BIS, EU Central Banks Establishing Crypto Tracking System
The Bank of International Settlements and other European Central banks are developing an international cryptocurrency tracking system. The Bank of International Settlements (BIS) has devised a proof of concept (PoC) for a system that can track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains, such as Bitcoin. With the Deutsche Bundesbank, De Nederlandsche Bank, […]
DOJ Upholds SBF Accusations Despite Insufficient US Crypto Laws
Counsel for Sam Bankman-Fried argued that FTX was not located in the United States, and since SBF complied with regulatory obligations regarding FTX US, charges related to FTX international should not apply. The United States Department of Justice (DOJ) filed a court motion on October 4, arguing that the absence of crypto regulations in the […]
Sam Bankman-Fried Sues Insurer for Defense Fees as Trial Begins
SBF has coverage for directors and officers through FTX Trading‘s parent company, Paper Bird, but now that two companies have paid out $10 million, the third in line is refusing to pay, according to the lawsuit. As the final preparations for Sam Bankman-Fried’s trial were being made in Manhattan, his counsel filed a lawsuit against […]
Coinbase CEO Criticizes Chase UK Crypto Ban
Amidst escalating legal issues in the United States, Coinbase CEO Brian Armstrong has been pursuing the exchange’s expansion goals in the United Kingdom. The chief executive officer of major cryptocurrency exchange in the United States, Coinbase, Brian Armstrong, has criticized Chase UK’s decision to restrict crypto-related transactions. Brian Armstrong criticized Chase Bank on X (formerly […]
Taiwan Prohibits Unregistered Foreign Crypto Exchanges
In addition to local platforms such as Maicoin, prominent global cryptocurrency trading companies like Binance, ByBit, and Kraken have also actively provided services to customers in Taiwan. The Financial Supervisory Commission (FSC) of Taiwan is taking steps to enhance the safeguarding of cryptocurrency investors by introducing new regulations . On September 26, the FSC outlined […]