Crypto Regulations News

FTX Recovery Trust Cautions That Legal Barriers May Prevent Disbursement of Funds to Users In China and Russia

The FTX Recovery Trust has issued a formal motion to the court seeking approval to adopt new procedures. They aim at facilitating the distribution...

AEX Founder Granted Bail in Thailand Amid Ongoing Refusal to Return User Funds After Crypto Exchange Crash

Huang Tianwei, founder of the defunct cryptocurrency exchange AEX (also known as Bit Times), has been granted bail in Thailand following his arrest related...

Chinese Giants JD.com And Ant Group Push For Hong Kong–Issued Yuan Stablecoins

Alibaba's fintech division Ant Group and e-commerce giant JD.com are urging the People's Bank of China to authorise offshore yuan stablecoins.  According to Reuters last...

New York Law Firm Pomerantz LLP Initiates Class Action Lawsuit Targeting Michael Saylor’s Micro Strategy, Here’s Why

Pomerantz LLP, a prominent New York-based law firm, has launched a class action lawsuit targeting Michael Saylor-led Strategy, formerly known as MicroStrategy.  The legal complaint...

Swiss Crypto Bank AMINA Becomes First Bank To Launch Support For Ripple’s RLUSD Stablecoin

AMINA Bank AG, a FINMA‑regulated crypto bank based in Switzerland, today became the first global bank to offer direct support for Ripple USD (RLUSD).  Clients...

SEC Halts Grayscale’s Digital Fund ETF Conversion Just One Day After Approval, Here’s All

In a surprising reversal, the U.S. Securities and Exchange Commission (SEC) has halted the approval of Grayscale’s Digital Large Cap Fund (GDLC) conversion into...

Bybit And OKX Launch Fully Regulated Crypto Exchanges In Europe Under MiCA

On 2nd June, European regulators granted two major crypto platforms full licences this week, ushering in a new era of compliance and growth....

Binance Maintains Remote Workforce Presence in Singapore Amid Ongoing Regulatory Pressures on Crypto Licensing

Binance, one of the world’s largest cryptocurrency exchanges, will continue to maintain a significant remote workforce in Singapore, even as the city-state tightens regulatory...

New York AG Letitia James Urges Stronger Investor Protections In STABLE And GENIUS Acts

New York Attorney General Letitia James has called on Congress to tighten two key stablecoin bills, saying they leave investors exposed.  In a letter sent...

US Treasury Sanctions Crypto Wallet Containing $350,000 Linked To Alleged Aeza Group Cybercrime

The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC), has imposed sanctions on Russia-based Aeza Group. Aeza Group is a...
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Greenidge, N.Y. Bitcoin-Mining Site Catches Fire, Operations Temporarily Halted After Electrical Switchgear Failure

A major US Bitcoin miner, Greenidge Generation Holdings, reported...

China’s Social Media Platforms And Marketplaces Get Flooded With Crypto Recruitment Links That Target Young Users

Social platforms popular with younger users, including Xiaohongshu, Taobao,...

Terminal Finance Discontinues Terminal Project After Converge Chain Fails To Launch

Terminal Finance said on X(Twitter) it won't be launching...

Kalshi Faces Class Action Lawsuit Over Alleged Unlicensed Sports Betting And Deceptive Practices

A group of clients has sued Kalshi Inc., alleging...