DCG and Barry Silbert Seek Dismissal of $3 Billion Lawsuit

by Александр Пирогов | Mar 7, 2024 | Blog News

Digital Currency Group (DCG) and its CEO Barry Silbert have filed motions to dismiss a $3 billion lawsuit brought by the New York Attorney General’s Office (NYAG), contending that the fraud allegations are unfounded. The lawsuit, filed in October 2023, accused DCG,...

CFTC Urges Congress for Comprehensive Crypto Regulations

by Александр Пирогов | Mar 7, 2024 | Blog News

In a significant development for the cryptocurrency industry, CFTC Chair Rostin Behnam emphasized the urgent need for Congress to enact comprehensive crypto regulations. Behnam highlighted the necessity for a regulatory framework that addresses the complexities of...

CFTC Chairman Clashes with SEC Over Ethereum Custody Plans

by Александр Пирогов | Mar 7, 2024 | Blog News

CFTC Chairman Rostin Behnam has voiced disagreement with the SEC over Prometheum’s Ethereum custody plans, warning of potential conflict within U.S. financial market regulations. Behnam asserted that both Bitcoin and Ethereum are commodities, contrary to the...

Spain Orders Worldcoin to Halt Data Collection Amid Complaints

by Александр Пирогов | Mar 7, 2024 | Blog News

The Spanish Data Collection Agency (AEPD) has directed human identity-focused crypto project Worldcoin (WLD) to cease collecting personal data in Spain following multiple complaints from users. The AEPD mandates Worldcoin to stop data collection and processing,...

UK Adopts OECD Cryptocurrency Reporting Standards, Enhancing Tax Transparency

by Александр Пирогов | Mar 7, 2024 | Blog News

The United Kingdom has officially announced its adoption of the Organization for Economic Co-operation and Development’s (OECD) cryptocurrency reporting standards into its legal and fiscal framework, following the spring budget announcement. The move aims to bolster...

Nexo DWTC Receives Initial Approval for Crypto Operations in Dubai

by Александр Пирогов | Mar 6, 2024 | Blog News

In a significant development for the crypto lending sector, Nexo DWTC announced its preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s...