SEC Issues Investor Alert Highlighting 5 Common Crypto Scams
The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that…
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Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers
President Biden vetoes bipartisan resolution to overturn SEC's controversial crypto accounting guidance, emphasizing the need for consumer and investor protection in the digital asset market. The post Biden vetoes resolution…
New York Tightens Customer Service Regulations for Crypto Companies
The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to…
Lawmakers push Biden to approve SAB 121 overturn to allow regulated financial firms to hold crypto
Patrick McHenry and Cynthia Lummis led lawmakers urging Biden to reconsider vetoing bipartisan CRA overturning SEC Staff Accounting Bulletin 121. The post Lawmakers push Biden to approve SAB 121 overturn…
Europol shuts down malware dropper ring linked to at least $75M in stolen crypto
The Europol's Operation Endgame has taken down major malware droppers including IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee, and Trickbot. Investigations revealed that one of the perpetrators behind the exploits was able…
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative,…
Franklin Templeton CEO warns US risks losing crypto leadership to other nations
Franklin Templeton's CEO Jenny Johnson warns of the US losing crypto leadership due to restrictive regulations, praises proactive nations. The post Franklin Templeton CEO warns US risks losing crypto leadership…
South Korean Universities Face Banking Hurdles in Converting Crypto Donations to Cash
South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns…
Hong Kong’s Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1
The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends…
US Treasury distinguishes between privacy and obfuscation in crypto mixers
Under Secretary Brian Nelson discusses the risks and national security challenges posed by crypto mixers, emphasizing the need for transparency. The post US Treasury distinguishes between privacy and obfuscation in…
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