Leaked report: South Korea to establish crypto framework by 2024
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research.
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Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the…
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected…
5 state regulators allege organization is tied to Russia, scamming users using metaverse casino
"The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds," said the regulators.
FTX US applies for trust charter in New York
Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services.
Bank of Israel claims ‘public support’ for its CBDC project
Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.
Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that…
UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto…
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten…
Environmental groups urge US government to take action on crypto miners
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits.
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