Regulations
FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says
Deputy Treasury Secretary Wally Adeyemo wrote a letter to lawmakers discussing the extent to which Hamas may be using crypto.
Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ
The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims
The $2.3 million includes $400,000 tied to a pig butchering scam that targeted a Massachusetts resident.
Gemini and Genesis Can Be Sued by SEC Over Defunct Earn Product, Judge Rules
The judge found that the SEC’s complaint “plausibly alleges” that the two crypto firms offered and sold unregistered securities via Gemini Earn.
Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument
Anthony Grabiner alleged that some of COPA's fraud claims had no exact proof.
South Africa Is Poised to License 60 Crypto Firms by Month End: Bloomberg
Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.
EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA
The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies or assets.
Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
Dentons agreed to send $48 million back to Terraform after objections from Terraform's creditors, the SEC, and the U.S. Justice Department.
Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says
If traditional regulated markets cannot also offer tokenization and instantaneous settlement, investors could move to crypto, SEBI Chief Madhabi Puri Buch said.
