Regulations

California’s financial services regulator is issuing a desist and refrain order to embattled crypto lender Celsius Network for violating state laws. The Department of Financial Protection and Innovation of California (DFPI) is…

Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology.India’s Enforcement Directorate (ED) confirmed in an Aug.…

Two prominent US regulators are looking to add beefed-up crypto disclosure guidelines for private hedge funds. According to a recent press release, the US Securities and Exchange Commission (SEC), in conjunction with the Commodity…

The Commodity Futures Trading Commission (CFTC) is reportedly giving the green light for new financial products from the US subsidiary of Clear Markets, an international operator of derivatives trading platforms. According to Clear…

A popular crypto trader expects the government to crack down on the industry but not as quickly as some doomsayers believe. The pseudonymous crypto strategist Credible tells his 337,700 Twitter followers that he’s concerned by news…

Decentralized exchange (DEX) dYdX confirmed it had blocked customer accounts associated with Tornado Cash to comply with U.S. sanctions.dYdX has a compliance provider that helps flag addresses linked to illegal activities. At the instance…

South Korea’s Financial Services Commission (FSC) will hasten the process of reviewing the current bills on crypto regulation, South Korea’s Edaily reported on Aug. 11.FSC chairman Kim Joo-Hyun told South Korea’s National Assembly that the…

Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral.On August 8, issuers of USDC stablecoin Circle froze USDC tokens belonging to 38 wallet addresses…

A high-ranking BitMEX employee is pleading guilty to violating the US’s Banking Secrecy Act, the latest in a series of legal setbacks for the embattled crypto exchange. In his plea, Gregory Dwyer admitted to “willfully failing to…

US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on Aug. 10.The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) would likely issue…

The Securities and Exchange Commission (SEC) has sent a cease and desist letter to Bloom Protocol (BLT), asking it to register its tokens as securities or risk up to $31 million in fines.In the 18-page letter sent on Aug. 9, the SEC accused…

USD Coin (USDC) issuer Circle has blacklisted wallet addresses associated with popular crypto-mixing service Tornado Cash. On August 8th, the US government said it was banning Americans from using Tornado Cash, citing national…

A parliamentary group in the United Kingdom (UK) is planning an inquiry into the country’s crypto and digital assets industry. The bipartisan parliamentary group known as Crypto and Digital Assets All Party Parliamentary Group…

USDC stablecoin issuer Circle released a statement to clarify its stance after freezing all ETH addresses affected by the U.S. Treasury Department‘s sanction against Tornado Cash.In compliance with regulatory requirements following the ban,…

The Cyberspace Administration of China (CAC) issued a new warning about “illegal information, accounts and websites” promoting cryptocurrency on August 9.CAC on a mission to clean up cryptocurrency propagandaIn May 2021, authorities clamped…

Over 70,000 Ripple (XRP) holders have joined John Deaton’s class action lawsuit against the U.S. Securities and Exchange Commission (SEC).70,100 as of now. @GaryGensler & @SECEnfDirector over 70K #XRPHolders from diverse backgrounds…

U.S. Secretary of State Anthony Blinken warned that the administration would continue to “aggressively pursue” crypto mixers suspected of laundering illicit funds.We’ll continue to aggressively pursue actions against currency mixers…

Shapeshift CEO and founder Erik Voorhees recommended the MakerDAO community take precautionary measures after the U.S. Treasury sanctioned Tornado Cash.Specifically, Voorhees advised MakerDAO users to remove their USDC collateral and…

Circle’s USDC has “blacklisted” all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department’s sanction against the protocol.A Twitter bot named USDC Blacklist, which scrapes the blockchain for USDC blocklists,…

The U.S. Treasury Department has banned American citizens from using popular coin mixing service Tornado Cash as it says the protocol poses risks to national security. In a press release, the Treasury Department says its Office of…