The Swiss crypto bank SEBA Bank AG has rebranded to AMINA Bank AG. This move, which was announced on November 30, 2023, has been described by the company as a new era of potential growth for its clients globally. Franz Bergmueller, the CEO of AMINA Bank AG, mentioned in a statement on Businesswire: " While we say goodbye to the SEBA name, we...

A class-action lawsuit against Terraform Labs and its Co-Founders will advance in Singapore. This follows a decision by the High Court to dismiss the defendants' appeal. It marked an important milestone in a case initiated by Julian Moreno Beltran and Douglas Gan on behalf of multiple parties, the Business Times reported. Following the collapse...

The US Securities and Exchange Commission (SEC) is actively engaging with asset managers in anticipation of a crucial decision on the approval of a bitcoin exchange-traded fund (ETF), as revealed in memos released this week.SEC's Postponements: Aiming to Address Multiple Bitcoin Fund ApplicationsIn a memo, the SEC disclosed a recent meeting...

The Brazilian Senate has passed legislation proposing an income tax on crypto gains from offshore exchanges, awaiting final approval from the country's president. This proposal is slated for potential enactment on January 1.The bill aims to introduce a levy of 15% on all earnings garnered from cryptocurrencies held on offshore exchanges, Cointelegraph...

In the complex realm of cryptocurrency regulation, the U.S. Treasury has boldly extended its reach, seeking expanded powers that transcend national borders. Deputy Secretary of the Treasury Wally Adeyemo's impassioned plea to Congress for extraterritorial control over stablecoins, notably targeting Tether, adds a layer of complexity to the...

A recent court ruling has granted FTX permission to sell approximately $873 million worth of assets held in trust. Around $700 million of these assets are from Grayscale's primary offering, the Grayscale Bitcoin Trust (GBTC). The approval, dated November 29 and issued by a bankruptcy court in Delaware, enables the defunct crypto exchange to...