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Legal & Regulation

UK FCA Bans Crypto Derivatives & ETN Sale to Retail Consumers Starting January 6th, 2021

US House Lawmakers Pass Two Key Blockchain Legislation; Bills Headed To Senate

New Zealand Tax Authority Tells Crypto Firms to Disclose Traders Personal Info & Transaction History

US Authorities Arrest A Women in Murder-for-Hire; Paid $5k In Bitcoin to Scammer

SEC Takes a ‘Big Step Forward’ Regarding Broker-Dealers Trading Digital Asset Securities

Israeli Draft Bill Proposes Bitcoin be Defined as Currency to Cut Down the Hefty Capital Gain Tax

Russia’s Ministry of Finance Tells Traders to Disclose Crypto Wallets Or Face Fines And Jail

China Blacklists Crypto OTC Trading Desks With A Five-Year Banking Ban As Punishment For Illegal Acts

US FinCEN Set to Upgrade AML Guidelines in Wake of Evolving Illicit Financial Crimes

EU’s Draft Regulation to Fragment the Crypto Market with Special Focus on ‘Subset’ Stablecoins

SEC Charges eSports Platform, Unikrn, A $6.1M Penalty For An Unregistered ICO; Hester Peirce Dissents

Indian Government Looks to Ban Cryptocurrency Trading With New Law

US Bank Regulators to Roll Out Uniform Rules for Crypto & FinTech Firms; Streamlining Licensing

Nigeria to Regulate Cryptocurrency Trading; SEC Says Digital Assets Are Securities

FATF Releases Red Flag indicators To Identify Money Laundering Using Crypto

SEC Charges Rapper T.I. & Four Others for Promoting Fraudulent ICO, FLiK

US Congress Adds Two Blockchain Proposals to the Consumer Protection Safety Act

Switzerland Passes Blockchain Legislation Unanimously; Will Take Effect Early 2021

OFAC Blacklists Three Russians’ Crypto Addresses Linked to 2016 US Presidential Election

Russia’s New Amendment On Crypto Laws Could See Bitcoin Miners Lose All Their Rewards

OCC Needs to Provide Regulation Clarity to Protect Users and Businesses: Senate Banking Committee

US Department of Justice Working on Seizing 280 Crypto Accounts

FCA Proposes UK Crypto Exchanges And Wallets Share Money Laundering Data With Regulator

Hong Kong Regulator to Grant Fidelity-backed OSL Digital the First Crypto Exchange License

Hawaii Rolls Out Its Two-Year Regulatory Sandbox; 12 Crypto Businesses and Exchanges Selected

The US Seizes $2M in its Largest-Ever Move Against Militant Group’s Crypto Fundraising Effort

Germany’s Financial Authorities Introduce A Draft Bill On Blockchain Based Securities

Liechtenstein’s Regulator Declines Binance Applications As Major Shareholder In Bank

U.S Banks and Big Tech Ask the OCC for More Clarification to Issue Crypto Services

How Will Crypto Cope In Regulation-Friendly State Belarus After Lukashenko’s Protested Presidential Win?

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Florida Teenager Behind the Infamous Crypto Twitter Hack Pleads Not Guilty to 30 Counts of Fraud

$100 Million ICO Founders Vanish, Plaintiffs Look To Serve Status Network Execs On Twitter

SEC Seeks ‘DLT Smart Contract Analysis Tool’ As DeFi Becomes A Key Focus Point On Compliance

4 US Congressmen Send IRS Guidelines On Taxing Proof-Of-Stake (PoS) Network Rewards

New Law Bans Anonymous Wallet Deposits To Curb Illicit Activities in Russia; Must KYC

US Prosecutors File a Forfeiture Lawsuit Against the Banana.Fund’s $6.5M Crypto Ponzi Scheme

Teenage Mastermind Behind the Twitter Hack Owns $3.39 Million in Bitcoin (300 BTC); Bail Set At $725k

Florida Teenager, the ‘Mastermind’ Behind Twitter ‘Bit-Con’ Hack, Arrested

Putin Approves Cryptocurrency Bill, Stopping Russians From Using Bitcoin for Payments

NY Court Orders Longfin to Pay $223M to Investors After Blockchain Pivot Turns Securities Fraud

Australia’s NSW Treasury Department Pushes for Advanced Blockchain Regulatory Framework

Russia Legalizes Cryptocurrencies for Savings and Speculation But Bans Use as Payment

US Regulator, OCC, Authorizes National Banks and Federal Saving Institutions as Crypto Custodians

China’s Supreme People’s Court Releases Guidelines On Protection Of Digital Assets As Property

Singapore’s Financial Regulator, MAS, Wants More Power to Push Stringent Rules For Crypto

South Korea to Implement 20% Income Tax on Crypto Gains After Finalizing on New Tax Code

International Banks Reportedly Enhance Due Diligence in Hong Kong Following New Security Law

HM Treasury to Establish Regulatory ‘Gateway’ For Cryptocurrency Promotions

Canadian Exchange Coinsquare Accused of ‘Wash Trading’ by Ontario Securities Commission

