Regulation

The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors. According to a SEC’s announcement on June 19, the authority has been granted a temporary restraining order and asset freeze against two Pennsylvania-based brothers allegedly running three crypto scam schemes. According to the
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On June 17, the United States Department of Justice issued new recommendations to roll back decades-old protections for online platforms publishing third-party content. Section 230 and internet censorship Section 230 of the Communications Decency Act became law in 1996, as the public was only just coming to welcome the internet into their day-to-day lives. The
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Bitisis, an Iran-based cryptocurrency exchange platform targeting Chinese investors with investment opportunities, has reportedly pulled an exit scam. Chinese police are currently investigating the exchange’s disappearance, with the platform appearing to have transferred users’ assets to three wallet addresses after abruptly suspending operations. However, the addresses in question are held by major cryptocurrency exchanges and
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WhatsApp has premiered fiat electronic payments on its platform, with Brazil becoming the first country to experience a nationwide release. According to a statement released Monday by WhatsApp, users that have Visa and Mastercard debit or credit cards from Banco do Brasil, Nubank or Sicredi can now attach instant payments to their messages. There’s an unspecified
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In a framework published in the Harvard Business Law Review on June 15, Heath Tarbert, Chairman of the Commodity Futures Trading Commission, broadly advocated financial regulation based on broader principles rather than specific rules. The argument for principles The argument for principles is that the approach entails less red tape and, ideally, encourages innovation. Tarbert
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Craig Wright, the self-proclaimed Satoshi Nakamoto candidate and chief scientist at NChain, has addressed the recent allegations about him hacking the now-defunct exchange Mt. Gox.  Last week, a lead maintainer of Monero (XMR) privacy coin Ricardo Spagni tweeted out court documents suggesting Craig Wright’s affiliation with a Mt. Gox-related Bitcoin (BTC) wallet known as “1Feex”:
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