Summary: Crypto exchange operators in South Africa have until November 30 this year to apply for a license. This forms part of a plan by the country’s Financial Sector Conduct Authority designed to standardize the local industry and mitigate crypto-asset risks. The FSCA already received 20 applications since the policy...
Gemini co-founder Cameron Winklevoss has written an open letter to DCG founder Barry Silbert, accusing the latter of committing fraud. Winklevoss has threatened to sue if Silbert and his company fail to comply with the proposed restructuring plan.
Summary: Germany’s top watchdog BaFin turned down an application for a custody license from Binance, FinanceFWD reported. Paysafe also announced its decision to end support for Euro transactions by September this year. This comes as the exchange suffers blow after blow in European markets including being de-banked in Australia and...
Summary: Venture Capital behemoth Andreessen Horowitz announced its first office outside the U.S. set to open later this year. The A16z office led by General Partner, Sriram Krishnan will be stationed in London as a strategic investment point for growing the UK’s web3 ecosystem. Prime Minister Rishi Sunak praised the...
The judge overseeing FTX's bankruptcy case has allowed the crypto exchange to redact the names of 9 million of its individual customers from its bankruptcy filings.
The CFTC has won a lawsuit filed against OokiDAO, setting a critical precedent for lawsuits involving decentralized autonomous organizations. OokiDAO has been ordered to pay a penalty of $643,000 and shut down its operations in the U.S.
SEC Chairman Gary Gensler has accused crypto firms of willingly flouting rules and risking enforcement actions as the cost of doing business in the United States.
Summary: The measures introduced by the CBA include holds, declines, and limits on outgoing transfers to crypto exchanges. CBA will also introduce a monthly $10,000 limit on these transactions in the coming months. James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services said that measures should combat crypto-related...
The prosecutor heading the probe into Do Kwon and Terraform Labs believes that Do Kwon may be handed a record 40 year prison sentence. The Terra founder could then be extradited to the US to face trial and serve a separate jail term if convicted.
The D.C. District Court has summoned Binance CEO Changpeng Zhao in relation with the lawsuit filed against him by the SEC. Zhao has 21 days to respond to the complaint, failing which a default judgement will be entered against him.
The Securities and Exchange Commission has filed an emergency motion in the D.C. District Court seeking a temporary restraining order to freeze Binance US' assets.
