Regulatory News
Regulations are the legal and procedural frameworks governments enact to shape many different aspects of digital assets. Regulations may address how digital money is created, bought, sold, and traded.
Cryptocurrency regulations across jurisdictions can range from detailed rules designed to support blockchain users to outright bans on trading them. A high-quality regulatory framework is crucial for achieving mass adoption of cryptocurrencies.
One key benefit of crypto regulation is the increased protection it offers investors. By imposing stricter compliance requirements on cryptocurrency businesses, regulatory oversight can help minimize fraudulent activities, scams, and Ponzi schemes.
It also clarifies tax rules, boosts investor confidence, encourages blockchain innovation, facilitates interoperability, reduces systemic risk, and promotes inclusion. To get latest changes and amendments in regulations, read from CryptoTale.
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Ledger Scam Targets Users With Fake Letters for Seed Phrases
Ledger users receive scam letters, urging them to reveal their 24-word recovery seed phrases. To appear legitimate, the scam letters…
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Bitget Takes Legal Action Over VOXEL Price Manipulation
Bitget launched legal action against 8 accounts accused of manipulating VOXEL futures prices. Over $20 million was allegedly gained by…
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Paul Atkins Calls For Clear Crypto Rules at SEC Roundtable
SEC Chair Paul Atkins emphasizes the need for clear crypto regulations to support innovation. Outdated custody rules to be replaced…
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Federal Reserve Withdraws Crypto-Guidance on U.S. Banks
Fed ends 2022 and 2023 supervisory actions on banks regarding crypto-related actions. This move follows the FDIC and OCC removing…
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Crypto Fraud Skyrockets, FBI Reports $9.3B in Losses
Crypto scams cost Americans $9.3B in 2024, as AI makes fraud more advanced and harder to detect. Older people lost…
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Paul Atkins Becomes SEC Head, Vows to Prioritize Crypto
Paul Atkins says crypto will be his key goal while leading the SEC in the United States. He aims to…
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Paul Atkins Officially Confirmed As 34th Chairman of the SEC
Paul Atkins was sworn in as SEC Chair, replacing Gary Gensler, to lead a pro-crypto shift. Atkins takes over from…
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Oregon Sues Coinbase Over Unregistered Securities Sales
Oregon’s lawsuit accuses Coinbase of offering unregistered securities to residents. Paul Grewal criticizes Oregon for continuing the SEC’s abandoned lawsuit.…
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South Korea Blocks 14 Crypto Apps Amid Regulatory Crackdown
South Korea has removed fourteen unregistered crypto apps to protect local users. The government is enforcing strict compliance for all…
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Phantom Wallet Faces $3.1M Suit After $500K Meme Coin Theft
Phantom sued for $3.1M after $500K in memecoins stolen via browser vulnerability. The lawsuit claimed a hacker drained wallets by…
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Bitcoin Trading Platform Suspended Following Security Breach
Trading and withdrawals on ODIN.FUN were suspended after Bob Bodily’s account was hacked. A 50% drop in ODINDOG token value…
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Nine Sentenced for Defrauding Indians of $6 Million in USDT
Nine crypto fraudsters were sentenced for scamming 66,800 Indians of $6 million. The scammers promised high returns but froze funds…
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