This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.
According to a lawsuit filed in the Southern District of New York, the U.S. Securities and Exchange Commission (SEC) accused Singapore-based Terraform Labs and its CEO Kwon Do-hyung of defrauding investors via “a multi-billion dollar crypto asset securities scheme.”…[continue reading]
2) According To A Web3 Legal Expert, Ripple Has A “Three-Year Head Start” In The SEC Litigation
It is anticipated that the current legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple will have a lasting impact on the future of the cryptocurrency sector…[continue reading]
3) All UK Crypto ATM Companies Are Illegal, Declares The FCA
Less than two months have passed since Elliptic, a blockchain analytics startup, published a report predicting crypto regulations for this year. As global regulators tighten their grip on the business, the company predicts that crypto-related punishments will climb in 2023…[continue reading]
4) India Prohibits Crypto Advertising During The Women’s Premier League Cricket Tournament
The Board of Control for Cricket has instructed Women’s Premier League clubs to refrain from advertising cryptocurrency-related items. The Board of Cricket Control in India (BCCI) has prohibited crypto-related advertising during its most recent women’s competition…[continue reading]
5) New EU Banking Regulation Identifies Cryptocurrency The Highest Risk Score
New EU Banking Regulation Assigns Cryptocurrency the Highest Risk Score EU senators to propose in a new banking bill draught that, until December 2024, banks give cryptocurrency the maximum risk weight of 1,250%…[continue reading]
6) India Is Considering Crypto And Regulation With The G20, According To The Finance Minister
Finance Minister Nirmala Sitharaman said that while India continues its one-year leadership of the Group of 20 (G20), it is addressing cryptocurrencies and regulation with the group’s members…[continue reading]
7) UAE’s Central Bank Will Issue CBDCs And Stimulate The Development Of Digital Assets
Among other projects, the Central Bank of the United Arab Emirates (CBUAE) intends to develop a central bank digital currency (CBDC) as part of its attempts to become a financial and digital payment centre. The measures are part of the Sunday-launched Financial Infrastructure Transformation (FIT) program, which seeks to help the local financial services industry via a number of initiatives…[continue reading]
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