UK Crypto, Stablecoin Laws Approved by Parliament’s Upper House
The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment.
EU Legislation for Digital Euro Is Put on Hold: Source
A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed
Crypto Investment Products Witness 9th Straight Week of Outflows: CoinShares
Altcoins witnessed inflows totalling $2.4 million, according to the report.
Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation
Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year..
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.
UK Financial Watchdog Cancels Binance Permissions on Firm’s Request
U.K.’s Financial Conduct Authority said Binance’s local unit is no longer authorized to provide any regulated services in the country.
Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore
Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.
CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress
The Commodity Futures Trading Commission will decide on June 26 whether to start a formal 90-day review of prediction market provider KalshiEX’s contract that allows users to bet on which party takes control of the U.S. Congress.
Crypto Detective ZachXBT Faces Defamation Lawsuit
MachiBigBrother has sued ZachXBT for an investigation the latter published in June 2022 alleging the trader stole tens of millions of dollars worth of crypto.
BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say
Exchange Traded Fund (ETF) terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions.