The Australian Minister for Financial Services said there was a “good argument” to treat crypto as financial products in an interview on Jan. 22.
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Month: January 2023
South Africa adds new cryptocurrency standards to advertising code
Cryptocurrency products and services feature in a new clause in South Africa’s code of advertising practice introduced by the Advertising Regulatory Board.
Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23
Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.
Europol reports $19.5M in crypto seized in enforcement action against Bitzlato
The operation conducted by authorities across Europe and the U.S. resulted in the arrest of 5 individuals linked to the exchange, including Bitzlato founder Anatoly […]
NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
“A VCE’s customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship,” said the NYDFS.
Bitcoin derivatives data shows room for BTC price to move higher this week
BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the potential of a brief pause […]
BTC metrics exit capitulation — 5 things to know in Bitcoin this week
Bitcoin retains higher levels after gaining 40% or more this month, but concerns of a BTC price correction are never far away.
Cathie Wood: Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%
Ark’s GBTC weight in the portfolio actually increased despite the fund selling 500,000 shares in the past month.
Terra lending protocol Mars to launch mainnet
The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during the two snapshots on Terra […]
Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.