Legal framework

Bitcoin exchanges are “professional money launderers,” Swedish police say

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Swedish authorities, specifically the Swedish Police Authority and the Financial Intelligence Unit (FIU), have classified certain bitcoin (BTC) and cryptocurrency exchanges as “professional money launderers” following an analysis of services provided by illegal and unlicensed providers. This statement stems from the observation that these platforms have “criminal links and allow several people and criminal networks … Read more

Never before has there been more destructive and illegal leadership at the SEC

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Key facts: Tom Emmer calls Gensler “the most destructive chairman the SEC has ever had.” Patrick McHenry criticises the lack of clarity in regulations, and calls for precise definitions. As expected, the five commissioners of the US Securities and Exchange Commission (SEC) appeared before the House Financial Services Committee today. It was a hearing in … Read more

Cryptocurrency airdrops are securities for SEC, lawmakers demand explanation

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Key facts: For Gensler, airdropping is like giving away shares in a company. Lawmakers call for clarity from SEC on how it regulates crypto assets. The U.S. Securities and Exchange Commission (SEC) has made it clear that it considers cryptocurrency airdrops to be securities offerings and that companies distributing them could therefore be subject to … Read more

Spain tightens rules for confiscating cryptocurrencies from tax debtors

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The Spanish Council of Ministers approved, in a first round, a draft law that requires a series of changes to the tax laws that apply to the cryptocurrency sector. This, as part of the process of transposing the country’s laws to the new European Union (EU) directives. The proposed law, which establishes reporting obligations on … Read more

Brazilian prosecutors justify X’s closure on grounds of “national security”

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Brazil’s Attorney General’s Office, through prosecutor Paulo Gonet, presented arguments to the Supreme Federal Court (STF) to support the ban on the social network X (formerly Twitter), owned by Elon Musk, a measure that has generated controversy in the country. The statement by the Prosecutor’s Office comes in response to multiple demands that question the … Read more

Whether to ban CBDCs or not: the battle facing US authorities

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Key facts: The North Carolina Senate overrode a veto imposed by the state’s governor. The US is far from recommending or adopting a CBDC in any form, the Fed says. After state governor Roy Cooper vetoed a bill seeking to ban central bank digital currencies (CBDC) last July, the North Carolina General Assembly in the … Read more

Moscow Stock Exchange takes a step back and refuses to trade in cryptocurrencies

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Russian stock exchanges are ambivalent about plans to participate in the Russian government’s Bitcoin (BTC) and other cryptocurrency trading platform. This, in a context where President Vladimir Putin is increasingly giving further boost to its de-dollarization plan through various tools, including the creation of an official platform for trading cryptocurrencies and central bank currencies (CBDCs). … Read more