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Regulations
FTX Proposes $4M Bonus Program as It Seeks to Retain Staff
The bankrupt crypto exchange wants to offer supplements up to 94% of salary to avoid sought-after coders quitting

FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm
The agreement requires approval from a Delaware bankruptcy court as the failed exchange seeks to raise funds for creditors.

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The U.S. President is expected to unveil his budget proposal on Thursday.

Crypto Bank Silvergate Announces 'Voluntary Liquidation'
The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from its auditors.

Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
Proof-of-reserve reviews aren’t audits, says the Public Company Accounting Oversight Board, and investors shouldn’t count on them.

UK’s FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO
Nikhil Rathi made the remarks in testimony in front of the Treasury Select Committee on Wednesday.

Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said

India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time
They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities.

AXA Investment Managers Gains French Crypto Registration
Crypto firms are in a race to pass the governance and money laundering checks monitored by the French financial market authority as new EU rules bed in.

No NFTs Are Securities – Yet, German Finance Officials Say
Classification of the ownership tokens as a financial instrument would imply licenses and money laundering supervision, according to regulator Bafin.
