Latest from Camomile Shumba
Philippines SEC Cracks Down on Unregistered Crypto Exchanges as New Rules Kick In
The agency warned the public against engaging with unregistered crypto firms.
U.S. CFTC Considers Allowing Spot Crypto Trading on Registered Futures Exchanges
The U.S. Commodity Futures Trading Commission wants stakeholders to work with it to provide regulatory clarity on listing spot crypto assets.
Hong Kong's Stablecoin Rules Kick In as It Looks to Establish Its Crypto Credentials
The new rules meal that stablecoin issuers will need to apply for a license in the region.
Indonesia to Raise Taxes on Crypto Transactions: Reuters
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said.
Bank of Korea to Establish Virtual Asset Team as Lee Looks to Shape Crypto Regime: Report
The team will be responsible for monitoring the digital asset market and holding discussions on crypto-specific legislation.
Hong Kong Releases Guidance on Strict Rules for Stablecoin Issuers
The Hong Kong Monetary Authority encouraged firms that are fully prepared to apply for a stablecoin license to do so by the end of September.
ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy
U.S. dollar stablecoins will cement their dominance unless alternatives like the digital euro arise, an adviser to the European Central Bank said.
Revolut Makes Crypto Staking Available in Hungary After Restricting Services
The company had to restrict the majority of its crypto services for customers in Hungary earlier in July due to new legislation in the country being enforced.
Yuga Labs Bored Ape Yacht Club $9M Win Against Ryder Ripps Overturned, Must Better Prove Trademark Infringement
Yuga Labs will need to continue defending its suit against Ryder Ripps, the creator of RR/BAYC.
Grand Jury Charges Pastor, Wife in Alleged Multi-Million Dollar Cryptocurrency Scam
Between January 2022 and July 2023, Eli and Kaitlyn Regalado allegedly solicited nearly $3.4 million from investors and mostly targeted churches.
