German authorities have recently made a significant move by confiscating $28 million in cash and 13 crypto ATMs in a coordinated nationwide operation. This action, led by the Federal Financial Supervisory Authority (BaFin), aims to combat unlicensed activities within the rapidly expanding crypto market in the country. The operation, carried out in collaboration with law
Regulation
The Nigerian Federal Inland Revenue Service (FIRS) has recently announced plans to introduce legislation to tax the rapidly growing crypto sector in the country. This move is seen as a step towards driving economic growth and innovation, as well as modernizing Nigeria’s regulatory framework to incorporate new technologies that have previously been unaddressed by existing
During a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats expressed their unwavering support for the crypto industry. Schumer stressed the importance of regulatory clarity as a key factor in shaping the future of the industry. He emphasized the need for bipartisan collaboration in enacting common-sense regulations for crypto, highlighting his
The Pro-Bitcoin Democrat House Representative, Ro Khanna, recently expressed his optimism regarding the release of a crypto regulation roadmap by the Biden administration. He believes that positive statements and a clear roadmap towards reasonable regulation will be issued in the coming weeks. Khanna emphasizes that these new regulations will not only ensure compliance for companies
Gemini co-founder Tyler Winklevoss recently took to X to express his disapproval of Vice President Kamala Harris’ supposed “reset” of her crypto stance, labeling it as a “scam”. This critique follows Winklevoss’ previous criticism of Harris for skipping a roundtable discussion with crypto leaders. In his post, Winklevoss specifically pointed out the Federal Reserve’s enforcement
In an effort to support innovation and development in the digital asset sector, the Securities and Exchange Commission of Thailand (SEC Thailand) has rolled out a Digital Asset Regulatory Sandbox. This initiative provides a structured environment for businesses to test and enhance their services related to digital assets within a regulated framework. The Digital Asset
OKX CEO Star Xu has issued a warning to users regarding the potential risks of interacting with the sanctioned crypto mixer Tornado Cash. In a statement made on August 9 through the social media platform X, Xu highlighted that deposits from sanctioned entities such as Garantex and Tornado Cash, as well as withdrawals to these
The long-anticipated addition of options features to Bitcoin exchange-traded funds (ETFs) in the United States is likely to occur in the fourth quarter, according to Bloomberg ETF analyst James Seyffart. However, Seyffart also mentioned the possibility of this development taking place as early as the third quarter, with a final decision from the US Securities
After four years of legal battles with the US Securities and Exchange Commission (SEC), Ripple has finally been hit with a $125 million fine by the court. This news caused XRP’s price to surge by 18% within minutes of the announcement, reaching $0.61 at the time of reporting based on CryptoSlate data. District Judge Analisa
As a response to the increasing complexity of cybercriminal activities involving digital assets, the US Secret Service is set to receive enhanced investigative authority. The new bill introduced in the Senate by Senators Catherine Cortez Masto and Chuck Grassley aims to provide the Secret Service with the necessary tools to combat transnational cybercriminal activities effectively.
