Category: Regulation

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed…

August 18, 2020
Senate Says Jailed Russian Spy Bonded With Overstock CEO Over Bitcoin Hoping to Get to Rand Paul

New details of the salacious Butina-Byrne romance that led the Overstock CEO to resign emerge in latest volume of Senate Russia investigation.

August 18, 2020
Binance and Ukraine Capture Cyber Criminals Laundering $42M

The world’s largest exchange keeps deepening its cooperation with law enforcement.

August 18, 2020
Bank of England Joins Key Roundtable on Central Bank Digital Currency Design

The Bank of England is keeping central bank digital currency research high on its 2020 agenda.

August 18, 2020
Starting Second Term Today, SEC Commissioner Peirce Tells Cointelegraph Her Crypto Priorities

Sworn in for her second term today, SEC Commissioner Hester Peirce tells Cointelegraph about the commission’s work on crypto and new tech in investing.

August 17, 2020
South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud

Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms Sanctioned by 2 US States The Texas State…

August 17, 2020
Bitcoin Mining Firm Layer1 Accused of Copyright Infringement

Layer1 — a Bitcoin mining firm backed by PayPal co-founder Peter Thiel — was accused of copyright infringement.

August 17, 2020
Donald Trump: ‘I’ll Start Looking at’ Pardoning Edward Snowden

The US President said during a press conference that he would consider allowing Edward Snowden to return from his 7-year ‘exile’ in Russia.

August 16, 2020
US Regulator Charges Tech Firm, CEO in $5 Million ICO Fraud Case

The United States Securities and Exchange Commission (SEC) jointly charged Virginia-based Boontech and CEO, Rajesh Pavithran for fraud and registration violations. The charges stem from an initial coin offering (ICO) that raised $5 million from 1,500 investors around the world in exchange for Boon Coins. In return, Pavithran and his company promised to develop and…

August 15, 2020
California Moves Forward with Digital Asset Bill

Originally seeking to define digital assets, the bill now orders for a study to look at the impact of digital assets if these were securities.

August 15, 2020