Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.
Regulations
Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says
Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world’s largest crypto exchanges.
Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License
Last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed.
A $300M Ponzi Scheme That Targeted Latinos Falsely Claimed to Buy Crypto, SEC Says
The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims.
Trump is Clear Favorite Among Crypto-Owning Voters in U.S. Presidential Race: Poll
U.S. presidential candidate Donald Trump is the prevailing favorite of voters who own cryptocurrencies, according to a poll commissioned by crypto investment firm Paradigm and released on Thursday.
Justice James Mellor’s Ruling on Craig Wright, COPA Trial, in His Own Words
The judge’s remarks, as shared by the U.K. Judicial Office.
Craig Wright Is Not Satoshi, Didn’t Author Bitcoin Whitepaper, Judge Rules
COPA took Wright to court to try and prevent him from suing developers and other members of the crypto community, claiming intellectual property rights over Bitcoin’s technology.
Hong Kong’s Markets Regulator Issues Warning Against Crypto Exchange Bybit
Hong Kong’s markets regulator identified Bybit as a suspicious cryptocurrency exchange and placed several of its products on its suspicious investment products list.
Hong Kong Starts New Phase of CBDC Testing
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The study was designed to look at the largely unexplored “intricacies” of user behavior and dynamics of decentralized finance lending, the authors said.