US SEC to Move Away from Requiring Crypto Firms to Register as Trading Systems, Chief Says

The acting chief of the US Securities and Exchange Commission said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms. The SEC in 2022 proposed requiring some crypto firms to register as alternative trading systems, … Read more

ED Seizes ‘Biggest’ Crypto Fund Worth Rs. 1,646 crore in PMLA Case

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a “mega” money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in … Read more