETF Proposal
The U.S. Securities and Exchange Commission (SEC) has published a memorandum, dated Oct. 9, from a meeting regarding the Bitcoin (BTC) exchange-traded-fund (ETF) proposal from VanEck and SolidX.As stated in the memorandum, VanEck is a New York-based investment management firm with $46 billion in assets under management and SolidX is a provider of blockchain software…
Bitcoin bulls set to net an $830M profit after Friday’s BTC options expiry
Two or three weeks ago, when Bitcoin (BTC) was trading below $52,000, a trader betting on $65,000 by Oct. 22 would have been considered extremely optimistic. The fact that 98% of the put (sell) options for Bitcoin's weekly options expiry on Oct. 22 has been placed below that price proves that this is true.Fast forward…
USDC transfer volume hit 5X USDT’s in fallout from FTX collapse
Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT. 148 Total views 18 Total shares Own this piece of history Collect this article as an NFTStablecoin USD Coin (USDC) has grown in popularity since the collapse of FTX and…