Regulation
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Virtual Assets in Korea Take Center Stage: The Encryption Asset User Protection Act
On March 28th, the Government Affairs Committee of the Korean National Assembly convened a bill subcommittee to put 18 bills related to virtual assets on the agenda. Among the 17 e
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CryptoQuant: BUSD exchange balance decreased by 500 million pieces
According to reports, CryptoQuant data shows that after the CFTC initiated a lawsuit against the currency security incident in the United States, the balance of the BUSD exchange d
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Overview of Binance’s Illegal Cryptocurrency Trading Services in the United States
On March 27, according to a lawsuit issued by the U.S. Commodity Futures Trading Commission (CFTC), Binance was accused of illegally providing cryptocurrency trading services to U.
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Digital Assets such as Bitcoin, Ethereum, and Litecoin are recognized as commodities
According to reports, according to a lawsuit issued by the United States Commodity Futures Trading Commission (CFTC), it is mentioned in the document that digital assets such as Bi
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Coin On’s Chief Compliance Officer Samuel Lim is Indicted by CFTC
According to reports, according to litigation information submitted by the U.S. Commodity Futures Trading Commission (CFTC), Samuel Lim, the first chief compliance officer of Coin
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The Doubts of Nvidia’s CTO Michael Kagan on the Benefits of Cryptocurrency
On March 27th, Michael Kagan, chief technology officer of chip manufacturer Nvidia, expressed doubts about the benefits of cryptocurrency in a recent interview with the Guardian. K
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Coinbase Plans to Support Crypto-Friendly US Election Candidates
According to reports, Brian Armstrong, CEO of Coinbase, said that the exchange intends to start donating to candidates who support cryptocurrencies in the US election. The statemen
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Japan Plans to Coordinate with G7 Countries to Regulate Cryptocurrency at the Hiroshima Summit
It is reported that Japan plans to coordinate with the Group of Seven countries on the issue of regulating cryptocurrencies and make it a topic of discussion at the Hiroshima Summi
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UK Cryptocurrency Companies Face Banking Restrictions
On March 26th, cryptocurrency advocates said that many UK cryptocurrency companies find it difficult to obtain banking services because many banks completely restrict their interac
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BTC Achieves 3-Month High Market Capitalization
On March 25th, according to Glassnode data, BTC has achieved a market capitalization of $385.7 billion, a 3-month high.
BTC has achieved a market capitalization of $385.7 billion, -
How Customia Bank Failed to Join the Federal Reserve System Due to Its Focus on Bitcoin
According to reports, Bitcoin Archive tweeted that the Federal Reserve rejected the request of Customia Bank to join the Federal Reserve system because the bank focused on Bitcoin.
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The founder of TBIS was sentenced to four years and three months in prison for allegedly carrying out a $21 million encryption fraud scheme
On March 25th, according to an official announcement from the US Department of Justice, Michael Alan Stollery, founder and CEO of the cryptocurrency investment platform Titanium Bl
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US federal prosecutor accused Do Kwon of fraud
On March 24th, it was reported that the founder of Terraform Labs, Do Kwon, had been arrested by police in Montenegro for several hours before federal prosecutors in New York charged him with fraud. According to the indictment, Kwon is charged with conspiracy to defraud, commodity fraud, securities fraud, telecommunications fraud, and conspiracy to manipulate the market. In February, the United States Securities and Exchange Commission (SEC) filed civil charges against Terraform and Do Kwon, accusing them of fraud against investors and selling unregistered securities and securities swaps. Interpretation of…
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Coinbase will visit the UK to meet with policy makers, regulators, and the media
On March 24th, Coinbase announced on its social platform that its leadership team would visit the UK in a few weeks and meet with policymakers, regulators, and the media. The theme of the meeting may involve the EU’s comprehensive encryption regulatory framework, MiCA. Interpretation of this information: Coinbase, one of the largest cryptocurrency exchanges in the world, has announced that its leadership team will be visiting the UK in the coming weeks to meet with policymakers, regulators, and the media. The theme of the meeting is likely to revolve around…
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Federal Reserve Chairman Powell: Participants do not expect to cut interest rates this year
According to reports, Federal Reserve Chairman Powell: Participants believe that there will be no interest rate cuts this year. This year’s interest rate cuts are not our basic expectations. The plan supports strengthening supervision and regulation of the banking industry. Interpretation of this information: The Federal Reserve Chairman, Powell, has reported that participants of the Federal Reserve believe there will be no interest rate cuts this year, contrary to popular expectations. While some experts anticipated a cut, the belief is that this year’s economic conditions do not warrant such an…
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US Congressman Calls on Congress to Take “Joint Action” on Cryptocurrency Regulation
According to reports, Representative French Hill, chairman of the newly established House Financial Services Subcommittee, which focuses on digital assets, said that Congress needs to “work together” to regulate cryptocurrencies. Interpretation of this information: The call for regulation of cryptocurrencies was echoed by Representative French Hill, chairman of the newly established House Financial Services Subcommittee. The subcommittee which focuses on digital assets recognizes the proliferation of cryptocurrencies and the lack of regulation that surrounds it. Hill emphasizes that to properly regulate cryptocurrencies, Congress needs to work together to tackle the…
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French legislators agree to ban social media influencers from promoting unlicensed encryption products
According to reports, according to a plan voted by the Economic Committee of the French National Assembly on Wednesday, French social media influencers will not be allowed to sell unlicensed cryptocurrency products. Interpretation of this information: The Economic Committee of the French National Assembly recently voted in a plan that restricts social media influencers from selling unlicensed cryptocurrency products. This decision may have been motivated by the rise of cryptocurrency scams and the need to protect unsuspecting consumers. The influence of social media is undeniable, and it has become a…
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EU Anti Money Laundering Act adds a threshold for crypto payment providers to address the vulnerability of untraceable transactions
According to reports, an article issued by the European Parliament on anti money laundering rules for commercial encrypted payments has caused a sensation in the European digital asset industry. Policymakers hope to close the loophole of untraceable transactions by banning unregulated cryptopayment service providers operating in the EU from paying more than the 1000 euro ($1070) threshold. However, the industry is concerned that this increase may deviate from the regulatory path already outlined in the final bill, such as the upcoming implementation of crypto asset market and fund transfer regulation,…
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CryptoUK: The UK cryptocurrency white list needs to address the issue of debanking
According to reports, the lobbying group CryptoUK said in a letter to regulators on Tuesday that British banks should obtain a white list of registered encryption companies to avoid the industry being cut off by the financial system. Concerns that legitimate cryptocurrency companies will be eliminated from their banking operations have spread to the UK, where major banks have stated that they do not encourage access to riskier financial products for the benefit of their customers. Interpretation of this information: The cryptocurrency industry is getting more attention in the UK…
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US Senator Calls for Independent Investigation of the Federal Reserve: Both Efforts Failed
On March 20th, according to a report in the U.S. “Capitol Hill” on March 19th, U.S. Senator Elizabeth Warren of Massachusetts severely criticized Federal Reserve Chairman Powell’s regulatory failure in a television program, calling for an investigation of the Federal Reserve and the entire regulatory system. Warren stated in an interview that Powell should not lead the central banking system in the United States, as his work on both monetary policy and bank regulation has failed. Warren also said, ‘I don’t think he should raise interest rates. I have always…