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Transak Secures FINTRAC Registration in Canada and US Money Transmitter License in Delaware

Transak Secures FINTRAC Registration in Canada and US Money Transmitter License in DelawareTransak has recently obtained regulatory licenses in Canada and Delaware, solidifying its presence in North America’s cryptocurrency markets. Transak Expands Regulatory Reach in the U.S. and Canada Transak, a Miami-based Web3 payments platform, has achieved two regulatory milestones in both Canada and the United States. In Canada, Transak has registered with the Financial Transactions and […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Russia’s Sweeping Crypto Mining Regulations Take Effect, Setting Strict New Rules

Russia’s Sweeping Crypto Mining Regulations Take Effect, Setting Strict New RulesRussia’s sweeping crypto mining regulations took effect Nov. 1, transforming the industry with strict energy caps, mandatory registration, and stringent oversight. Russia’s Crypto Law Takes Effect, Sparking Changes in Energy and Oversight On Nov. 1, the Russian government introduced a regulatory framework for cryptocurrency mining, marking the implementation of a law signed by President Vladimir […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDTThai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one civilian after a Chinese-Vanuatu citizen filed a complaint accusing them of staging a fake arrest and extorting 165,000 USDT. The Chinese […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Immutable Hit With Wells Notice as SEC Extends ‘Overreach’ to Web3 Gaming

Immutable Hit With Wells Notice as SEC Extends ‘Overreach’ to Web3 GamingWeb3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC). The notice alleges, but does not specify, violations of securities laws and […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Urgent Plea to Trump and Harris: Create Welcoming Crypto Policy to Keep US on Top

Urgent Plea to Trump and Harris: Create Welcoming Crypto Policy to Keep US on TopThe CEO of Paxos has issued an urgent letter to both Trump and Harris, urging them to pursue immediate crypto reforms to preserve U.S. financial leadership. Urgent Crypto Reform Needed: Trump and Harris Face a High-Stakes Decision The CEO of blockchain infrastructure firm Paxos, Charles Cascarilla, issued an open letter to Vice President Kamala Harris […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Coinbase finds FDIC discouraging banks from offering crypto banking services in over 20 instances

Coinbase reveals over 20 FDIC letters advising banks against crypto services, with CLO Paul Grewal advocating for transparency in FOIA filings.

The post Coinbase finds FDIC discouraging banks from offering crypto banking services in over 20 instances appeared first on Crypto Briefing.

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Judge pushes Tornado Cash co-founder trial to April 2025

Roman Storm, currently free on bail and facing three federal charges, will have another four months to prepare for his criminal trial.

Tornado Cash co-founder and developer Roman Storm won’t stand trial for money laundering and sanctions violation charges until April 2025.

In a Nov. 1 telephone conference for the United States District Court for the Southern District of New York, Judge Katherine Polk Failla ordered Storm’s trial adjourned until April 14, 2025. The Tornado Cash co-founder’s legal team had been petitioning to dismiss his charges, claiming they were based solely on him writing code for the cryptocurrency mixing service.

In 2023, prosecutors charged Storm and Tornado co-founder Roman Semenov with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money-transmitting business. The indictment prompted outrage from many in the crypto industry.

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Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Another XRP ETF Filing Lands at the SEC as Interest in Crypto ETFs Heats Up

Another XRP ETF Filing Lands at the SEC as Interest in Crypto ETFs Heats UpWith a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles. Another XRP ETF Filing Drops, Turning Up Pressure on the SEC 21shares, an asset management firm specializing in digital assets, filed a registration statement for the “21shares Core XRP Trust” with […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

How the US Fed thinks a Bitcoin ban could preserve deficit spending

A ban on Bitcoin? Even the suggestion as part of a thought experiment is bound to chafe the crypto community.

Bitcoin has been called many things, but a “balanced budget trap” is probably not one of them. Or at least not noticeably — until now.

A recent paper published on the Federal Reserve Bank of Minneapolis website suggests that Bitcoin (BTC), or something like it, could one day force the United States federal government to balance its budget.

That would arguably vex policymakers and legislators because they want to keep all their spending options open in case of serious emergencies, like a COVID-19 pandemic or a recession. A burst of spending can stimulate an economy, after all.

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Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA