A US District Court has recently sided with the Securities and Exchange Commission (SEC) and issued an injunction preventing Telegram from releasing the Telegram Open Network (TON) blockchain and the Gram token. It is the latest blow to Telegram's ambitious project. Telegram had been planning to release both the blockchain and its native cryptoc...
According to a recent announcement, major financial institutions in Europe plan to launch a blockchain-based platform, which will focus on the investment fund sector. It has been in the works for a while now. The Luxemburg Stock Exchange incubated the platform and it is affiliated with some of the largest financial institutions. Some of the firm...
The Autorité des marchés financiers (AMF), France's financial watchdog, recently called for the creation of an EU-wide regulatory sandbox that would help to support the novel security token sector. The regulator conducted a legal analysis and found that current regulation was incompatible with the growth of the sector. What the Analysis Found A...
U.S. Magistrate Judge Bruce Reinhart, who oversees the case between the Kleiman estate and Craig Wright, the self-proclaimed Bitcoin inventor, recently had said some harsh words about the latter. The judge slammed Wright for presenting forged documents in court and committing perjury. Judge Reinhart made the remarks during the ongoing litigation...
A recent ruling by the Indian Supreme Court reversed a ban on crypto trading in the country, imposed by the central bank nearly two years ago. A three-judge bench, led by Justice Rohinton Fali Nariman, overturned the ban. The Crypto Ban In 2018, the Reserve Bank of India (RBI) issued a directive that barred banks operating in the country from de...
Тhe Riksbank, Sweden's central bank and the oldest central bank in the world, recently announced it had started trials for a central bank digital currency (CBDC), called the e-krona. If the trial run is a success, Sweden could be the first country in the world to launch a CBDC. Purpose of the Е-Krona If the e-krona achieves mass circulation, it ...
While crypto might not be heading for the moon yet, the underlying blockchain technology is increasingly finding uses in space. One of the latest enterprises is a project that records satellite data on the blockchain. The European Space Agency (ESA), which is a major international organization funded by various governments in Europe, recently an...
President Trump's $4.8 trillion budget proposal has an interesting take on the crypto sector. According to the proposal, the US Secret Service would be given up to $2.4 billion to police activities in the crypto sector. The goal is to have the Secret Service police illegal criminal activity involving crypto and attempt to end it. What It States ...
BaFin, the Financial Supervisory Authority of Germany, recently issued guidelines that clarify how foreign crypto custodians will operate in the country. The authority issued the guidelines this January. According to the updated guidelines, those custody services operating in Germany's crypto sector would not be fined if they did not have a lice...
The UK Financial Conduct Authority (FCA) recently made sweeping changes to the proposed fee structure for businesses operating in the crypto sector. In the new rules, the fees have been raised for some. From now, the FCA will use a two-tier system with fees being charged based on the income generated by a crypto firm. Initially, the FCA had opte...