U.S. Senators Elizabeth Warren and Roger Marshall recently sponsored a bill titled "The Digital Asset Anti-Money Laundering Act." The primary goal of the bill is to reduce the use of cryptocurrency for money laundering. The Digital Asset Anti-Money Laundering...
Japan's ruling party has agreed to loosen corporate tax restrictions for digital currencies, demonstrating support for a sector that has been rocked by a series of disruptive events. In July, the Japan Cryptoasset Business Association and the Japan Virtual...
On December 14th, the US Federal Reserve announced another interest rate hike, causing the price of Bitcoin and other altcoins to fall. The previous day, the US Bureau of Labor Statistics published the November Consumer Price Index numbers, which...
In a meeting with the Treasury Committee on Wednesday, Ashley Alder, the incoming chairman of the U.K. Financial Conduct Authority (FCA), criticized crypto firms like FTX for being "deliberately evasive." Alder, who is currently the CEO of Hong Kong's...
The new CEO of FTX, John Ray III, has come under fire from the Bahamas Securities Commission for his comments about the ongoing investigation into the defunct cryptocurrency exchange. In a press release, the Bahamian regulator addressed "key statements"...
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against a Finder.com subsidiary over a cryptocurrency product, alleging that the company provided unlicensed financial services and violated consumer protection laws. Finder.com is the country's largest comparison website. ...
In a tweet yesterday, Michael Saylor, co-founder of Microstrategy, stated that Ethereum is likely to crash like TerraLuna. He questioned the token's transition to the Proof-of-Stake consensus mechanism. He compared it to Bitcoin, praising the latter for its long-term...
Microsoft, the world's largest software company, has prohibited cryptocurrency mining using its online services. This ban went into effect on December 1st. The development was part of the company's update of its Universal License Terms for Online Services. Little...
Binance has temporarily paused withdrawals of USD Coin (USDC) after customers withdrew over $2 billion in tokens from the exchange. The move has sparked concerns about the exchange's stability following the collapse of rival crypto exchange FTX. In a...
This week, Germany's top regulator pushed for global regulation of the cryptocurrency sector to protect customers, prevent money laundering, and maintain financial stability. According to Mark Branson, president of Germany's financial market regulator BaFin, a hands-off approach that simply...
