Regulations


Policy

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%

The plan could result in recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Policy

All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ

The defense team moved to bar one of the prosecution's proposed witnesses as well.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)

Policy

Binance’s Belgian Customers to Use Polish Entity in Bid to Escape Regulators’ Ban

National financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc

(Patrick Robert Doyle/Unsplash)

Policy

Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs

India has already made significant progress towards a wholesale and retail CBDC even though a full-scale launch is awaited.

Indian billionaire Mukesh Ambani (YouTube)

Policy

Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial

The FTX founder's bond was revoked earlier this month, after a judge found he had violated his bail conditions on at least two occasions.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

Policy

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

Minutes after the U.S.’s long-awaited proposal for taxing crypto gains went public, objections erupted from those tied to decentralized operations counted as “brokers.”

The U.S. Treasury Department's financial crimes arm reported on the use of bitcoin in human trafficking and other global crimes. (Jesse Hamilton/CoinDesk)

Policy

Celsius Token Holders Lose Bid to Hike CEL Valuation

Some creditors of the bankrupt crypto lender argue it should be valued at a higher $0.80, the nominal price when the company collapsed, despite allegations of market manipulation

Celsius is being sold to crypto consortium Fahrenheit (Pixabay)

Policy

U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Policy

Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

Hong Kong harbor skyline view into Kowloon

Policy

Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says

A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, a court filing said

(Prime Trust, modified by CoinDesk)