Law and Legislation

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World Leaders Look to Prevent Crypto Money Laundering

Nick Chong·
World Leaders Look to Prevent Crypto Money Laundering 14
Cracking Down on Money Laundering Through Bitcoin & Ilk One main critique that mainstreamers have for Bitcoin and cryptocurrencies more broadly is that they can be used for illicit activities. Governments have — surprise, surprise — heard these cries, and have started to crack down on the industry. Most recently,...

SEC Cracking Down on Crypto: Sues Altcoin & Delays Bitcoin ETF Proposals

Nick Chong·
SEC Cracking Down on Crypto: Sues Altcoin & Delays Bitcoin ETF Proposals 15
It seems that the U.S. Securities and Exchange Commission (SEC) is renewing its crackdown on crypto, a space which they may see believe is rife with rule-breaking. Altcoin Project Veritaseum Slammed by SEC Announced just hours ago, during the wee hours of Tuesday morning, the regulator has filed an emergency...

IRS Cracking Down on Crypto Again: U.S. Doesn’t Like Bitcoin

Nick Chong·
IRS Cracking Down on Crypto Again: U.S. Doesn't Like Bitcoin 16
IRS Sends New Tax Warning to Crypto Users The U.S. Internal Revenue Service (IRS) is renewing its crackdown on the crypto industry. According to a recent report from CoinDesk, the American tax agency is sending yet another round of letters to individuals it believes is involved in the trading of...

SEC Crypto Crackdown: ICO Rating Charged for Pay-For-Play

Nick Chong·
SEC Crypto Crackdown: ICO Rating Charged for Pay-For-Play 17
ICO Rating Forks Out Thousands The U.S. Securities and Exchange Commission (SEC) is not giving the crypto industry any breathing room. Days after bringing legal action against a once-popular altcoin, the American financial regulator revealed in a press release that it is charging ICO Rating, a Russian entity that was...

FTC Settles in Trial Against Promoters of Crypto Pyramid Schemes

Alex Kyriakopoulos·
FTC Settles in Trial Against Promoters of Crypto Pyramid Schemes 18
The hype surrounding crypto just keeps on growing. But as always, with increasing public attention, those looking to capitalize on the ignorant are following close behind.  Not to fear, however: government agencies are close behind. With the US and Canada’s joint Operation Cryptosweep targeting unregistered ICOs, the crypto community is...

Crypto Giant Binance Looks to Start Venus On the Right Foot, Unlike Libra

Nick Chong·
Crypto Giant Binance Looks to Start Venus On the Right Foot, Unlike Libra 20
Crypto War: Libra vs. Venus Earlier this month, Binance made an announcement that caught many with their pants down: the prominent crypto exchange was planning to challenge Libra head-on with its own stablecoin venture, “Venus”. While the project seemed nothing more than a PR trick, the unicorn is serious, and...

Singapore, Thailand, Hong Kong Are Actively Developing Crypto Regulations

Avatar photoAdrian Mathieu·
regulations
Asian countries and jurisdictions such as Thailand, Singapore, and Hong Kong have been actively developing regulations for cryptocurrencies and security tokens. Thailand Has the Most Progressive Crypto Regulations  Regulators in Thailand have created the most well-defined guidelines for local exchanges, crypto assets, and security token offerings. The nation’s government released...