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Yet, for the subsector to continue to grow, attract capital and become a trusted way to conduct business, DeFi will need to comply with various governments’ regulatory requirements, agreed most participants in closed-door roundtable discussions at Consensus 2023. Original Source
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The ASC action doesn't forbid Coinbase from offering staking as a service as long as it complies with the law, but the order itself was the result of a task force of 10 state securities regulators in the U.S., namely Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont,
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There is no shortage of regulatory efforts to mitigate the
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A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.” Moderated by David Zell, co-founder of the Bitcoin Policy Institute, the panel featured Perianne
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Some have speculated that stablecoins may pose risks to the broader financial system, citing the fact that Circle, which issues and manages USDC, held large deposits at the recently-shuttered Silicon Valley Bank. Chair Gensler himself attempted to make a connection between Silvergate and Signature Bank’s activities in crypto and their
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a crackdown on fraudulent activities, the SEC has taken action against operators of multiple websites accused of enticing investors with exaggerated returns through various securities offerings, including crypto asset mining pools. The regulatory agency has targeted
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The scheme operated by Horatiu Caragaceanu, The Shark of Wall Street and Hedge4.ai markets coins known as TruthGPT Coin (TRUTH). The token is using images of Elon Musk, Binance Chief Executive Officer Changpeng “CZ” Zhao and Ethereum founder Vitalik Buterin, said the Texas State Securities Board, which is joined by
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The Texas State Securities Board, including several state regulators, have come together to issue cease-and-desist orders against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for promoting two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The orders seek to clamp down on what
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Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities. In the United States, the blockchain and cryptocurrency sector has jousted with regulators over the need to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules, and even
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But the new vertical is also a sign of the exchange’s increasingly global perspective. Although Coinbase has operated across Europe and parts of Asia, Africa and Latin America for years, it has recently become more vocal about building internationally. In an April blog post, the exchange said it has begun
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