Policy & Regulation

South Korea

South Korea’s Top Financial Regulator Is Forming a Crypto Bureau

Cheyenne LigonAug 26, 2021

The Crypto Asset Monitoring Bureau will officially launch in September and oversee licensing for exchanges and other operators.

Fraud

AriseCoin Inventor Sentenced to 5 Years in Prison for Securities Fraud

Cheyenne LigonAug 25, 2021

Jared Rice, Sr., pleaded guilty to duping investors out of more than $4 million.

Federal Reserve

Why the Fed Jackson Hole Show Matters to Bitcoiners

Nate DiCamilloAug 26, 2021

Fed Chair Jerome Powell is expected to address whether the U.S. central bank will taper its $120 billion-a-month in bond purchases.

Policy & Regulation

Scams

SEC Official Calls Crypto Scams the ‘Flavor of the Year’

Cheyenne Ligon

Scams involving celebrity endorsements of digital assets are becoming more common.

Binance

FCA Said Binance Had Complied With Its Requirements, But Was ‘Not Capable’ of Being Supervised

Jamie Crawley

The FCA had ordered Binance to cease carrying out regulated activity in the U.K.

Thailand

Thailand’s SEC Proposes New Rules for Crypto Custodians

Eliza Gkritsi

Thailand has been significantly increasing its regulation of crypto.

Axie Infinity

Philippines Looks to Tax Hit Blockchain Game Axie Infinity: Report

Eliza Gkritsi

The country is the video game's leading market.

Infrastructure Bill

House Moves to Consider Unamended Infrastructure Bill

Cheyenne Ligon

The House will consider the bipartisan infrastructure bill on Sept. 27.

Bitcoin ETFs

Withdrawal of Ether Futures ETF Proposals Good Sign for Bitcoin Futures ETF: Analyst

Nelson Wang

Bloomberg Intelligence’s James Seyffart thinks a bitcoin futures ETF could get approved as soon as October.

Congress

State of Crypto: The Latest on Congress’s Crypto Tax Provision

Nikhilesh De

It's still unclear whether Congress will adopt any amendments.

CFTC

CFTC Commissioner Stump Decries ‘Oversimplification’ That Crypto Is Either a Security or Commodity

Cheyenne Ligon

The CFTC has jurisdiction only when looking at futures or other derivatives products, Stump said.

South Korea

Upbit Is First Korean Exchange to Register With Authorities Before September Deadline

Eliza Gkritsi

Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.