Regulation news

04:10 Regulation

Arizona Returns $171,332 to 35 Crypto ATM Scam Victims Under New Refund Law

Arizona AG secures $171,332 in refunds for 35 crypto ATM scam victims Arizona Attorney General Kris Mayes said Aug. 12 that 35 crypto ATM fraud victims received full refunds totaling $171,332 under the state’s refund process. The law, in effect since Sept. 26, 2025, requires kiosk operators to fully reimburse fraudulently induced transactions, including fees, only for customers who had been with that operator for less than 10 days and who report the case within 30 days.

18:40 Regulation

Kalshi told to keep operating as Washington restricts seven contract categories

Washington judge restricts seven Kalshi contract categories Kalshi must block Washington users from sports, elections, politics, entertainment, culture, technology and science contracts after a state injunction, with IP-based geofencing due by Aug. 19 and a multi-source system by Sept. 2. The CFTC separately ordered Kalshi on Aug. 11 to keep operating under federal rules while New York seeks to halt its contracts; commodities, climate, economic and financial events remain available in Washington.

13:10 Regulation

Ireland adopts AML strategy with tighter checks on crypto wallet transfers

Ireland unveils AML strategy with tighter checks on crypto wallet transfers Ireland has launched its first national anti-money laundering strategy, in force through 2030, adding stricter rules for digital-asset transfers involving self-hosted wallets and overseas crypto firms. The plan requires enhanced verification and customer due diligence to implement the EU’s Transfer of Funds Regulation and the FATF travel rule, as Dublin moves to curb illicit use of digital assets.

10:57 Regulation

JPMorgan Ends Banking Relationship With Polymarket as Regulatory Pressure Builds

JPMorgan closes Polymarket bank account over regulatory concerns JPMorgan has closed Polymarket’s bank account, reportedly citing regulatory concerns, months after CEO Jamie Dimon said the bank could “possibly” offer prediction-market products one day. The move comes as Polymarket faces growing scrutiny in Washington, including a House Oversight Committee probe into possible insider trading and questions over how platforms police accounts and geographic restrictions.

09:11 Regulation

Upbit Sets Sept. 14 Delisting for STORJ, JASMY and TT After Follow-Up Review

Upbit to delist STORJ, JASMY and TT on Sept. 14 Upbit will end trading support for Storj (STORJ), JasmyCoin (JASMY) and ThunderCore (TT) at 3 p.m. KST on Sept. 14, removing six pairs: STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW and TT/BTC. South Korea’s largest exchange said follow-up reviews found unresolved issues behind their investment-caution tags, including disclosure, business sustainability and, for TT, supply and circulation concerns that could expose users to losses.

04:40 Regulation

MSCI Proposal Could Remove Strategy and Metaplanet From Global Indexes

MSCI proposal would remove Strategy and Metaplanet from key global indexes MSCI is consulting on a rule change that would exclude “non-operating companies” from its Global Investable Market Indexes; under a May 2026 simulation, that would remove Strategy, Metaplanet and uranium holder Yellow Cake PLC. The proposal uses balance-sheet and financial-ratio screens to identify firms acting more like investment vehicles, with consultation open until Sept. 30 and a decision due by Oct. 16 for the November 2026 Index Review.

01:10 Regulation

South Korea Tax Agency Warns of Phishing Emails Posing as Crypto Tax Notices

South Korea tax agency warns of crypto tax phishing emails South Korea’s National Tax Service on Aug. 14 warned that phishing emails posing as virtual-asset tax notices are spreading, including messages titled “Advance Explanation Notice on Virtual Asset Taxation.” The agency said users should not click links or open attachments, as the emails are designed to steal personal information, and advised people to verify any notice by logging into Hometax directly.

21:11 Regulation

XRP Holds Near $1 as Senate Delays CLARITY Act and CFTC Prepares August Meeting

CFTC moves on crypto rules as Senate delays CLARITY Act vote XRP traded at $1.009 on Thursday after the Senate left for recess without a floor vote on the CLARITY Act, which would codify the token’s legal status in federal law. The next Senate window opens in September, but the CFTC is moving ahead with an Aug. 20 Innovation Advisory Committee meeting on what it can address under existing powers; Ripple CEO Brad Garlinghouse sits on the panel.

18:43 Regulation

Trump Memo Opens Path for Vetted Firms to Conduct U.S.-Approved Cyber Operations

Trump authorizes vetted US firms for offensive cyber operations abroad President Donald Trump signed an Aug. 12 memorandum creating a DHS-led program that lets vetted U.S. companies carry out government-approved cyber operations against foreign criminal networks behind ransomware, phishing, financial fraud and sextortion. Firms must contract with DOJ or DHS, post a bond of at least $1 million, and act only under written federal approval; guidance is due within 60 days.

10:44 Regulation

Monaco Files Bill to Replace 2022 Crypto Rules With MiCA-Aligned Framework

Monaco submits bill to replace 2022 crypto rules with MiCA-style regime Monaco has filed Bill No. 1131 with the National Council to replace its 2022 crypto framework and align oversight with the EU’s MiCA rules and FATF standards. The proposal would require crypto-asset service providers to obtain prior authorization from the CCAF, adds stricter governance and prudential requirements, and expands supervisory powers as authorities say the changes are meant to strengthen compliance and curb money laundering.

10:12 Regulation

Copper sets up regulated US arm for crypto custody and institutional trading services

Copper gains SEC-registered broker-dealer status in the US Copper has launched a regulated US foothold after Copper Markets (US) Inc. became an SEC-registered broker-dealer and a FINRA member, creating a path to offer institutional custody and trading-related services in the country. The company said the US entity will provide qualified custody, staking, financing and OTC services, plus access to its ClearLoop network, which lets institutions post crypto and tokenized assets as collateral without moving them onto exchanges.

06:11 Regulation

SEC Set to Vote on 400-Page Crypto Rule Proposal With New Token Exemptions

SEC to vote Aug. 14 on first formal crypto rulemaking The SEC is set to vote Aug. 14 on “Regulation Crypto,” a 400-page proposal that would create three exemption pathways for token issuance and fundraising, including a startup route of about $5 million, a 12-month fundraising cap of $75 million, and a safe harbor letting tokens exit securities status once a network is sufficiently decentralized. If advanced, it would mark a shift from enforcement-driven policy to a codified framework the agency is attempting without waiting for Congress.

05:12 Regulation

Arizona Crypto ATM Law Delivers $171,332 in Refunds to 35 Scam Victims

Arizona crypto ATM law secures $171,332 in scam refunds for 35 victims Arizona Attorney General Kris Mayes said the state’s new crypto ATM law has already helped 35 scam victims recover $171,332. Enacted in May as House Bill 2387, the law requires kiosk operators to fully reimburse new customers fraudulently induced into a transaction, including fees, if they report it to the operator and law enforcement or the attorney general within 30 days and obtain a fraud determination.

04:10 Regulation

Philippines sets DTI certification process for government imports of unavailable advanced tech

Philippines sets legal route for government imports of blockchain and AI tech The Department of Trade and Industry issued DAO 26-06, authorizing DTI to certify when blockchain, AI, deep tech, or related consulting services are unavailable in the local market. Once certified, Philippine government agencies can bypass domestic bidding limits and procure those technologies through international organizations, UN agencies, or international financing institutions.

01:10 Regulation

Coinbase to Add 170-Plus Derivatives Contracts for Eligible UK Professional Investors

Coinbase to roll out 170+ leveraged derivatives for UK professional investors Coinbase will start offering eligible UK professional investors more than 170 derivative contracts across crypto, commodities, equities and FX, with rollout beginning in the coming weeks and expanding over the following months. The lineup includes futures, perpetuals and crypto options, with leverage of up to 50x, following Coinbase’s UK investment services authorization.

22:40 Regulation

OCC Returns Zerohash Bid for U.S. Trust Bank Charter, Company Plans to Refile

OCC returns Zerohash trust bank charter application The Office of the Comptroller of the Currency returned Zerohash’s application for a U.S. trust bank charter, ending the process because the filing was “materially deficient” under OCC policy. Zerohash, which provides crypto infrastructure for firms including Morgan Stanley’s E*Trade, said the move was coordinated with the regulator, does not affect current operations, and it plans to refile this month seeking a swift resolution.

21:43 Regulation

Hawaii to Enforce Statewide Crypto ATM and Kiosk Ban on Oct. 1

Hawaii signs statewide ban on crypto ATMs and kiosks Hawaii Governor Josh Green signed House Bill 1642 into law in July, setting a full ban on crypto ATMs and kiosks that take US dollars in exchange for digital assets. The state cited scam losses, including FBI data showing 826 Hawaii crypto complaints in 2025 and about $80 million in losses. CoinATMRadar data showed 57 machines were operating across four main islands as of Wednesday.

