The Bharat Web3 Association (BWA) has emphasized the need for a comprehensive regulatory framework for the crypto and web3 industry in India. This declaration came as part of the association’s response to recent comments by a top official in...
A top official in the Indian Ministry of Finance has stated the country has no plans to introduce legislation to regulate cryptocurrency sales and purchases. In a written response to the Parliament's lower house request, Minister Pankaj Chaudhary clarified...
Binance is reportedly facing new regulatory challenges in India. According to local media, The Times of India, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) has issued a show cause notice to Binance, demanding payment...
A group of U.S. lawmakers has called on the United States Commodity Futures Trading Commission (CFTC) to ban betting on the outcomes of the upcoming 2024 presidential elections in the country. Senators Jeff Merkley, Richard Blumenthal, and Elizabeth Warren,...
Two U.S. Senators, Catherine Cortez Masto of Nevada and Charles Grassley of Iowa, have introduced a bill aimed at expanding the Secret Service's powers to tackle cryptocurrency-related crimes. The proposed legislation, titled the "Combating Money Laundering in CyberCrime Act...
The Wisconsin Department of Financial Institutions (DFI) has launched a publicly accessible tracker to combat cryptocurrency and other investment scams. This initiative, according to the agency, comes in response to nearly $3.55 million lost by Wisconsinites to financial grooming...
The Law Commission of England and Wales has recommended that the government establish a new category of personal property to encompass crypto assets. The independent body, which reviews and suggests legal reforms, highlighted the shortcomings of the current property...
The United States Securities and Exchange Commission (SEC) has withdrawn its request for a court to rule on whether certain tokens, mentioned in its lawsuit against Binance, should be classified as securities. In a filing submitted on July 30,...
US Senator Cynthia Lummis has renewed her call for a Bitcoin reserve to help alleviate the US national debt, following the Treasury Department's announcement that the gross national debt exceeded $35 trillion for the first time. This figure marks...
The Dutch finance ministry has rejected multiple requests from the Netherlands Authority for the Financial Markets (AFM) for extra funding to oversee the cryptocurrency sector, according to a local report. The report, which quoted government documents, noted that the...
