Tencent Halts NFT Sales on Its Huanhe Platform Amid Regulatory Scrutiny: Report
Users of the Chinese tech giant's Huanhe non-fungible token platform will still be able to hold, display or request a refund on their NFT holdings. Source
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Scrutiny
Circle Invested in 2 Hacked Crypto Companies, Adding to Its Headaches Amid Stablecoin Scrutiny
The venture-capital arm of the USDC stablecoin issuer backed Nomad and Slope, which were both exploited this week. Original Source
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Bitcoin’s ‘Kimchi Premium’ Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances
Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea have launched investigations into the famous Bitcoin ‘Kimchi’ premium. According to local reports, the Seoul Central District Prosecutor’s
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Direct Blockchain Scrutiny Can Spot Financial Hacks, but Not Easily, German Study Says
But the resources needed to maintain and interpret the information stream is high, it noted – requiring a small team of officials working round the clock. Coping with that kind of workload could require BaFin to work with other German regulators such as the BSI, which is responsible for cybersecurity,
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Crypto Broker Voyager Claims It Was FDIC Protected Draws Regulatory Scrutiny: Report
The FDIC – a federal regulator tasked with overseeing bank stability in the U.S. – protects customers from losing their funds in the event of a bank collapse, insuring up to $250,000 per account. This insurance, however, usually only applies to an actual bank failure, not upon failure of the
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Crypto SPACs Brace for Cruel Summer With Lower Valuations, SEC Scrutiny
To enhance investor protection, the SEC recently said that it would propose “specialized disclosure requirements with respect to, among other things, compensation paid to sponsors, conflicts of interest, dilution, and the fairness of these business combination transactions.” Original Source
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Polygon Increases KYC Scrutiny of Potential Investments and Grants in India
Polygon is now requiring extensive customer details for prospective partners in India as regulatory scrutiny there grows, according to a source. Source
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US House Democrats Call for Scrutiny on Crypto Mining as Environmental Threat
“We have serious concerns regarding reports that cryptocurrency facilities across the country are polluting communities and are having an outsized contribution to greenhouse gas emissions,” according to the letter, signed by lawmakers including Brad Sherman and Jamaal Bowman of California; Alexandria Ocasio-Cortez of New York; and Jesús G. "Chuy" García
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Argentinian Tax Agency Amps Up Scrutiny for Crypto Traders and Holders With New Requirements – Bitcoin News
The Argentinian Tax Agency (AFIP) is watching the movements of cryptocurrency traders and holders, to tighten its control over their transactions. The institution is now sending emails to Argentinian citizens asking for a series of data regarding supposed cryptocurrency operations made in their names. The agency requires the public keys
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Congress members concerned SEC stifling innovation with crypto scrutiny
In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry. They suggest the SEC
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