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.
Crypto Law Articles
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.
AI scientists urge ‘contingency plan’ in case humans lose control of AI
In an open letter, scientists shared worry that the loss of human control or malicious use of AI systems could lead to catastrophic outcomes for all of humanity.
Hong Kong prepares AI guidelines for finance sector
Hong Kong’s government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week.
‘Explosion’ in election gambling will harm public interest — CFTC
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.”
Bybit bags provisional crypto license from Dubai regulator
The Virtual Asset Regulatory Authority (VARA) has granted Bybit a non-operational license to serve retail and institutional crypto investors in Dubai.
UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK
UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.
50 days until US election, crypto Super PAC pours $7.8M into Senate races
Crypto interest groups could determine whether Democrats or Republicans have a majority in the US Senate in 2025 by backing candidates in crucial November races.
BitGo launches regulated custody platform for native protocol tokens
The US custodian’s crypto-native clients include Worldcoin, ZetaChain and LayerZero.
Kraken denies SEC claims, argues digital assets aren’t securities: Law Decoded
Kraken rejects the SEC’s securities allegations, Brazil lifts the freeze on Starlink’s bank account, the UK clarifies crypto property rights, and Coinbase backs NFT’s legal defense.
41 firms join BIS Project Agora to advance unified ledger applications
The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.