Crypto Lender BlockFi Ordered to Withdraw Unapproved Reorganization Plan Shared ‘Prematurely’
The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court.
Policy
UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.
U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M
An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday.
Coinbase Praises Canada’s Crypto Approach as U.S. Regulatory Pressure Intensifies
Canadian regulators are providing more clarity than their U.S. counterparts. (Chris Robert/Unsplash)
Ripple Starts Platform for Central Banks to Issue Their CBDCs
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority’s e-HKD pilot.
Indian Authorities Asked to Restore Crypto Exchanges’ Access to UPI
India’s government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.
China’s Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off
The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.
G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week
Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.
SEC Seeks to Slash $22M Fine on Crypto Firm LBRY to $111K
A U.S. judge ruled in November that the crypto startup had violated securities laws by selling its native LBC token without registering with the SEC.