The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.
Category: Regulation News
US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties
The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software […]
UK crypto hodlers get a call from the tax grinch
HMRC has issued a stark warning to crypto, NFT and utility token holders that they must pay their taxes on time or face the consequences.
Zipmex proposes to pay creditors 3 cents per dollar
The proposal came as a part of a restructuring offer from the embattled Thai crypto exchange, which owes its customers $97 million.
Binance operating without license in Philippines, regulator says
According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 in penalties.
‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts
The SEC’s delays on two spot Bitcoin ETFs could mean it’s lining up to approve all pending applications in one swoop, say analysts.
Coinbase warns customers about subpoena in apparent CFTC Bybit probe
Cryptocurrency exchange Bybit restricts use in the United States, although it may be possible to get around it.
Jump Crypto filed docs confidentially in SEC v. Terraform Labs case
The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits.
Judge signs off on $1.65B settlement between Voyager Digital and FTC
The settlement between the crypto lending firm and the FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case […]
Fireblocks launches trading system to mitigate centralized exchange risk
The “Off Exchange” trading system was launched by Fireblocks, allowing institutions to trade without fully relinquishing custody.