Decentral Block Post

“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC.

India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets.

“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.

Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium.

From accusing the SEC of suppressing Bitcoin to suggesting alternatives, the community showed varied responses to Grayscale’s legal challenge against the SEC.

MAS said that the company had assets under management in excess of the permitted amount, and provided false information.

Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda.

Coinbase is already licensed to trade cryptocurrencies in the United Kingdom, Ireland and Germany.

A finance officer believes it is necessary to sell the mined assets abroad to avoid the adoption of crypto in internal payments.

The NFT marketplace noted that it has reported the incident to law enforcement officials and that an inquiry is underway.

A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange-traded product (ETP) citing the same reasons.

“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun.

The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024.

The crypto-positive financial services company looked at Bitcoin prices at intervals following regulatory events and found clear evidence of the events’ effects.

With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run?

The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan.

“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP.

Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state.