Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member [...]

The post Crypto travel rule implementation ‘remains relatively poor,’ says FATF appeared first on Crypto Breaking News.

View Details

Terraform Labs CEO Asks for Dismissal of SEC Charges

Do Kwon, CEO of Terraform Labs, has requested the dismissal of charges filed by the SEC, arguing that the claims are invalid and that the agency lacked proper jurisdiction. Kwon's counsel stated that Terra's tokens and projects were not specifically targeted at U.S. investors. The South Korean district court previously dismissed security violation charges against the co-founder of Terraform Labs, Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act. (Read More)

View Details

Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case

Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from using federal securities law to assert jurisdiction over the digital assets [...]

The post Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case appeared first on Crypto Breaking News.

View Details

Crypto Lawyers Dispute SEC Chief's Jurisdiction Claims

Lawyers for the cryptocurrency industry have challenged recent comments made by the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, in which he claimed that all cryptocurrencies except Bitcoin fall under the agency's jurisdiction. The lawyers argue that the SEC must prove its case in court for each token individually before it can claim jurisdiction over them. (Read More)

View Details

Aussies revealed as prime targets of Israel crypto scam syndicate

Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.

View Details

FTX Denies Distributions to Customers from 163 Jurisdictions Find Out If Youre Eligible

FTX to Refund Users in Excluded Regions with Token Distributions Cryptocurrency exchange FTX has announced that it will be providing refunds to users in jurisdictions where they are currently unable to operate. The refunds will be distributed in the form of tokens, allowing affected users to still benefit from the platform’s offerings. This decision comes [...]

The post FTX Denies Distributions to Customers from 163 Jurisdictions – Find Out If You’re Eligible appeared first on Crypto Breaking News.

View Details

Can you recover stolen Bitcoin from crypto scams?

The process of recovering stolen Bitcoin (BTC) from cryptocurrency scams is difficult and complex. The prevalence of cryptocurrencies has led to an increase in scams and other fraudulent practices that prey on the gullible. Numerous people have suffered significant financial losses as a result of falling for different crypto scams, such as phishing, rug pulls [...]

The post Can you recover stolen Bitcoin from crypto scams? appeared first on Crypto Breaking News.

View Details

Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. [...]

The post Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future appeared first on Crypto Breaking News.

View Details