Ex-BitMEX CEO Hayes Asks for No Jail Time, Ability to Travel Freely: Report
Lawyers for Arthur Hayes argued he was unlikely to be a repeat offender and included a letter of support from his mother. Source
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Asks
Binance Asks to Be Removed From Crypto Romance Scam Lawsuit
Plaintiff Divya Gadasalli had sued the Cayman Islands company in federal civil court for its alleged role in cashing out the scammed crypto, which she had bought on Coinbase. Gadasalli also named Jerry Bulsa, Dong Lian, Danyun Lin, TD Bank, Abacus Federal Savings Bank and Poloniex. Original Source
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Bitstamp asks users to update the source of their crypto, citing regulatory compliance
Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth.In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on the platform, with the exchange seeking additional info about its clients,
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FDIC Asks All Banks to Report Crypto Activities
On Thursday, the Federal Deposit Insurance Corporation (FDIC) issued a financial institution letter – a letter sent to CEOs of FDIC-insured banks – requesting that banks should notify their regional FDIC director of their crypto activities. This request applies to both current and future crypto-related activities. Original Source
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SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and
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Indian Parliament Member Asks Government to Tax Crypto Income More Than 30% – Taxes Bitcoin News
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian
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Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison – Regulation Bitcoin News
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry of Finance Ask Crypto Exchanges to Comply With Sanctions Restrictions Japan’s top financial regulator, the
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QuickSwap Asks The Community, To Split or Not to Split QUICK Token?
Decentralized exchange running on Polygon, QuickSwap has officially begun a voting process regarding QUICK. The platform’s native governance and utility token, QUICK holders will vote on rejecting or approving a process called “redenomination”. Related Reading | Why Polygon Will Implement Ethereum’s EIP-1559 Update If approved, the QUICK token will be “split” thus
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UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’ – Regulation Bitcoin News
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating Illegally The U.K. financial sector watchdog,
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Ukraine Asks Tether to Halt All Transactions With Russians; Tether Demurs
The vice prime minister of Ukraine earlier Friday took to Twitter to make the request. Source
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