Linus Financial Settles with SEC Over Unregistered Crypto Lending Product

Lawyers representing Debt Box in court challenging SEC's case based on misleading evidence.

Regulation

SEC Reaches Settlement with Linus Financial Over Unregistered Crypto Product

September 8, 2023

The SEC and Linus Financial settle over unregistered crypto product, highlighting the firm's cooperative measures and immediate rectification efforts.

Image depicting BitGo's achievement in obtaining in-principle MPI license approval in Singapore.

Regulation

Singapore Regulatory Sandbox Yet to House Qualified Crypto Payment Providers

September 8, 2023

MAS refutes claims of crypto-related scams, emphasizing fiat economy issues and clarifies the criteria for accessing Singapore's FAST system.

Illustration of Japan's flag merged with cryptocurrency symbols, representing the new tax reform on unrealized crypto profits.

Regulation

Japanese Regulator Proposes Eliminating “Unrealized Gains” Tax on Crypto

September 5, 2023

The FSA of Japan has proposed a significant change to the nation's crypto tax code, aiming to remove the annual ...

Ethereum symbol with financial graphs representing ETF and staking concepts

Regulation

Hong Kong Embraces the Future: HashKey’s Landmark Launch as First Licensed Retail Crypto Exchange

August 30, 2023

HashKey debuts as Hong Kong’s first licensed retail cryptocurrency exchange, marking a significant milestone for the Web3 industry in the ...

Illustration of Dave's acquisition of a $100M stake from FTX amid bankruptcy proceedings.

Regulation

DCG Strikes Landmark Deal with Genesis for Potential 90% Recoveries

August 29, 2023

DCG, a trailblazer in the crypto venture world, has outlined a potentially game-changing agreement with the creditors of its struggling ...

NFT

SEC Takes Action Against Impact Theory in Landmark NFT Securities Case

August 29, 2023

The SEC takes a landmark action against NFT issuer Impact Theory, charging them over unregistered securities offerings—a first for the ...

An Indian engineer becomes the latest victim of a cryptocurrency investment scam, losing over $114K.

Regulation

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

August 28, 2023

Indian PM Modi, during the G20 summit, underscores the significance of a global regulatory consensus on cryptocurrencies, amidst domestic regulatory ...

Xiao Yi During His Trial at Hangzhou Intermediate People’s Court

Regulation

China sentences former party official to life in prison for enabling crypto mining

August 24, 2023

China's Hangzhou Court sets a precedent by sentencing Xiao Yi faces life behind bars for misuse of authority in promoting ...

Regulation

New Zealand and Singapore Differ on Crypto Regulation: Cautious vs. Proactive

August 24, 2023

New Zealand takes a thoughtful step in crypto oversight, whereas Singapore establishes robust rules for stablecoins, showcasing divergent regulatory paths.