Global securities body IOSCO unveils crypto regulatory framework proposals
According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction.
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US Congress members urge financial authorities to invalidate SEC’s SAB 121
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.
Turkey mulls addressing licensing and taxation in new crypto rule
Bora Erdamar from BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse.
Tornado Cash users file appeal over judgment in favor of US Treasury
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court.
Google sues scammers over creation of fake Bard AI chatbot
Google opens lawsuit against scammers offering a malicious version of its AI chatbot Bard that tricks users into downloads and installs malware software on their devices.
FTX files billion-dollar lawsuit against ByBit over asset withdrawals
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform.
Indian Supreme court rejects crypto petition, highlights legislative nature
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature.
Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M
Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC.
EU backs Data Act with clause to shut off smart contracts
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law.
U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether.
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