Taiwan Crypto Regulation Gets Going With First Reading of Digital Asset Bill
The bill sets the groundwork for defining what a virtual asset is and how exchanges should operate in Taiwan.
crypto
U.S. Senate’s Banking Chairman Says Panel to ‘Crack Down’ on Crypto’s Terrorism Ties
U.S. Sen. Sherrod Brown (D-Ohio) has said the Senate Banking Committee will “crack down on the use of crypto to fund terrorism and evade sanctions” at a time when the U.S. must stand with both Ukraine and Israel as they fight back against Russian President Vladimir Putin and Iranian-backed terrorists like Hamas.
UK Bill for Seizing Illicit Crypto Finally Becomes Law
The bill lets law enforcement freeze crypto without a conviction, promising faster and more substantial seizures.
FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using Crypto
The FBI has charged six people for allegedly operating an illegal $30 million money-transmitting business using cryptocurrencies.
German Regulator Warns Consumers About MEXC’s Crypto Custody
The Federal Financial Supervisory Authority warned consumers that the MEXC exchange has been offering financial services without authorisation to do so.
Elon Musk’s Plan to Charge New X Users $1 May Not Deter Crypto Bots
Crypto watchers say solving the bot problem extends beyond just charging users for the X service.
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.
Israel War Prompts Crypto Firms Including Fireblocks, MarketAcross to Start Aid Fund
The organization will host a multi-signature wallet to collect donations in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity
Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.