Regulations
Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024
The order marks Celsius' exit from bankruptcy, filed in July last year, a process that also saw it make a $4.7 billion settlement with the U.S. over fraud allegations.
UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg
The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients.
EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision
The final version of the bill's text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause.
India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transactions offshore, a new study found.
Competition in Digital Markets Hits G7 Nations' Radar
The group agreed to scan for early warning signs of disruption in the distribution of market power.
India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets
Liminal has already supported the CBI in an operation by assembling a specialized team to safely store seized assets.
U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.
Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says
The SEC pushed back against Binance's motion to dismiss its lawsuit in a new filing.
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
Representatives of the company are answering questions from two divisions of the U.S. Securities and Exchange Commission in the wake of Grayscale's court win over the agency.
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.
