SEC’s Regulatory Push on Crypto and DeFi Draws Criticism from Commissioner Pierce

by Александр Пирогов | Feb 8, 2024 | Blog News

The United States Securities and Exchange Commission (SEC) has stepped up its regulatory efforts targeting the crypto and Decentralized Finance (DeFi) sectors with new rules imposing registration requirements on “dealers” and “government securities...

South Korean Authorities Investigate OKX for Alleged Unregistered Crypto Exchange Operations

by Александр Пирогов | Feb 8, 2024 | Blog News

South Korea’s Financial Intelligence Unit (FIU) is reportedly probing OKX following accusations of operating as an unregistered cryptocurrency exchange. The Digital Asset Exchange Association (DAXA) reportedly alerted the FIU, prompting an investigation into...

SEC Proposes Registration Requirement for Large Decentralized Exchanges

by Александр Пирогов | Feb 8, 2024 | Blog News

Under proposed regulations, decentralized exchanges (DEXs) with liquidity positions exceeding $50 million would need to register with the SEC. While DEXs have been instrumental in the DeFi revolution, offering peer-to-peer cryptocurrency trading without...

US Lawmakers Demand Answers from Treasury Secretary Yellen on Crypto Oversight

by Александр Пирогов | Feb 8, 2024 | Blog News

Four US lawmakers, including Representatives Patrick McHenry and Glenn Thompson, sent a letter to Treasury Secretary Janet Yellen pressing for clarification on crypto regulation gaps. Highlighting concerns over the lack of oversight in digital asset markets,...

Belarus Prepares for CBDC Launch in 2026 to Revolutionize Cross-Border Trade

by Александр Пирогов | Feb 8, 2024 | Blog News

Belarus Central Bank is aiming to decentralize cross-border trade with the introduction of its new Central Bank Digital Currency (CBDC), slated for a national rollout in 2026. Deputy Head of Research and Strategic Development at the National Bank of Belarus (NBB),...

Bitsonic CEO Sentenced to Seven Years in Prison for Customer Deposit Theft

by Александр Пирогов | Feb 7, 2024 | Blog News

The CEO of crypto exchange Bitsonic has been sentenced to seven years in prison, with the firm’s technology chief receiving a one-year jail term for embezzling 10 billion South Korean won ($7.5 million) worth of customer deposits. Jinwook Shin, arrested in...