DeFi developers seriously need to consider working with regulators on compliance issues if they want their projects to succeed.
Category: Ethereum News
Optimism fading? Regulatory discussion on stablecoins postponed until Fall
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic.
Tornado Cash community fund multisignature wallet disbands amid sanctions
The peer-elected signatories for Tornado Cash’s community fund have left the management of the wallet to the DAO.
Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation
Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery […]
Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges.
Crypto needs ‘enabling environment,’ Philippines central bank says
The Philippine central bank sees crypto’s potential for improving domestic and cross-border payments, but the authority is still negative about crypto as a legal tender.
Law Decoded, Aug. 8-15: In the eye of Tornado Cash
U.S. Treasury links the crypto mixer with $7 billion worth of laundered money.
Canadian regulatory council creates new preregistration filing for crypto platforms
The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process.
Binance obtains in-principle approval to operate in Kazakhstan
The major crypto exchange has secured regulatory approval in 2022 to operate as a digital asset service provider in France, Bahrain, Spain and Dubai.
Binance distances from WazirX as Indian regulators keep chasing crypto
The ownership of WazirX became a hot topic when CZ claimed the deal never went through. But three years later, there’s still no clarity.