A look at today’s key crypto events: institutional Bitcoin accumulation driving price increases, a false alarm in Paraguay regarding Bitcoin adoption, and a major crypto laundering operation uncovered in Australia.
Tag: Bitcoin Regulation
SEC Chair Atkins Criticizes Gensler’s Crypto Approach, Champions Self-Custody
At a recent SEC roundtable on DeFi regulation, Chair Paul Atkins voiced concerns about the previous administration’s crypto policies, particularly regarding self-custody and staking.
Crypto Exec Arrested: Accused of Laundering $530M for Sanctioned Russian Banks
The founder of crypto firm Evita Pay, Iurii Gugnin, has been arrested and charged with allegedly funneling $530 million from sanctioned Russian banks into the US, raising concerns about crypto’s role in sanctions evasion.
UK Appoints Crypto Intelligence Specialist: What It Means for the Market
The UK Insolvency Service has appointed its first crypto intelligence specialist. This move signals a growing focus on recovering crypto assets in bankruptcy and criminal cases, potentially impacting market sentiment and regulatory oversight.
SEC Considers ‘Innovation Exemption’ to Spur Crypto Development
The SEC is exploring a conditional exemption framework to foster innovation in the crypto space, potentially accelerating the development of onchain products and services.