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Regulation

Terraform Labs Co-founder Receives 15-Year Prison Sentence Following Guilty Plea

Do Kwon, a co-founder of Terraform Labs, has been sentenced to 15 years in prison on charges of fraud, following a significant financial collapse of the company.

News

CFTC Withdraws Crypto Delivery Guidance, Easing Regulations for Exchanges

The CFTC has eliminated its previous guidance on cryptocurrency delivery, granting exchanges more operational leeway, as noted by StarkWare's Katherine Kirkpatrick Bos.

News

CFTC Grants Flexibility to Prediction Markets on Reporting Requirements

The CFTC has issued no-action letters to certain prediction markets, allowing them to bypass specific data reporting and record-keeping rules.

Finance

Standard Chartered and AirAsia's Parent Company to Experiment with Ringgit-Backed Stablecoin

Standard Chartered Malaysia and Capital A are set to launch a ringgit-pegged stablecoin for wholesale transactions, marking a key step in Malaysia's digital asset landscape.

Ecosystem

Binance Takes Steps Toward Entering Stock Trading with New API Features

Binance has rolled out new API endpoints that indicate a strategy shift towards stock trading, signaling a renewed interest after a previous attempt failed in 2021.

Blockchain

US Financial Markets Ready for On-Chain Transition Following SEC Approval for Tokenization

The SEC chair reinforces the shift towards tokenized financial markets with recent approval for the DTCC to initiate market tokenization services.

News

UK Lawmakers Express Concerns Over Bank of England's Stablecoin Regulation

A group of UK parliamentarians warns that proposed stablecoin regulations by the Bank of England may lead innovation to migrate overseas.

News

Binance Gains Licenses from ADGM for Global Platform Operations

Binance has received licenses from the Abu Dhabi Financial Services Regulatory Authority, allowing it to operate its international exchange and broker-dealer services.

News

SEC Concludes Investigation into Ondo Finance's Tokenization Efforts

The SEC has formally closed its investigation into Ondo Finance, indicating a shift in the regulatory approach to digital asset tokenization in the U.S.

Crypto

Tether's USDT Secures Regulatory Approval in Abu Dhabi

The Abu Dhabi Global Market has recognized Tether's USDT as an accepted fiat-referenced token, a pivotal move for stablecoins in the region.

Crypto

Regulatory Body Seeks Input from Crypto Sector on Upcoming UK Investment Modifications

The Financial Conduct Authority of the UK invites cryptocurrency firms to contribute their insights on new policy proposals aimed at enhancing investment culture.

News

Italy Establishes Strict Deadline for Crypto Platforms to Meet MiCA Standards

Italy's markets regulator enforces firm deadlines for virtual asset service providers to comply with MiCA regulations, giving them until December 30 to apply for authorization or exit the market.

Crypto

Do Kwon Faces 12-Year Prison Sentence in US Amid Major Fraud Allegations

US prosecutors are seeking a 12-year sentence for Do Kwon, co-founder of Terraform Labs, citing extensive financial losses linked to his actions.

Crypto Regulation

Poland's Legislative Attempt on Crypto Regulation Fails After Presidential Veto

The Polish government faces setbacks in crypto regulation as its proposed law does not overcome a presidential veto.

Blockchain

US Stablecoin Regulations Create Divergence in Global Liquidity, CertiK Warns

New regulations under the US GENIUS Act are leading to a split in global liquidity dynamics, contrasting with Europe's approach.

Crypto

IMF Unveils Strategies to Tackle Stablecoin Challenges Beyond Regulation

The IMF's report emphasizes the need for strong macroeconomic policies and robust institutions to mitigate risks from stablecoins.

Finance

Atkins: SEC Poised to Propel Crypto Regulations by 2026

Paul Atkins, chair of the SEC, asserts the agency's capability to advance regulations for cryptocurrency without Congressional input, anticipating an exemption for innovators within a month.

Economy

Trump Suggests Kevin Hassett as Future Fed Chair, Boosting His Market Odds

Speculation surrounds Kevin Hassett as the potential next chair of the U.S. Federal Reserve following remarks by Donald Trump, significantly increasing betting odds on his nomination.