Regulation News

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MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced his willingness to provide his advice on the digital assets policy to President-elect Donald Trump, either publicly or confidently, if …

Binance’s Australian arm comes under fire from Australian regulators that accuse the crypto exchange of falsely categorizing local clients as wholesale clients, exposing them to risky crypto assets. According to a press release published on Dec. 18, the Australian Securities and Investments Commission accused Binance Australia Derivatives of misclassifying more than 500 retail clients as “wholesale clients.” As a result, …

A proposed legislation in Ohio seeks to incorporate Bitcoin into its financial plan. Derek Merrin, the Leader of the Ohio House Republicans, introduced the bill.  Derek Merrin, who was the former Mayor of Waterville, took to X to announce that House Bill 703, filed this week, would enable the state treasurer to invest in Bitcoin (BTC) in order to create …

President-elect Trump met with crypto industry leader Kris Marszalek to prepare an order for a Bitcoin reserve in a bid to strengthen the U.S. financial landscape.  Kris Marszalek, Crypto.com CEO, met Donald Trump at Mar-a-Lago on Dec. 16 to talk about the proposed crypto-related appointments within the financial departments and Congress. They also discussed drafts of a U.S. Strategic Bitcoin …

On December 13, Mohammed Azharuddin Chhipa residing in Springfield, was convicted by a federal jury on multiple counts associated with the Islamic State of Iraq and al-Sham, a foreign terrorist organization. As reported in the U.S. attorney’s press release, the evidence in the trial showed Chhipa operated a multi-year scheme, starting from at least Oct. 2019 to 2022, to funnel …

The Hong Kong government declared to the OECD Global Forum that its regulators plan to implement a crypto asset reporting framework to combat cross-border tax evasion. Regulators plan to complete the necessary legislative amendments before 2026. In the Organization for Economic Co-operation and Development Global Forum on Transparency and Effective Exchange of Information in Tax Matters on Dec. 13, representatives …

Namada, the layer-1 blockchain platform and shielded asset hub, has announced that community member Ether Gavin has outlined a proposal to reward Coin Center donors with the native token NAM. In an announcement on December 17, Namada revealed that Gavin’s governance proposal aims to initiate a public goods funding campaign, which would airdrop NAM tokens to donors of the blockchain …

CyberKongz, a gaming-based NFT project, has been issued a Wells Notice by the U.S. Securities and Exchange Commission, raising concerns over its ERC-20 token and blockchain game integration, indicating a potential legal battle might be in the cards. The team said they were “extremely disappointed at the approach the SEC has taken” on X post on Dec. 16, referring to …

The Indian government stated in a recent declaration to Lok Sabha that there is no fixed timeline for the rollout of the comprehensive set of regulatory guidelines for virtual assets. The government’s response followed queries posed by two Members of Parliament on what steps were being taken to set up a structured regulatory framework along with an expected timeline for …