Regulation Archives - Page 2 of 5

January 27, 2025

Brazil Bans Crypto Rewards for Biometric Data Collection

Brazil’s National Data Protection Authority (ANPD) has prohibited Tools for Humanity (TFH), the business behind the World ID initiative, from delivering cryptocurrency awards in return for biometric information. The judgment, which takes effect on January 25, 2025, addresses concerns about pr...

#Brazil #CRYPTOCURRENCY #Identity #Regulation

January 22, 2025

Cryptocurrency Market Set for Record Growth in 2025: Teng’s Prediction

Richard Teng, CEO of Binance, has offered his growth estimate for the cryptocurrency market in 2025. He also feels that during Donald Trump’s leadership, there could be improvements, notably in the form of specific regulations for the sector. Teng shared his views at the World Economic Forum ...

#BITCOIN #NEWS #Political #Regulation

November 27, 2024

Tornado Cash Sanctions Overturned by U.S. Appeals Court

A U.S. appeals court has reversed sanctions against Tornado Cash, a cryptocurrency mixing service, marking a historic victory for privacy campaigners. The U.S. government accused Tornado Cash of assisting money laundering for criminals, notably North Korea’s Lazarus Group, by anonymizing stol...

#NEWS #Regulation #Torn #Tornado Cash

November 20, 2024

The Federal Bureau of Investigation (FBI) Raids the Home of Polymarket’s CEO Amid Legal Controversy

Federal law enforcement officials in the United States raided the apartment of the polymarket’s CEO, Shyne Coplan, on Wednesday. The items seized in his house include his phone and other electronic devices. Polymarket, the decentralized transaction platform, has faced scrutiny for allegedly breachi...

#DeFi #NEWS #Polymarket #Regulation

August 23, 2024

Chokepoint 2.0: A Strategic Regulatory Initiative

In the aftermath of the 2022 crypto market crash, banking regulators, late to recognize the dangers posed by the sector, made several conclusions that have proven to be both highly detrimental as it creates chokepoint 2.0 and that sometimes seem unlawful: 1. Crypto as a Threat to the Banking Sector...

#.blockchain #Finance #Regulation

August 15, 2024

Binance Gets Green Light to Operate in India After Paying Fine

In a major development for the cryptocurrency world, Binance, the largest crypto exchange globally, has been permitted to restart operations in India. This comes after the company paid a hefty fine of about $2.2 million to Indian regulators. On August 15, 2024, Binance announced that it had complet...

#Binance #CRYPTOCURRENCY #India #NEWS #Regulation

August 08, 2024

Ripple Ordered to Pay $125 Million in SEC Case, XRP Price Surges

In a major development for the cryptocurrency world, a federal judge has ordered Ripple Labs to pay a $125 million fine in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The ruling, announced on August 7, 2024, marks a significant milestone in the legal battle that began i...

#CRYPTOCURRENCY #Regulation #RIPPLE #SEC

May 01, 2024

Changpeng Zhao Sentenced in High-Profile Crypto Case

In a landmark case for the cryptocurrency industry, Changpeng Zhao, famously known as “CZ,” the former CEO of Binance, has been sentenced to four months in prison for confessing to money laundering charges. This verdict marks a significant moment, given Zhao’s previous status as a leading fig...

#Binance #Changpeng Zhao #CRYPTOCURRENCY #NEWS #Regulation

April 24, 2024

Changpeng Zhao vs. DOJ: DOJ Pushes for 36-Month Jailtime

In a landmark case that has gripped the cryptocurrency world, Changpeng “CZ” Zhao, the founder of the renowned digital currency exchange Binance, faces a potential three-year prison sentence. The U.S. Department of Justice (DOJ) has aggressively pursued a 36-month incarceration term for Zhao, who h...

#Binnace #Changpeng Zhao #CRYPTOCURRENCY #DOJ #NEWS #Regulation