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...

Spanish Ministry of Finance Targets Crypto Assets for Tax Debt Settlement

by Александр Пирогов | Feb 7, 2024 | Blog News

The Spanish Ministry of Finance is moving to expand its oversight over crypto activities within the nation, empowering the Spanish Tax Agency to seize digital assets to settle tax debts. This initiative, led by María Jesús Montero, involves amending Article 162 of the...

US-UK Financial Regulatory Working Group Emphasizes Effective Regulation of Crypto Assets

by Александр Пирогов | Feb 7, 2024 | Blog News

The U.S. and U.K. Financial Regulatory Working Group (FRWG) convened in London for its ninth official meeting on January 31, underscoring the importance of robust regulation and oversight of cryptocurrency assets and markets. In a statement issued on February 5, the...

Federal Judge Orders Ripple to Provide Financial Documents to SEC

by Александр Пирогов | Feb 7, 2024 | Blog News

A federal judge has approved a motion allowing the United States Securities and Exchange Commission (SEC) to request specific financial documents from Ripple. Magistrate Judge Sarah Netburn, in a ruling on February 5, granted the SEC’s motion, requiring Ripple...