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EU Citizens Play in the Sandbox: 20 New Use Cases for EU Blockchain

EU Citizens Play in the Sandbox: 20 New Use Cases for EU Blockchain

The European Blockchain Sandbox, a platform encouraging dialogue between regulators and blockchain developers, has seen a tidal wave of interest, with close to 90 applications from the international blockchain community for its first set of data, building “critical bridges between regulators and use-cases owners.” The blockchain initiative Sandbox Project, sponsored by the Digital Europe Programme, […]
Binance Australia Under Fire Again as Offices Searched

Binance Australia Under Fire Again as Offices Searched

The global regulatory landscape is tightening around Binance, the world’s leading cryptocurrency exchange. In a recent development, the Australian Securities and Investments Commission (ASIC) conducted searches at Binance’s Australian offices to focus on the company’s discontinued local derivatives operation, according to a report from Bloomberg citing a private source. During a recent Twitter Spaces, Binance’s […]
Spot Bitcoin ETF Race Continues as Valkyrie Files with Coinbase

Spot Bitcoin ETF Race Continues as Valkyrie Files with Coinbase

Valkyrie Funds, a venture capital fund, has joined the increasing ranks of companies striving to launch a spot Bitcoin ETF, marking a significant development in the crypto space. The firm is setting its sights on an ambitious partnership with Coinbase, a leading cryptocurrency exchange, as part of its strategic plans. Valkyrie revealed its proposal for […]
Crypto Advertisements Soon to Have Major Restrictions in UK

Crypto Advertisements Soon to Have Major Restrictions in UK

The UK Government has expanded the scope of the financial promotion regime to incorporate specific crypto assets. This new regulation, which comes into effect on October 8, 2023, mandates all firms, irrespective of their geographical location, to comply with the regime if they are marketing crypto assets to UK consumers: The financial promotion regime is […]
Singapore’s DBS Bank Launches Digital Yuan Payment Solution in China

Singapore’s DBS Bank Launches Digital Yuan Payment Solution in China

DBS Bank, a leading Singaporean bank in China, has launched a digital yuan merchant collection solution, marking DBS’s first client transaction with China’s digital yuan. This solution allows DBS’s corporate clientele in China to process payments in digital yuan, the central bank digital currency of the country, automatically depositing digital yuan into their respective accounts. […]
Reserve Bank of India Explores Cross-Border Payments with Digital Rupee

Reserve Bank of India Explores Cross-Border Payments with Digital Rupee

The Reserve Bank of India (RBI) is actively exploring the potential of its digital currency, the digital rupee, for cross-border transactions. The RBI is in discussions with central banks from approximately 18 nations, according to a recent report by the Economic Times. RBI Governor, Shaktikanta Das, has emphasized the importance of foreign trade infrastructure for […]
Bankrupt Voyager Digital’s Creditors Racks Up $5.1M in Legal Fees

Bankrupt Voyager Digital’s Creditors Racks Up $5.1M in Legal Fees

The creditors of the bankrupt crypto firm, Voyager Digital, face a $5.1 million bill. The New York law firm McDermott Will & Emery is seeking compensation for legal services provided from March 1 to May 13, 2023, according to a filing on July 3. The substantial invoice was charged to the “Official Committee of Unsecured […]
FTX Files Lawsuit Against Ex-Compliance Chief Dan Friedberg

FTX Files Lawsuit Against Ex-Compliance Chief Dan Friedberg

FTX, a bankrupt crypto exchange, has filed a lawsuit against its former chief compliance/regulatory officer, Dan Friedberg, after his alleged conflicts of interest involving Sullivan & Cromwell (S&C) and Ryne Miller, FTX’s ex-U.S. General Counsel. Friedberg claimed S&C exploited Chapter 11 insolvency proceedings to secure high service fees from FTX, leading to over $40 million […]
P2P Transactions Could be Banned in Belarus

P2P Transactions Could be Banned in Belarus

In a bid to clamp down on criminal activities, Belarus is creating legislation aimed at prohibiting peer-to-peer (P2P) cryptocurrency transactions, stating that “the Ministry of Internal Affairs is working on legislative innovations, prohibiting cryptocurrency exchange transactions between individuals” in a social media post from Belarus’ Ministry of Internal Affairs. Aleksandr Ringevich, the deputy head of […]
Bittrex Accuses SEC of Failing, Again, to Define Securities

Bittrex Accuses SEC of Failing, Again, to Define Securities

Bittrex, a bankrupt cryptocurrency exchange, is contesting the U.S. Securities and Exchange Commission’s (SEC) authority to regulate its operations through securities violations. This dispute, if won, could limit the SEC’s power to oversee cryptocurrency exchanges and other digital asset businesses. The first line of the motion read: “After a six-year investigation during which the Securities […]