regulation

Tether Blacklists 46 Million Tether in Ethereum Addresses

Tether Blacklists 46 Million Tether in Ethereum Addresses

Tether (USDT) blacklisted 39 Ethereum addresses worth USDT $46 million, with 24 assets totaling over USDT $5.5 million blacklisted this year. This announcement came as a result of the first blacklist of an Ethereum address owned by the Center, containing US $100,000. Philippe Castonguay, an Ethereum researcher at Horizon Games, used Dune Analytics to create […]

A Chinese official indicated that crypto will inevitably be part of the digital capital market.

China Needs to Reform the Crypto Laws, Former Official Says

Xiao Gang, former Chairman of the China Securities Regulatory Commission, said the country is facing a digital economic transition. So they need to follow the right rules for the fast-growing crypto-market. He spoke at the 19th Pushan Lecture of the China Finance 40 Forum, or CF40, which was held online on 7 July. Several officials addressed […]

FINMA wants to bring stricter AML rules for crypto transactions

FINMA Wants to Bring Stricter AML Rules for Crypto Transactions

The Swiss Financial Market Supervisory Authority (FINMA) suggests a plan to bring stricter anti-money laundering rules for crypto transactions. As per the proposal, crypto transactions of over 1,000 Swiss Francs will require client identification as opposed to the current limit of 5,000 francs. FINMA said the new limit is due to heightened money laundering risks […]

fca releases revised fee structure for crypto businesses in UK

UK’s FCA Revises Crypto Business Registration Fee

Following a series of consultative forums with the virtual assets community, UK’s Financial Conduct Authority (FCA) has recently revealed that its revising crypto businesses registration fee upwards. This regulator has henceforth rolled on two distinct registration fees for crypto-based businesses. According to reports, the registration fee structure has revised based on a round table meeting […]

UK High Court freezes $1million bitcoin in ransomware case

UK High Court Freezes $1M of Bitcoin in Ransomware Case

A UK High Court ordered a proprietary injunction on Bitcoin obtained through a ransomware attack on a Canadian Insurance Company. The proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject to a proprietary claim. The UK High Court releases documents concerning a ransomware attack on […]