UK order clarifies crypto staking is not a collective investment scheme
The UK Treasury has amended finance laws to clarify that crypto staking isn’t a collective investment scheme, which a lawyer says is “heavily regulated.”This post was originally published on this site
North Dakota latest US state to revoke Binance.US license
North Dakota’s Department of Financial Institutions Commissioner pointed to Binance’s money transmitter and AML convictions to make its case. This post was originally published on this site
Binance.US seeks protective order against SEC’s ‘fishing expedition’
The exchange claims the SEC’s deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.US.This post was originally published on this site
Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena
A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports […]
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’
On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better” and also detailed that at some point he “might have more to say about a particular sparring partner.” SBF Says He Messed Up, Claims ‘Hands […]
Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December
The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation needed to regulate it. Pressed […]