A recent development highlights the ongoing interagency drama between the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC): the classification of major cryptocurrencies has become a focal point of contention. Once again, the CFTC has affirmed its position that Ethereum (ETH) and several other cryptocurrencies should be classified as commodities, […]
The post Coinbase vs SEC : Court Rules Against Coinbase in Anticipated Judgment appeared first on Coinpedia Fintech News
OPINION AND ORDER granting in part and denying in part 35 Motion for Judgment on the Pleadings: For the forgoing reasons, the Court DENIES Defendants’ motion for judgment. New filing: "SEC v. Coinbase"Doc #105: OPINION AND ORDER granting in part and denying in part 35 Motion for Judgment on the Pleadings: For the forgoing reasons, …
In a significant development, federal prosecutors in the United States have charged cryptocurrency exchange KuCoin and two of its founders with violating anti-money laundering (AML) laws. Founders Face DOJ Charges The US Department of Justice (DOJ) unsealed an indictment against KuCoin and its founders, Chun Gan (also known as “Michael”) and Ke Tang (also known […]
The post The Philippines SEC Obtains Approval to Ban Binance Access Due to Lack of Necessary Operating License appeared first on Coinpedia Fintech News
After months of seeking to block access to the Binance cryptocurrency exchange, The Philippines Securities and Exchange Commission (SEC) has now obtained the necessary approval to ensure an inevitable ban. According to reports from local media, The Philippines SEC received the necessary approval from the National Telecommunications Commission (NTC) to ban Binance’s local access. The …
The post EU Enforces Ban on Unidentified Self-Hosted Crypto Wallets for All Payment Transactions appeared first on Coinpedia Fintech News
The European Union has just made a move to step up its fight against money laundering by safeguarding financial transactions. Reportedly, the institution has said that crypto wallets without clear proof of ownership can no longer be used to send or receive payments. A New Horizon for Crypto Transactions This regulation is committed to getting …
The post Legal Turmoil: Do Kwon’s House Arrest Amidst Extradition Uncertainty appeared first on Coinpedia Fintech News
Do Kwon’s legal troubles seem to be never-ending? With his trial pending in the U.S. and the extradition deal not yet cleared and confirmed legally, Do Kwon, the co-founder of Terraform Labs, has been ordered from incarceration to house arrest in the latest court order. House Arrest and Travel Restrictions TerraUSD Cofounder Do Kwon’s legal …
In a recent development, Seychelles-based firm OKX, one of the largest cryptocurrency exchanges in the world, has announced the shutdown of its services in India. According to recent reports, the decision comes in response to regulatory hurdles faced by the exchange in the country. Users were notified of the closure through a notice sent on […]
The post SEC Targets Ethereum Foundation: SEC’s Shocking Move Sparks Fear and Uncertainty appeared first on Coinpedia Fintech News
The Securities and Exchange Commission has intensified its scrutiny of Ethereum, the second-largest crypto after Bitcoin, by initiating a legal campaign to classify ETH as a ‘security.’ This regulatory probe will be a significant challenge for the crypto ecosystem while firms are fighting for the regulatory approval of spot Ethereum ETFs. Why the probe? According …
The post Judge Rules Against SEC, Citing ‘Gross Abuse of Power’ in Digital Licensing Lawsuit appeared first on Coinpedia Fintech News
The Securities and Exchange Commission has again secured a loss in one of its many lawsuits. Bringing a dramatic end to the lawsuit involving Digital Licensing Inc. and other defendants, the U.S. District Court for the District of Utah has passed sanctions against the plaintiff, the Securities and Exchange Commission. The ruling highlights significant misconduct …
The platform will host major cryptocurrency pairs, such as USDT/TRY, BTC/TRY and ETH/TRY, along with “sophisticated crypto functionalities.”