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The U.S. government has been accused of waging a secret war against the cryptocurrency industry, with some fearing that it could destroy all value of bitcoin, ethereum and other major cryptocurrencies. A leaked memo circulated to Democrat House financial services committee members has revealed the “key messages” lawmakers were told to stick to that could…

Binance, the world’s largest cryptocurrency exchange by trading volume, has recently expressed its preference for the UK over the US as a destination for crypto regulation. The exchange, which has faced regulatory scrutiny and challenges in several countries, including Japan, Germany and the US, has said that it sees the UK as a more favourable…

Bittrex, one of the oldest and most popular crypto exchanges in the US, has filed for bankruptcy protection after being sued by the SEC for operating an unregistered securities exchange. The move has shocked the crypto community and raised questions about the future of crypto regulation and innovation in the US. Here are some key…

Mastercard, one of the leading global payments firms, has announced a new program to establish common standards and infrastructure for blockchain and Web3 ecosystems. The program, called Mastercard Crypto Credential, aims to enhance trust, compliance and verification among consumers and businesses using blockchain networks. What is Mastercard Crypto Credential?Mastercard Crypto Credential is a set of…

Hong Kong is taking steps to become a leading cryptocurrency center by encouraging banks to provide services to licensed virtual-asset firms. This move contrasts with the growing skepticism and regulation of the digital-asset sector in other parts of the world, especially in the US. According to a statement issued by the Hong Kong Monetary Authority…

Coinbase, the largest cryptocurrency exchange in the U.S., has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking to force the regulator to respond to its petition for clearer crypto regulations. The petition, which was submitted in July 2022, asked the SEC to propose and adopt rules for digital asset securities, and to…

Binance.US, the U.S. affiliate of the global cryptocurrency exchange Binance, has backed out of its $1.3 billion deal to buy the assets of Voyager Digital, a Canadian crypto broker that filed for bankruptcy in July 2021. The deal, which was announced in September 2021, was supposed to close by the end of March 2023, but…

In a landmark ruling, a Hong Kong court has recognized cryptocurrencies as property that can be held in trust. The decision was made in a case involving the defunct crypto exchange Gatecoin, which collapsed in 2019. Gatecoin was ordered to cease operations and undergo liquidation after losing money in a dispute with a payment service…

The European Union has taken a major step towards regulating the crypto industry by approving two new laws that aim to ensure consumer protection, market integrity and financial stability. The European Parliament voted in favor of the Markets in Crypto Assets (MiCA) regulation and the Transfer of Funds regulation on Thursday, April 20, 2023. The…

The U.K. government is planning to introduce specific laws aimed at regulating the cryptocurrency industry in the next 12 months, according to a top lawmaker. Andrew Griffith, economic secretary to the U.K. Treasury, told CNBC on Monday that the government had laid out its plans to regulate crypto assets in February and opened its suggestions…

Coinbase, one of the world’s largest cryptocurrency exchange platforms, may consider moving its headquarters from San Francisco to London in the future, according to its CEO Brian Armstrong. Armstrong said that the lack of regulatory clarity in the US was a major factor that could drive the company to relocate to its second-largest market by…

The move comes amid the government’s efforts to draft a comprehensive bill on crypto regulation that is expected to be tabled in the parliament soon. According to a notice issued by the finance ministry on March 8, 2023, crypto firms such as exchanges, custodians and intermediaries are now classified as reporting entities under the Prevention…