Regulation

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The U.S. Office of Foreign Assets Control (OFAC) has made it clear that it will keep imposing fines on cryptocurrency exchanges for alleged violations of the U.S. sanctions system. This time it was the turn of Kraken, one of the oldest crypto exchanges in the U.S. Who will be next? Kraken, a well-known American crypto exchange, agreed to pay a fine of more than $362,000 to the Treasury Department’s Office of Foreign Assets Control (OFAC) for “apparently” violating U.S....

Notre meetup de novembre 2022 est planifié pour le LUNDI 28 et il sera EXCEPTIONNEL ! Il se tiendra au MAD Coworking, 37 rue de Mons à Soignies (Belgique).L’an dernier, notre grande journée commune BECRYPTO – LE CERCLE DU COIN a été un franc succès ! C’est pourquoi nous rééditons l’exploit avec cette fois le thème « QUOI MA REGULATION ? » La cité médiévale sera donc le théâtre d’une journée entière consacrée à la thématique de la fiscalité...

On the heels of the Terra LUNA meltdown and the bankruptcy of FTX, authorities from South Korea are proposing new amendments to the Digital Assets Bill seeking greater control over cryptocurrency exchanges. Congressman Yoon Chang-Hyun is preparing an amendment to expand financial authorities’ control capabilities to prevent the repetition of events such as the FTX collapse. According to local media outlet News 1, Chang-Hyun is proposing to grant more authority to the...

Over the years, we’ve often discussed the implications of crypto regulation. The topic continues to be brought up as fraudulent activity within the crypto space grows at unprecedented rates. Why Regulation Is Always Talked About To this day, there are many out there that claim regulation is wrong for crypto. Despite the expansion of illicit activity, they don’t want regulation to take form as it could make the crypto space more like the traditional banking space, and the...

The cryptocurrency industry was built on top of one slogan: “don’t trust, verify.” But Grayscale is different from the rest of the cryptocurrency-related businesses. In a recent Twitter thread pondering the need for transparency in the industry after the collapse of FTX, Grayscale attempted to calm its investors’ fears, assuring them that the regulations that apply to its various entities make an FTX-like scenario nearly impossible. Grayscale Says: Funds Are Safe, Trust Us...

Martin Walker – a tech expert and finance director at the nonprofit Center for Evidence-Based Management – says the island of Bermuda is taking a huge chance by inviting so many digital currency exchanges and related businesses to set up shop within its borders. Martin Walker to Bermuda: Be Careful! Bermuda is one of the most crypto-friendly regions in the world. The area has virtually little to no regulation when it comes to crypto activity, meaning digital currency and...

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Indonesia plans to give its Financial Services Authority (OJK) the power to regulate cryptocurrency investments and market oversight.   The country’s Trade Ministry currently polices the digital asset industry in collaboration with the Commodity Futures Trading Regulatory Agency. However, Indonesia’s finance minister, Sri Mulyani Indrawati, said the country would transfer the authority to OJK to protect consumer interests.  Indonesia Concerned About Investors’ Assets ...

More than $3 billion in crypto funds have been stolen this year according to a new report issued by blockchain analysis firm Chainalysis. Chainalysis: Crypto Theft Has Reached a New High The crypto space is constantly in a rough spot. There are many people out there that are completely against any sort of regulation, as the crypto space was initially established to give traders and users complete financial independence. No prying eyes, no third parties, just people and...