Crypto Regulation

New York court rules against the distribution of Gram tokens outside the US

U.S. District Judge P. Kevin Castel, On April 1, replied to an inquiry filed by Telegram, said that the encrypted messaging platform will not distribute the tokens to participants in the 2018 initial coin offering (ICO) outside the United...

Brazilian crypto exchange XDEX shuts down, citing regulatory uncertainity.

The Brazilian crypto exchange, XDEX, is now officially closed. The exchange cited market crisis and a lack of clear regulations as reasons for its closure. Customers of the exchange are expected to withdraw all their funds in the next...

US hospital faces a ransomware attack during the global pandemic.

The British IT security firm Sophos tweeted that Ryuk’s ransomware had targeted a United States-based healthcare provider. Hospitals are already facing intense pressure due to the ongoing global pandemic as the number of COVID 19 positive continue to increase exponentially.    Ransomware operators...

Malta authorities crack down on unlicensed crypto companies.

The Financial Services Authority in Malta had warned two crypto companies COINMALEX and Crypto Foxtrades that claimed that they are registered and licensed in Malta, but according to MFSA, those claims are false. Malta authorities issued a warning to...

Singapore authorities provide license exemption to crypto companies for six months.

The Monetary Authority of Singapore has exempted a number of crypto companies from obtaining a license and operating for six months. Among the companies benefiting from this six-month exemption period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex.   Singapore authorities...

President of the Brazilian Banking Federation says cryptocurrencies are not actual currencies.

While speaking in a debate in regards to the impact of the digital revolution in the world of finance, President of the Brazilian banking Federation, Murilo Portugal, opined that cryptocurrencies are not actual currencies. Portugal made the argument that...

South Korea’s biggest bank plans to offer crypto custody services.

The largest bank of South Korea, KB Kookmin, is all set to start crypto custody services for leading cryptocurrencies including bitcoin and ether in the future. According to local news reports, the bank has filed a trademark application for...

Workplace harassment lawsuit against Justin Sun and Tron to be settled outside the court

The two former employees of the TRON Foundations had filed a lawsuit against the CEO Justin Sun and the company of providing a hostile work environment and an inherent nonchalance over following U.S. regulations. The allegations also included physical...

USA accuses Venezuelan President Nicolas Maduro of using cryptocurrency for Narco-Terrorism

US Attorney General William Barr announced a series of direct charges against President Nicolas Maduro and the main leaders of the Venezuelan regime, such as Padrino Lopez, Diosdado Cabello, Tareck El Aissami, among others offering a series of rewards...

Liberal Democratic Party of Japan urges government to consider issuing CBDC.

According to local news reports, policymakers for Japan's ruling Liberal Democratic Party put forward a proposal asking the government to prepare to issue a centralized digital currency. According to the report, lawmakers will be handing the proposal over to...

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Wall Street live updates: Dow Jones, S&P 500 show signs of recovery

The US benchmark indices opened low on Thursday and dipped almost 1%. However, this faded soon after as the...