Legislative Pushback Against Banking Authority A new draft law introduced in Brazil’s Congress is taking direct aim at the central bank’s recent stablecoin regulations. Representative Rodrigo Valadares put forward the proposal that would effectively suspend the rules set to take effect in February. The core argument here is that the central bank stepped beyond its…

SEBI Aims to Streamline Registration Process India’s securities regulator is pushing through significant reforms to make the country’s stock markets more attractive to foreign investors. The Securities and Exchange Board of India (SEBI), under new chairman Tuhin Kanta Pandey, is focusing on cutting red tape and reducing trading costs to reverse the trend of foreign…

SEC Chair Clarifies Crypto Token Categories SEC Chair Paul Atkins made some of his most direct statements yet about which crypto tokens should be considered securities during a lengthy speech on Wednesday. His comments provide clearer guidance about how the Wall Street regulator plans to handle the growing crypto industry under the current administration. Atkins…

Courtroom skepticism marks SBF’s appeal hearing Sam Bankman-Fried’s appeal hearing at the Second Circuit Court of Appeals didn’t seem to go particularly well for the former FTX CEO. The three-judge panel—Eunice Lee, Maria Araújo Kahn, and Barrington Parker—appeared quite doubtful about the arguments presented by his appellate attorney, Alexandra Shapiro. Shapiro argued that Bankman-Fried didn’t…

Court Rules Against Bitcoin Claim in FBI Evidence Case A federal court has dismissed a lawsuit seeking $354 million in damages from the U.S. government over lost Bitcoin. The case involved Florida resident Michael Prem, who claimed the FBI erased a hard drive containing 3,443 Bitcoins during a criminal investigation. The court found that the…

European Regulatory Milestone Zerohash Europe has obtained a significant regulatory approval under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The Dutch Authority for the Financial Markets granted the license, making Zerohash one of the first infrastructure providers authorized to offer stablecoin services across the entire European Economic Area. This license allows the company to…

Appeals Court Considers FTX Founder’s Retrial Motion Next week marks a critical moment for Sam Bankman-Fried as the Second Circuit Court of Appeals hears arguments challenging his conviction and 25-year prison sentence. The hearing, scheduled for November 4, will give both prosecutors and Bankman-Fried’s new defense team just 10 minutes each to present their cases….

International Crackdown Intensifies Singapore has joined a growing international effort targeting Chen Zhi, the founder and chairman of Cambodia-based conglomerate Prince Holding Group. The Singaporean police revealed on October 31 that they had launched an enforcement operation against Chen and his associates the previous day, resulting in the seizure of assets valued at more than…

Recent Sports Betting Scandal Raises Questions Just last week, professional sports experienced what might be the largest betting scandal in recent memory. An FBI operation led to the arrest of an NBA player and a coach for their alleged involvement in gambling schemes that included manipulating game outcomes to influence sports bets. This happened at…

FCA takes legal action against crypto exchange The UK Financial Conduct Authority has filed a lawsuit against cryptocurrency exchange HTX in London’s High Court. The regulatory body claims the exchange violated financial rules by promoting crypto asset services to UK consumers without proper authorization. According to Bloomberg’s report, the FCA specifically accused HTX of breaching…