The European Union (EU) plans to introduce major Anti-Money Laundering (AML) rules by 2027. The regulations target privacy coins and anonymous crypto accounts. The new rules seek to improve transparency and combat fraud in the crypto sector. The AML rules prohibit service providers such as crypto asset firms from holding anonymous accounts or making transactions […]
World
Apple Loosens NFT, Crypto App Rules After Court Ruling
Apple modified its iOS App Store rules after a U.S. District Court decision in the Epic Games antitrust case. The court ordered Apple to drop its payment fees on purchases outside the App Store and eliminate its restrictions on external payment links. This policy shift by Apple enables developers to create apps that can direct […]
SEC Pressured: 30+ Crypto Giants Demand Clarity on Staking Rules
Key Takeaways The Crypto Council for Innovation (CCI), supported by major players like a16z, Paradigm, and Kraken, has formally petitioned the Securities and Exchange Commission (SEC) for staking-specific regulatory guidance. The CCI’s Proof of Stake Alliance (POSA), a 30-member association, sent a thorough letter to the SEC’s Crypto Task Force stating clearly that crypto staking […]
TON Foundation Appoints Maximilian Crown as CEO to Accelerate Growth
The TON Foundation has selected Maximilian Crown, co-founder of MoonPay, as the new CEO. The foundation appointed Maximilian Crown after the former CEO, Manuel Stotz, became president of the board. This move seeks to strengthen the position of the TON blockchain in the market. As the CEO of TON Foundation, Maximilian Crown will contribute his […]
Binance Sets New Crypto Rules for South Africans Starting April 30
Key Takeaways In a bid to remain in sync with the changing financial regulations of South Africa, Binance has unveiled plans to introduce increased compliance procedures. Binance will require its users within the region to provide sender and receiver details with all cryptocurrency deposits and withdrawals, starting April 30, 2025. This development aims to harmonize […]
BIS Report: Crypto Now Big Enough to Threaten Financial Stability
Key Takeaways The Bank for International Settlements (BIS) has issued a detailed report stating that cryptocurrencies and DeFi have reached a “critical mass,” making them potential contributors to financial instability. Once considered niche and disconnected from traditional finance (TradFi), the evolving crypto landscape is now creating deeper integration with the broader financial system, particularly through […]
SEC Dismisses Helium Case: Major Win for DePIN Projects
Key Takeaways: In a breakthrough for blockchain-based infrastructure, Helium’s founding organization, Nova Labs, has won decisively against the U.S. Securities and Exchange Commission. The regulator has formally abandoned its accusations that the company sold unregistered securities, a charge focused on Helium’s distribution of its token and sale of hotspot devices. The SEC’s dismissal with prejudice […]
SEC’s New Crypto Disclosure Rules: Key Compliance Tips for Issuers’ Legal Risks
Key Takeaways The Securities and Exchange Commission (SEC) is setting the stage for potentially earth-shattering changes in the way that crypto-related firms disclose businesses, technologies, and risks. Although the regulator has not formally designated all crypto assets as securities, it is aggressively pushing firms towards disclosure regimes, treating them as securities just in case. In […]
Federal Crypto Oversight Needed to Protect U.S. Financial System
Key Takeaways: This morning, Letitia James, New York’s state attorney general, wrote to congressional leaders Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson, expressing an urgent need for quick action in regulating digital assets. She points out in her letter that an overarching federal approach can prevent risks related to cryptocurrencies in terms […]
Ethereum Developer Virgil Griffith Has Been Freed After 63-Month Sentence
Virgil Griffith, one of Ethereum’s researchers and a former developer, has now been released from prison after serving 63 months. He was jailed in 2019 after giving a speech in North Korea about how blockchain technology could be used, which violated U.S. sanctions. According to Brantly.eth, former ENS operations director, Griffith was released on April […]