20:41 Regulation

SEC staff allows Franklin funds to use onchain money fund for cash and collateral

SEC staff clears Franklin funds to use onchain money fund as cash vehicle The SEC’s Division of Investment Management said it would not recommend enforcement action if Franklin Templeton’s U.S. registered funds hold shares of its onchain money market fund, FOBXX, through an affiliated blockchain-based custody and recordkeeping system. The no-action relief lets the funds use FOBXX for cash management and securities-lending collateral, provided Franklin meets 12 conditions on segregation, controls, reconciliation, board oversight and independent checks.

12:12 Regulation

Singapore Finalizes Crypto Tax Reporting Rules for Platforms From 2027

Singapore finalizes crypto tax reporting rules from 2027 Singapore has issued final rules requiring crypto exchanges, brokers and trading platforms with a local nexus to collect user tax residency data and report annual per-user, per-token transaction aggregates to the Inland Revenue Authority of Singapore from Jan. 1, 2027. IRAS will share the data with foreign tax authorities under tax treaties, and from Jan. 1, 2028, platforms cannot execute trades for users without valid self-certification on file.

11:42 Regulation

Kraken to Take Over MEXC’s Netherlands Client Migration as MEXC Winds Down Services

Kraken to take MEXC’s Netherlands clients as exchange exits market MEXC is referring its Netherlands users, including spot and derivatives clients, to Kraken as it winds down services in the country as part of a broader regional realignment. Kraken said it has held MiCA authorization through the Central Bank of Ireland since June 2025 and also has MiFID approval for derivatives, offering referred clients a licensed venue with more than 600 crypto assets, EUR rails and quarterly verified proof of reserves.

10:11 Regulation

Brazil Sets 2026 Deadline for Crypto Security and AML Assurance Reports

Brazil sets Oct. 30, 2026 deadline for crypto security and AML audits Brazil’s Central Bank will require existing virtual asset providers to file a “reasonable assurance” report from a CVM-registered auditor by Oct. 30, 2026, going beyond proof of reserves to verify AML/CFT, sanctions screening, asset segregation and cybersecurity controls. Under rules effective Feb. 2, 2026, firms must also keep separate client wallets, perform regular penetration tests and maintain incident records for five years.

08:41 Regulation

ASIC removes Yepbit-linked websites after users report blocked withdrawals

ASIC takes down Yepbit-linked sites after withdrawal complaints Australia’s corporate regulator has removed several websites linked to digital asset and futures platform Yepbit after investors reported they could not withdraw funds. ASIC said Yepbit falsely told customers their money had been frozen by the regulator during checks; ASIC said it had taken no action stopping refunds, and warned Yepbit has neither an Australian Financial Services Licence nor AUSTRAC virtual asset service provider registration.

07:13 Regulation

Japan blockchain consortium forms tax panel to address DeFi and stablecoin business use

Japan blockchain group sets up tax panel for stablecoins and DeFi The Japan Blockchain Collaborative Consortium has launched a Tax Policy Working Group to tackle tax uncertainty that it says is slowing corporate use of digital assets, especially in payments, remittances, fundraising and asset management. The panel will examine how companies should recognize gains and losses, value assets and handle tax filings for DeFi and stablecoin transactions, then propose guideline changes and institutional reforms to Japan’s tax authorities and relevant ministries.

05:12 Regulation

OCC says digital asset firms should have a route to U.S. bank charters

OCC says crypto firms should have a path to U.S. bank charters The OCC said Aug. 11 that digital asset firms engaged in legally permissible activities should have a route to U.S. national bank charters, as Comptroller Jonathan Gould pushed to revive new bank formation. The agency’s licensing list shows 13 pending digital asset applications, while OCC records also show at least one denial: Wise National Trust was rejected on July 21, underscoring that charter access is not automatic.

05:11 Regulation

South Korea Tax Agency Expands Crypto Tracking and AI Forensics in Evasion Drive

South Korea tax agency to add crypto tracing tools in anti-evasion push South Korea’s National Tax Service said it will expand transaction-tracking programs for virtual assets and upgrade its AI-based forensic system to crack down on tax evasion and asset concealment using digital assets. The agency will also widen rewards for tip-offs, while stepping up arrears collection with a 10,000-member team reviewing about 130 trillion won ($93.9 billion) in unpaid taxes.

