Regulation
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Coinbase’s Class-Action Lawsuit Against Their One-Sided Policies
Coinbase, an exchange based in the US is being targeted in a class-action lawsuit due to their arbitration policies being ‘unenforceable’. A…
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Former Ethereum Developer Virgil Griffith Sentenced To 63 Months In Prison Over North Korea Conspiracy
Virgil Griffith, a programmer who worked extensively on the Ethereum blockchain development has been sentenced to 63 months in prison along with…
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Chinese Regulators Want To Curb The Wave Of NFTs
The Self-Regulatory organizations overseeing the banking and security industry within China are urging members to halt the adoption of NFTs. According to…
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‘Stablecoin Transparency Act’ Could Require Stablecoins To Be Backed By Dollars
Transparent backing of stablecoins may be the new standard. U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty…
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Indian Parliament Passes A 30% Crypto Tax Law
According to reports released on Friday, Indian Finance Minister Nirmala Sitharaman has introduced a capital gains tax of 30% on cryptocurrency transactions. …
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El Salvador Businesses Barely Impacted By Bitcoins Legality
It has been 6 months since Bitcoin was recognized as legal tender in El Salvador, the first country to legalize Bitcoin. Despite…
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Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister
Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. Zainul put…
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Crypto ATMs Banned In The UK Over Legal Concerns
The UK Financial Conduct Authority (FCA) has announced the banning of every crypto ATM in the country. Crypto ATMs in the UK…
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UAE To Exclude CBDCs And NFTs From Their Legislation
Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper…
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Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown
A statement made by Peoples Bank Of China (PBOC) iterated there are no plans to stop their crackdown on cryptocurrencies. A recent…