Israel’s crypto market is at its peak of popularity. Widespread adoption this growth is being threatened by the surging tide of fraud and lack of regulatory appetite. Conflicting estimates of digital wallet ownership and billion-dollar assets underscore the need for clear standards and consumer protection.Government agencies provide differing estimates about...
Illinois is taking a stand against cryptocurrency fraud with the introduction of a new bill aimed at protecting investors and fostering a more secure digital asset environment. BlockTraderHub.com is smart crypto traders’ essential resource for intelligence. As per their report, the recently introduced bill, titled SB1797, would create a regulatory...
Illinois Senate Assemb. SB1797 now heads to the Governor’s desk to become law. 39 to 17. Sounds like a landslide, right? Behind those numbers, as you might imagine, is a bitterly contentious fight – one that every state, heck, every nation is wrestling with. It’s not just about safety versus...
Europe’s crypto landscape is set to change profoundly. Google’s move to implement MiCA rules is extreme. By making crypto advertisers obtain a license ahead of time or get banned, it comes across more like a surgeon with a chainsaw. It promises to cut away the cancer of scams, but will...
Waylon Wilcox, an NFT speculator, recently pleaded guilty to evading millions in taxes on his CryptoPunk gains. Big deal, right? Wrong. And this isn’t even all of it, it’s not just a one dude and his pixilated avatars story. It’s a flashing red light in an early warning system –...
The SEC also recently issued a Wells notice to Crypto.com. This enforcement against one exchange is meant to serve as a warning to all of crypto—that’s the point. Have we reached a tipping point toward grown-up regulation? A high bar for regulation or is this instead a dangerous hurdle to...
The release from the Bank for International Settlements (BIS) has called for regulators to take swift, aggressive action to regulatory protect against damage in the crypto sector. This call to regulate isn’t happening in a vacuum, as U.S. Congress is debating proposed legislation to regulate stablecoins. We are glad to...
In short, the Bank for International Settlements (BIS) is alarmed. They see the crypto landscape, particularly DeFi, and they're flashing red lights about wealth inequality, investor protection, and risks to the traditional financial system (TradFi). Okay, we get it. Risks exist. Framing DeFi as a ticking time bomb is like...
Oregon’s choice to lead the SEC’s failed lawsuit against Coinbase makes this troubling fact all too clear. It is a shocking example and a clear reminder that innovation will sure lose out every time it’s pitted against regressive regulatory logic. The first and most direct impact affects Coinbase itself, and...
In fact, this action is remarkably similar to a case that the Securities and Exchange Commission (SEC) has since dismissed. This is a pretty remarkable action to take given the rapid shift of the SEC’s regulatory posture. As a result, the agency agreed to drop its original case against the...