RAK DAO chief commercial officer Luc Froehlich told Cointelegraph that regulations require clarity, and a regulation-by-enforcement approach drives talent away.
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Stay up to date with the latest news. Read the latest blockchain news regarding regulations, AML, hacks, scams and general tips.
SEC files ‘settled charges’ against Mango Markets operators
In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg that drained the platform of $100 million.
Binance founder CZ walks free from US prison
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.
‘Wealthiest US prisoner’: How did Binance founder CZ get there?
Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
Canada crypto exchanges get more time for stablecoin compliance
Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said.
Bitcoin and Binance token dip slightly as CZ is released
According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.
Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express
Worldcoin fined over privacy rules in South Korea, Hong Kong crypto trading store clerk scarpers with customer’s $500K in cash: Asia Express.
SEC scores partial win against blockchain firm Opporty over $600K ICO
A United States federal judge sided partially with the SEC, finding that Opporty and its founder, Sergii Grybniak, offered “unregistered securities” in a 2018 ICO.
Hong Kong to align crypto OTC derivative rules with European standards
Hong Kong regulators will align their crypto OTC derivatives reporting with ESMA’s standards, including the use of Digital Token Identifiers.
South Korea fines Worldcoin for violating personal protection laws
Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.