Cryptocurrency news - Politics
Former Ethereum dev Virgil Griffith asks for resentencing in North Korea case
Griffith’s attorneys are asking for a sentence reduction from 63 months to 51 months or less. Former Ethereum developer Virgil Griffith, who was handed a 63-month prison term in 2022 for assisting North Korea in using blockchain technology, has requested a sentence reduction. ...
Unharmonized regulation threatens stablecoin usability — BIS report
Uniform requirements are needed to integrate stablecoins into the international financial system. The Bank for International Settlements (BIS) has found that despite their promise, the use of stablecoins is hindered by international regulatory fragmentation, in a survey of 11 ju...
Thailand’s biggest crypto exchange goes on hiring spree ahead of IPO
Bitkub targets to go public on the Stock Exchange of Thailand in 2025 and is planning to hire 1,000 employees by IPO launch. Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, is hiring financial advisers to facilitate its planned initial pub...
3 theories why the SEC may be eyeing down Ethereum: Crypto lawyer
The regulator does not want to undermine its arguments in ongoing legal action against Coinbase and Binance. The reported probe into Ethereum and its foundation could be a way for the securities regulator to comfortably deny spot Ether ETH $3,525 ETFs and satisfy senator blowba...
Australian crypto firm Finder’s Earn product was complaint, court finds
The court dismissed the corporate regulator’s legal action, saying Finder Earn wasn’t a debt security and didn’t require a financial license. An Australian federal court has dismissed a lawsuit bought by the country’s corporate regulator against a sister company of Australian fi...
SEC pushes back decision to open up options trading on spot Bitcoin ETFs
The SEC will again decide on whether to greenlight derivatives trading on spot Bitcoin ETF on April 24. The United States Securities and Exchange Commission has postponed its decision on whether to approve options trading on spot Bitcoin BTC $67,146 exchange-traded funds (ETFs)...
Kraken files to dismiss SEC suit — ‘Dangerous precedent’ for overreach
The SEC’s suit against Kraken has “has no limiting principle” and gives the agency too wide of an authority, the crypto exchange argues. Crypto exchange Kraken has filed to dismiss a November lawsuit from the United States Securities and Exchange Commission, arguing it sets a “d...
US Treasury official urges Congress for more power against crypto crime
Brian Nelson tells House lawmakers that despite the agency’s authority to hold firms such as Binance accountable, more powers are needed. A United States Treasury official has expressed concerns regarding crypto in illicit finance in a statement to the House Financial Services C...
Three Arrows co-founders’ OPNX exchange is shutting down
Crypto bankruptcy claims and trading platform Open Exchange has urged users to settle all positions by Feb. 7 and withdraw by Feb. 14. Crypto bankruptcy claims platform OPNX — launched by the co-founders of failed hedge fund Three Arrows Capital — has announced that it will offi...
Dubai regulator grants conditional crypto license to OKX
Rifad Mahasneh, OKX MENA’s general manager, told Cointelegraph that the license will allow OKX Middle East to offer regulated VASP services. Crypto exchange OKX’s Dubai subsidiary received a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Aut...