01:41 Regulation

AUSTRAC Suspends Cryptolink, Taking 96 Crypto ATMs Offline for Three Months

AUSTRAC suspends Cryptolink and shuts 96 crypto ATMs for three months Australia’s financial crime regulator AUSTRAC has suspended Cryptolink’s virtual asset service provider registration, forcing its 96 crypto ATMs offline for three months after citing renewed anti-money laundering and counter-terrorism financing concerns. AUSTRAC said the company failed to meet basic threshold transaction reporting obligations, did not submit required reports or respond to an information request, and will be monitored until the suspension ends in early November.

21:13 Regulation

SEC Schedules Vote on Crypto Offering Rules After Senate Stalls CLARITY Act

SEC to consider new crypto offering rules at Friday meeting The US Securities and Exchange Commission has scheduled an open meeting for Friday to consider “new rules to create a tailored offering regime for certain investment contracts involving crypto assets,” signaling a possible policy move without waiting for Congress. The agenda comes after Senate lawmakers failed last week to pass the Digital Asset Market Clarity Act, which was expected to set a broader framework for crypto oversight.

12:41 Regulation

Bank of Russia proposes exchange trading for Bitcoin, Ether and USDT

Bank of Russia proposes exchange trading for BTC, ETH and USDT Russia’s central bank has proposed allowing Bitcoin, Ether and Tether’s USDT to trade on regulated exchanges after a law signed by President Vladimir Putin on Aug. 4 gave it authority to decide which digital currencies can be admitted to organized trading. Under the draft rules, non-qualified investors would be capped at 300,000 rubles ($3,650) in crypto purchases per year through each intermediary, while all investors would have to pass a test on crypto risks. Comments are open until Aug. 24.

05:13 Regulation

South Korea Approves Tougher VASP Screening and Wider Travel Rule for Crypto Transfers

South Korea expands crypto travel rule to all transfers South Korea’s Cabinet approved revised AML rules that tighten VASP registration screening and extend the travel rule to all virtual-asset transfers between registered operators, regardless of amount, to stop transaction splitting. The decree also broadens shareholder reviews, allows filings to be rejected on financial and compliance grounds, and gives existing operators a one-year grace period; the registration rules start Aug. 20, while the travel-rule expansion takes effect six months after promulgation.

04:42 Regulation

FATF Sets New DeFi Control Test for AML Oversight

FATF unveils new test for DeFi control The Financial Action Task Force has introduced a “control or sufficient influence” test that could pull some DeFi protocols under global AML and counter-terror financing rules even if they call themselves decentralized. Regulators can examine governance, smart-contract upgrades, treasury assets, fees, admin permissions and wallets to identify who really influences a protocol, while stablecoins used in DeFi face added scrutiny when linked to illicit activity.

04:11 Regulation

US Treasury Sanctions Shelbit and Aban Tether Over Alleged Iran-Linked Crypto Activity

US sanctions hit Shelbit and Aban Tether over alleged Iran-linked flows The US Treasury’s OFAC on August 7 sanctioned crypto exchanges Shelbit and Aban Tether, accusing them of moving funds for Iran’s Islamic Revolutionary Guard Corps. OFAC said TRM Labs traced more than $6.3 billion through Dubai-registered Shelbit between May 2024 and March 2026, while Aban Tether processed transactions with already sanctioned Iranian platforms including Nobitex, Wallex, Bitpin, and Ramzinex.

02:00 Regulation

Brazil Orders 24-Hour Delay on Some Crypto Outbound Transfers From 2027

Brazil central bank orders 24-hour hold on some crypto outbound transfers Brazil’s central bank on Aug. 7 published Resolution BCB No. 584/2026, requiring crypto firms to hold outbound transfers for up to 24 hours when a single transfer or a customer’s daily total exceeds $10,000 and is sent to a self-custody wallet or a platform outside Brazil. The rule, effective Jan. 1, 2027, extends the country’s fraud-prevention framework to crypto and stablecoins and is designed as a review window rather than a freeze.

22:41 Regulation

Senate Schedules Sept. 15 CLARITY Act Vote After Recess Delay

Senate sets Sept. 15 vote on CLARITY Act after missing pre-recess push The U.S. Senate did not advance the CLARITY Act before its August recess, but Majority Leader John Thune filed cloture to force a Sept. 15 procedural vote on whether formal debate can begin. The bill needs 60 votes, with ethics rules and stablecoin rewards still dividing senators, while Sen. Cynthia Lummis and Coinbase executives called the delay frustrating and disappointing.

