The UAE Exempts Crypto Transactions from VAT
The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but retroactively apply to...
Sorare charged for unlicensed gambling services in the UK
UK Gambling Commission charges Sorare for providing unlicensed gambling services. The United Kingdom’s Gambling Commission has been investigating Sorare for three years. Sorare denies wrongdoing,...
SEC charges TrustToken and TrueCoin for defrauding investors
SEC filed charges against TrueCoin and TrustToken over fraud and offering of unregistered investment contracts. TrueCoin issued the TrueUSD (TUSD) stablecoin, while TrustToken operated the...
New York man to pay $36 million for forex and crypto fraud
Federal court ordered William Koo Ichioka to pay $31 million in restitution and $5 million in monetary penalty. The New York resident was charged and...
SEC requests for more time to produce documents in Coinbase case
SEC reportedly seeks an extension to February 2025 for it to provide case documents to Coinbase. Coinbase, Binance and Kraken all facing SEC lawsuits. The...
UK introduces new bill clarifying crypto as personal property
UK’s new bill recognises Bitcoin and other digital assets as personal property. Under the new law, crypto owners will enjoy greater legal protection. The UK...
Uniswap hit with CFTC order over illegal crypto derivatives trading
Uniswap hit with order by CFTC for illegal trading in digital asset derivatives The decentralized exchange will pay $175,000 in civil monetary penalty and is...
SEC charges fund adviser Galois Capital over crypto custody failures
The SEC has charged investment adviser Galois Capital with crypto custody violations, including holding of investor assets on FTX. Galois Capital has settled with the...
OpenSea gets Wells Notice from SEC
The US Securities and Exchange Commission has issued a Wells Notice to OpenSea, the largest NFT marketplace. OpenSea co-founder Devin Finzer says the NFT platform...