SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery Records

SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery RecordsThe U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security. The SEC says that the “defendants do not actually seek relevant evidence, but rather seek to […]

US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital Assets

US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital AssetsThe U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill to ‘Ensure Collaboration Between Regulators and Private Sector’ on Cryptocurrency The U.S. House of […]

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

South Korean Government Seeks to Regulate International Remittances Related to Crypto 'Kimchi Premium'The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions. Remittances to Exploit Kimchi Premium Could Be Flagged as Money Laundering According […]

Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC

Biden Administration in 'Second Inning' of Developing Cryptocurrency Regulation — Treasury to Provide Direction to SECThe Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation. New Crypto Regulation Being Developed by Biden Administration Fox Business’ Charlie Gasparino reported Monday that the Biden administration […]

Ukrainian Parliament Passes Bill That Criminalizes People Who Don’t Reveal Crypto Holdings

Ukrainian Parliament Passes Bill That Criminalizes People Who Don't Reveal Their Crypto HoldingsThe Ukrainian parliament is enforcing its tough stance against people who don’t disclose their cryptocurrency holdings on the tax fillings. The measure comes in the wake of a recent publication that showed alleged mistakes in declarations from public servants. Offenders Could Spend up to Two Years in Jail According to an official document released by […]

Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Morgan Stanley Says Central Bank Digital Currencies Not a Threat to CryptocurrenciesMajor investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]