19:11 Regulation

South Korea Opposition Seeks to Push Crypto Profit Tax Start to 2030

South Korea opposition moves to delay crypto tax to 2030 People Power Party lawmaker Jeong Seong-guk has proposed delaying South Korea’s 22% tax on crypto profits from Jan. 1, 2027, to Jan. 1, 2030, setting up a clash with the government, which reaffirmed this week that taxation will start as scheduled. The tax would apply to annual crypto gains above 2.5 million won ($1,800), affecting a market of about 13 million South Korean traders.

17:16 Regulation

FATF Issues First DeFi AML Report Centered on Control and Influence Test

FATF publishes first DeFi-specific AML report The Financial Action Task Force has issued its first DeFi-focused report, saying protocols should be assessed under existing AML/CFT rules based on who has “control or sufficient influence,” not whether they call themselves decentralized. The 49-page framework says identifiable controllers can bring a protocol into VASP scope, while blockchain analytics and off-chain signals like front-end or repo control are key tools for supervisors to make that determination.

15:11 Regulation

PBOC puts digital yuan at the center of its 2026-2030 reform plan

PBOC makes digital yuan a core task in 2026-2030 reform plan China’s central bank said it will “steadily develop” the e-CNY over the next five years, elevating the digital yuan to a core task in its 15th Five-Year reform plan for 2026-2030. The blueprint ties e-CNY development to stronger payment infrastructure, credit reporting and anti-money-laundering rules, while also pushing wider RMB use in trade and investment and building out cross-border payment networks.

11:41 Regulation

Flowdesk Secures VARA Broker-Dealer License for Dubai Expansion

Flowdesk wins VARA broker-dealer license in Dubai Flowdesk Omega FZE, the Dubai unit of France-based liquidity provider Flowdesk, has received a crypto broker-dealer license from Dubai’s VARA, allowing it to offer digital-asset brokerage services to qualified and institutional investors in and from Dubai. The approval comes two months after the firm received in-principle clearance in June 2026, expanding its regulated footprint in the UAE.

11:11 Regulation

NY State Police warn Twin Tiers residents of fake crypto and gold investment scam

NY State Police warn Twin Tiers residents of crypto and gold investment scam New York State Police issued an alert this week about callers targeting Twin Tiers residents with fake crypto or gold-bar investment pitches. Troopers said scammers build rapport, direct victims to a website posing as a legitimate investment platform, then drain accounts after victims enter banking or account details. Police said anyone contacted should hang up, avoid sharing information or visiting suggested sites, and call law enforcement if targeted.

07:40 Regulation

AUSTRAC Suspends Cryptolink’s 96 Bitcoin ATMs for Three Months Over Compliance Failures

AUSTRAC suspends Cryptolink’s 96 crypto ATMs for three months Australia’s financial intelligence agency AUSTRAC has suspended Cryptolink’s registration from Aug. 9, taking its 96 Bitcoin ATMs offline for three months over compliance failures. The regulator cited missed threshold transaction reports, an unanswered information request, and ongoing concerns about the company’s handling of high-risk transactions; Cryptolink had previously paid a A$56,340 penalty over alleged reporting and risk assessment failures.

07:13 Regulation

Robinhood begins UK crypto rollout in main app using Bitstamp infrastructure

Robinhood starts UK crypto trading rollout in main app Robinhood has begun rolling out cryptocurrency trading to eligible UK customers, adding more than 50 tokens to its main investing app through Bitstamp, the exchange it bought for $200 million last year. The service launches with zero trading, custody, and account maintenance fees, though users will pay a 0.1% FX fee that rises to 0.3% for some weekend conversions. Bitstamp UK Ltd provides the trading service and is registered with the FCA as a crypto asset service provider.

06:11 Regulation

UK FCA works with banks on standards for tokenized gold in wholesale markets

FCA discusses tokenized gold standards with banks The U.K. Financial Conduct Authority is working with major banks and other market participants on standards for tokenized gold as regulators explore its use as wholesale collateral under existing market rules, including in uncleared OTC derivatives. Sixteen firms are already testing tokenized asset infrastructure in Britain’s Digital Securities Sandbox, and the FCA plans further policy this year on eligibility, ownership, custody and risk.

04:12 Regulation

South Korea Plans Crypto Shareholder Rule Exception for Minor and Vicarious Violations

South Korea FSC plans shareholder rule carveout for crypto firms South Korea’s Financial Services Commission said it plans to revise qualification screening for major shareholders of virtual-asset service providers, creating exceptions so criminal penalties would not automatically disqualify them when they stem from vicarious liability or minor legal violations. The move would align crypto rules with precedents under other finance laws as Seoul tightens shareholder checks for new registrations and three-year renewals.