Canadian Tech Startup Sues ConsenSys For Stealing Payment Coding; Lawsuit is Fabricated

Feedback Has Been ‘Beyond Positive’ Towards NYDFS BitLicense Changes; ‘We Want Innovators Here’

Hong Kong Passes Limited Partnership Funds (LPF) Bill Including Investment in Digital Assets

G20 Set to Accept Digital Currencies; Green Lights Policy Changes for Regulatory Framework

U.S Senate Sanctions Following the Hong Kong Security Law Could Affect Crypto Brokerages

CFTC Chair Is Ready to List More Crypto Based Futures; Just Waiting on SEC’s Clearance

Currency.com Obtains DLT License From Gibraltar Financial Watchdog for Tokenized Exchange

Germany Vows To Fight Money Laundering And Terrorism Financing As New FATF President

IRS Criminal Investigation Division Wants to Track Privacy Coins, Layer-2, and Sidechains

US Court Tosses Appeal in Child Exploitation Case; Accessing Coinbase Account Didn’t Violate Fourth Amendment Rights

Russian Court Denies Appeal for $900K Compensation for Stolen Bitcoin; It’s Not Property

Philippines SEC Warns Against ‘Decentralized’ Multi-Level Marketing Scheme, Forsage

Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action

US Congress Banking Committee Discusses The Development Of Digital Money and Payments Systems

Regulators Easing the Restrictions on Banks Set in the Aftermath of Great Recession

European Union Economic Council Aims to Introduce ‘Tougher’ Laws On ‘Global’ Stablecoins

NYDFS To Ease Bitlicense Approval Process as the Crypto Regulation Turns Five

Financial Conduct Authority (FCA) Calls For Crypto Businesses to Be Registered by June 30th

US Pres. Donald Trump Wanted to ‘Go After Bitcoin’ Long Before His Twitter Rant on Crypto

South Korea’s Financial Authorities to Include Cryptocurrencies in New Taxation Framework

Centra Tech Co-Founder Duped Investors for $25M via DJ Khaled & Floyd Mayweather Promoted ICO

U.S Federal Government Subsidiary Releases A $255k Funding For “Crypto Dollar” Development

Estonia Revokes License of Over 500 Crypto Companies to Curb Money Laundering

Police Freeze Chinese Crypto OTC Traders’ Accounts; Digital Assets Tied to Laundered Money

Counting Down the Final Days for Crypto Exchanges and Wallets to Set in Motion FATF’s Travel Rule

EU’s Law Enforcement Agency, Europol, Targets Bitcoin Privacy Tool Wasabi Wallet

Kyrgyzstan Lawmakers Mulling Over Taxing and Regulating Cryptocurrency Mining

US Federal Bank Regulator (OCC) Issues Notice for Feedback on Crypto and DLT Activity

Iranian Official: Central Bank Should be In Charge of Crypto’s; ‘Take Bitcoin Seriously’

Japanese Finance Minister Doesn’t Want to Put Crypto’s in Same Tax Class as Stocks; Lowering the Rate to 20%

Canada Regulates Crypto Exchanges & Companies as Money Service Providers

Russia to Prohibit Crypto Circulation, Mining, and Ads Under New Draft Law For Digital Assets

Swiss Financial Regulator, FINMA, Licenses Local Bank To Carry Out The Crypto Transactions

South Korea is Proposing A Tax on Profits From Crypto-Fiat Transactions

JP Morgan Chase Set to Pay $2.5 Million in Crypto Class-Action Lawsuit for Overcharging

Louisiana Senate Proposes Virtual Currency Businesses Act; Crypto Companies Would Need to Register

Albania’s Parliament Approves ‘Comprehensive’ Crypto Bill into Law, Joining France and Malta

US House Rep. Member Launches Bill to Promote National Advancement Of Blockchain Tech

Iranian Parliament Proposes to Regulate Cryptocurrencies Under ‘Currency Smuggling’ Laws

Vietnam Ministry of Finance Forms Research Group To Develop Digital Currency Policies

Massive Adoption Crypto Conference Organizer Faces Lawsuit For Not Refunding Canceled Event

New Messaging Standard Pushes Crypto Industry Closer to FATF ‘Travel Rule’ Compliance

OneCoin Plaintiffs Succeed in Reopening the Class-Action Against the Ponzi Scam

PBoC’s Fintech Innovation Regulations Pilot Program Extends to Six More Districts

Kentucky’s Governor Approves Blockchain Working Group Bill to Explore Use In Security of Critical Infrastructure

EU Parliamentary Report on Crypto Oversight Suggests Stricter Measures than 5AMLD

Coinhouse Becomes First Crypto Trading Firm To Obtain Crypto License From French Authorities

Top 11 Crypto Companies Face NY Class Action Lawsuit for ‘Unlawful Selling Of Securities’

Singapore Exempts Binance, Coinbase, Gemini, and Ripple From its Current PSA Crypto Act

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