South Korea fines Worldcoin for violating personal protection laws

Despite the regulatory hurdles, the projects WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.

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Atomic Wallet Prevails in $100 Million Hack Lawsuit Dismissal

Atomic Wallet has won a dismissal in a $100 million class-action lawsuit related to a hack, citing lack of jurisdiction over the Estonia-based company. (Read More)

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UAE regulators to allow Dubai-licensed VASPs to service entire country

The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training. 

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Crypto advocates file brief against SEC's investor tracking database

The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.

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SEC Commissioner Mark Uyeda calls agencys approach to crypto filings problematic

Tucked away in a footnote as part of a recent statement, the SEC commissioner said his agencys current approach to crypto does not aid capital formation or protect investors.

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Singapore ups crypto exchanges risk factor in update to AML/CFT laws

The update aims to prevent terrorist groups and organizations from exploiting Singapores economic openness as an international financial, business and transport hub.

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NY Attorney General sues crypto trader NovaTech, claims $1B fraud

Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.

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UK tribunal starts hearing $9B BSV delisting case

According to plaintiffs, the six exchanges, which delisted Bitcoin SV in 2019, owe BSV holders $9 billion for missed opportunities.

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Vanuatu Finally Approves its Long-awaited Crypto Regulations, which Introduce Stricter Rules

The island nation of Vanuatu has enacted new laws that regulate the cryptocurrency industry on the island, introducing licensing standards for local crypto businesses. These crypto regulations are described as ‘strict’ in nature and are designed to prevent those who could use smaller countries as a ‘shophouse’ for fraudulent activities. The Vanuatu Financial Services Commission […]

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US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto

The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House [...]

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Montana Blasts SEC Regulatory Power Grab in Krakens Case: Crypto Assets Are Not Automatically Securities

Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s expansive concept of “investment contract” might preempt state legislation. Montana and Seven [...]

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SEC Asks Judge to Fine Ripple $2 Billion in XRP Case Ripple CEO Says There Is Absolutely No Precedent for This

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants [...]

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EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse [...]

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Spanish Court Upholds Privacy Watchdogs Decision to Halt Worldcoin Activities

The Audiencia Nacional (National Hearing), a Spanish special tribunal, has maintained the measures that the AEPD, the private data watchdog in the country, has taken against Worldcoin. The court determined that the defense of the general interest of protecting the people’s data must prevail over the company’s economic interest. Spanish Audiencia Maintains Suspension of Worldcoin [...]

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Dubai International Financial Centre Enacts Digital Assets Law

The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account [...]

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Argentine Senate Passes Reform Creating Cryptocurrency Entities Registry

The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. Argentine Senate Passes Crypto Anti-Money [...]

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Russia Regulates Use of Digital Assets for International Settlements

Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for international settlements, a use case not contemplated in any law, appointing the Central Bank of Russia as the overseer of these transactions. Russia [...]

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Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’

Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, argues a commissioner at the U.S. Securities and Exchange Commission. On June 29, Commissioner Hester Peirce — dubbed “Crypto Mom” — appeared remotely at Australian Blockchain Week and was asked how she would regulate crypto, answering: [...]

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Crypto bills pass congressional committee in ‘huge win’ for US crypto

A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for cryptocurrencies, that will reduce regulatory red tape for crypto and set clearer rules for the industry. On July 26, the majority of U.S. lawmakers voted in favor of the Financial Innovation and Technology [...]

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Singaporean Judge Declares Crypto Is Personal Property In ByBit Case

In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court reasoned.  Genesis Of The Case Judge Philip Jeyaretnam made this declaration in a case that [...]

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