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Former Binance CEO Changpeng "CZ" Zhao has opposed the United States government's efforts to block his return to the United Arab Emirates (UAE) to be with his family while awaiting sentencing following his guilty plea.In a court filing on November 23, Zhao’s lawyers urged the judge to reject the proposed
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In response to the feedback received on its proposed Digital Payment Token (DPT) regulations, the Monetary Authority of Singapore (MAS) laid down measures for DPT service providers to discourage speculation in cryptocurrency investments.The de facto central bank of Singapore, MAS announced five ways DPT service providers can help retail clients avoid
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With the amendment sailing through unopposed, Emmer emphasized the potential roles of other government bodies, such as the Department of Justice and the Treasury, in managing any possible misconduct within the crypto industry. United States Congressman Tom Emmer is advocating for a significant change that aims to limit the powers of
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Chase Bank, a digital bank owned by the investment bank JPMorgan, will restrict all cryptocurrency-related transactions for its customers in the United Kingdom.Starting from Oct. 16, customers of Chase Bank in the U.K. will no longer be able to make crypto transactions using their debit cards or through outgoing bank
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East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, a local media outlet, the Central News Agency, reported that the Financial Supervisory Commission (FSC) of Taiwan
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied US economics professor Eswar Prasad has said that governments can program central bank digital currencies (CBDCs) to restrict purchases made by citizens. Speaking at a June World Economic Forum (WEF) event, Cornell University professor Eswar Prasad opined
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The RESTRICT Act, a bipartisan bill introduced earlier this month into the United States Senate, could be applied in broad and unexpected ways, including to threaten crypto, should it become law, think tank Coin Center warned in its blog. The bill, formally known as the ‘‘Restricting the Emergence of Security Threats
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Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital
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The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet
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When the new licensing program that is scheduled to take off in June arrives, retail traders in Hong Kong will be limited to “highly-liquid” digital assets, according to the new CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee.At the recent Asia Financial Forum, Leung reportedly pointed
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