New York Attorney General Seeks New Crypto Powers for State Regulators
The bill follows legal suits pursued by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.
Regulations
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency
The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.
North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State
The U.S. state’s House of Representatives voted 118-0 to pass an amended version of a bill that initially sought to ban crypto payments.
Nigeria Approves National Policy to Create ‘Blockchain-Powered’ Economy
The policy announcement makes no mention of crypto, which the government cracked down on in 2021.
Celsius Founder Mashinsky Denies ‘Baseless’ Fraud Claims From New York State
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.
Allow Influencers to Promote Registered Crypto Firms, French Senators Say
Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions
UK Set to Ban Cold Calls Selling Financial Products, Including Crypto
The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022.
3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator
The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.