22:10 Regulation

Brazil Sets 24-Hour Hold for Crypto Withdrawals Above $10,000 From 2027

Brazil to impose 24-hour hold on crypto withdrawals above $10,000 Brazil’s central bank will require crypto providers to delay certain withdrawals and transfers by 24 hours when a single transaction or cumulative daily amount exceeds $10,000, starting Jan. 1, 2027, as an anti-fraud and anti-money-laundering measure. The rule also covers fiat-backed stablecoins, and firms may apply the hold to smaller transfers if they detect fraud risk; after 24 hours, they must approve or reject the transaction and explain any delay.

09:42 Regulation

VALR CEO Says South Africa’s Draft Crypto Rules Could Push Activity Offshore

VALR CEO warns South Africa’s draft crypto rules could drive activity offshore VALR co-founder and CEO Farzam Ehsani said South Africa’s proposed cross-border crypto framework would hurt local digital asset firms and push transactions underground or offshore by restricting corporate cross-border crypto transfers and treating some self-custody wallet inflows as non-permissible. He said the draft from the National Treasury and SARB remains open for public comment until Sept. 30.

09:41 Regulation

Brazil to impose up to 24-hour holds on some crypto transfers from 2027

Brazil orders crypto transfer holds on some overseas and self-custody sends from 2027 Brazil’s central bank will require virtual asset service providers to hold certain crypto transfers for up to 24 hours starting Jan. 1, 2027, targeting fraud risks tied to foreign platforms and self-custody wallets. The rule covers funds received above $10,000 in a single transfer or across a day, as well as other transactions flagged under a provider’s risk policies; firms must notify customers and keep fraud records.

23:10 Regulation

Senate Schedules Sept. 15 Procedural Vote on CLARITY Act

Senate sets Sept. 15 procedural vote for CLARITY Act The U.S. Senate has lined up a potential Sept. 15 cloture vote on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act, putting the crypto market structure bill closer to floor debate. The vote would test whether the bill can advance for consideration, not pass it; H.R. 3633 cleared the House 294-134 and the Senate Banking Committee 15-9.

15:55 Regulation

Brazil to Require 24-Hour Hold on Some Crypto Transfers From January 2027

Brazil central bank orders 24-hour hold on some crypto transfers Brazil’s central bank has issued Resolution 584, requiring covered virtual asset service providers to hold transfers above $10,000 for up to 24 hours for fraud checks. The rule applies to transfers to foreign crypto entities and self-custody wallets, including stablecoin transactions, and takes effect on Jan. 1, 2027. After the review, institutions must release or reject the transfer.

06:40 Regulation

IMF says local stablecoins may end up strengthening demand for digital dollars

IMF warns local stablecoins could speed shift into digital dollars IMF First Deputy Managing Director Dan Katz said local-currency stablecoins may end up accelerating adoption of dollar-backed tokens, not reducing reliance on them, because users can swap between both on shared blockchain rails via DEXs, liquidity pools or P2P markets. In a speech in Cape Town, he said users may prefer digital dollars for liquidity, network effects and cross-border acceptance, and urged regulators to bring crypto onramps, offramps and onchain exchange points under supervision.

23:25 Regulation

US Treasury Sanctions Iranian Exchanges Shelbit and Aban Tether

US sanctions Iranian crypto exchanges Shelbit and Aban Tether The US Treasury on Friday sanctioned Iranian crypto exchanges Shelbit and Aban Tether, saying they helped the Islamic Revolutionary Guard Corps evade sanctions and move funds. OFAC also designated Shelbit founder Siavash Kayvanpour and said Shelbit processed over $1 million in crypto and pulled back more than $2 million from IRGC-linked wallets, while Aban Tether facilitated millions of dollars in transactions tied to already sanctioned Iranian platforms.

21:11 Regulation

Senate Pushes CLARITY Act Vote to September as Saylor Says Bitcoin Can Grow Without It

Senate delays CLARITY Act vote to September The US Senate has pushed the CLARITY Act vote to September after the summer recess, with Majority Leader John Thune saying it will be taken up when Congress returns instead of this week. The delay disappointed parts of the crypto industry, but Strategy founder Michael Saylor said Bitcoin “doesn’t need clarity” and can keep growing without the bill, a view also echoed by Bitwise CIO Matt Hougan.