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FTX bankruptcy faces new hurdles as SEC flags repayment concerns

The US Securities and Exchange Commission (SEC) has issued a filing expressing concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which includes repaying creditors through stablecoins or other digital assets, has prompted the SEC to reserve the right to challenge these transactions under federal securities laws. дальше »

2024-9-3 02:47


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El Salvador’s Bukele proposes new crypto regulations to enhance Bitcoin transaction safety

El Salvador’s President Nayib Bukele has unveiled a proposal to amend the Digital Assets Emission Law, a key piece of legislation enacted last year. This new initiative announced through the Ministry of Economy, aims to enhance the country’s cryptocurrency framework by expanding the role of the National Digital Assets Commission (CNAD). The proposed changes are […] дальше »

2024-8-29 22:29


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Russia proposes allowing traditional exchanges to handle crypto trading

Russia’s Ministry of Finance has proposed allowing traditional exchanges to handle digital asset trading for select investors, Interfax reported on July 10. A government draft response to two pieces of regulation outlines the possibility of creating special regulations for “conducting organized trading in digital currency, recognized as a commodity, on the basis of an exchange […] The post Russia proposes allowing traditional exchanges to handle crypto trading appeared first on CryptoSlate. дальше »

2024-7-16 00:30


US Lawmaker Brad Sherman Express Worries About FIT21 Crypto Bill’s Approach

The cryptocurrency industry has witnessed a monumental development, following a vote to pass the Financial Innovation and Technology for the 21st Century Act (FIT21) Crypto bill. However, United States Congressman Brad Sherman has voiced concerns regarding the proposed bill, which aims to establish a comprehensive regulatory framework for these digital assets. The pro-crypto bill was […] дальше »

2024-5-23 13:37


Taiwan Sets Sights On Crypto Firms With Tough New Jail Time Laws

Taiwan’s Ministry of Justice has proposed amendments to enhance anti-money laundering (AML) measures within the crypto industry. If enacted, the new proposals will mark a substantial shift from the current regime, in which digital currency firms’ non-compliance is met with administrative penalties, to a stricter legal framework that includes criminal penalties for serious breaches. Related […] дальше »

2024-5-10 21:00


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Dragonfly Wins The G20 Techsprint 2022 Through Its Proposed Solution For Global CBDC

Dragonfly Fintech, a blockchain-powered fintech solution, was recently announced as the winner of the G20 TechSprint competition organized to develop central bank digital currency (CBDC). The announcement was made last week by the Bank of International Settlements (BIS) Innovation Hub and the Bank of Indonesia in a live awarding ceremony in Jakarta. Dragonfly won the […] дальше »

2022-10-20 12:14


Galaxy Digital Back Pedal On $1.2 Billion Deal For BitGo Acquisition, BitGo To Seek $100 Million In Damages

Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of Palo Alto, California-based BitGo by digital asset investment firm Galaxy Digital has been canceled, ending one of the biggest acquisitions in cryptocurrency history. In […] дальше »

2022-8-16 21:44