Daily Archives: July 5, 2022, 1:49 pm

Brazil Gets Crypto-Dedicated Investigation Unit to Expedite Probes, Stir Awareness | Technology News

Brazil is taking active measures to ensure that crypto-related crimes in the nation are tackled with dedicated precision. The public prosecution office of Brazil’s central-western Federal District is behind the launch of this cryptocurrency investigation unit. The newly formed wing will also contribute in driving education and awareness around the crypto sector in the nation. The development comes at a…

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UK regulator appoints new digital assets director to oversee crypto

The UK’s Financial Conduct Authority (FCA) has appointed the director of the multi-agency National Economic Crime Command (NECC) as its new director of payments and digital assets. The regulator announced the appointment of Matthew Long in a release on Tuesday, amid a raft of other senior moves. The role is newly-created and will oversee e-money, payment and crypto-asset markets and lead…

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The SEC Expects You To Read This… : TheCorporateCounsel.net Blog

Specifically, the SEC order emphasized that company lawyers had received several “general client bulletins, legal alerts, and case summaries” about the Commission’s 21F-17 enforcement activity. In addition, the company’s regular outside employment counsel attached an alert as a “client memo” to an email they sent to the General Counsel and other lawyers involved with the employment agreements, which predicted more…

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Bank of England Committee Calls for Enhanced Crypto Regulation to Limit Contagion

The Bank of England’s Financial Policy Committee called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Noting recent market turmoil, the committee said crypto assets did not yet pose a threat to the wider financial system. They might, however, in the future as they become more integrated into mainstream finance, according to meeting summary notes…

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Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals – WSJ

The platform, Vauld, said Monday that it froze the operations after users pulled almost $200 million over the last three weeks. A sharp decline in cryptocurrency prices that began with the collapse of two cryptocurrencies in May has spooked traders and caused knock-on effects in the digital asset world. Crypto broker Voyager Digital temporarily suspended trading, deposits, withdrawals and loyalty rewards…

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