The SEC Files Lawsuit Against Crypto Pyramid Scheme NovaTech
The SEC yesterday filed a lawsuit against NovaTech, a cryptocurrency company, and its co-founders Cynthia and Eddy Petion.
IRS Unveils an Updated Crypto Tax Form
The US IRS has recently released an updated version of Form 1099-DA, which will be used by brokers to report digital asset transactions to their customers starting in 2025.
Court Pospones Do Kwon’s Extradition Again
Do Kwon’s extradition from Montenegro has faced yet another delay. Montenegro’s appellate court had apparent final decision to extradite Kwon to South Korea, his country of origin.
France’s Regulator Starts Accepting Crypto Asset Service Providers Applications
The AMF, France’s financial markets regulator, is now accepting applications for crypto asset service providers (CASPs), six months before the implementation of Markets in Crypto-Assets (MiCA) regulations.
Futu Securities International Starts Offering Crypto Trading Services in Hong Kong
Futu Securities International, a prominent online brokerage based in Hong Kong, has recently launched cryptocurrency trading services for its retail clients.
Hong Kong’s Largest Brokerage Firm Launches Crypto Trading
Futu Securities International, the largest online brokerage in Hong Kong, recently announced that it now offers cryptocurrency trading for its 22 million customers.
SEC Charges BitClout Founder with Fraud
The US Securities and Exchange Commission (SEC) has accused BitCloud founder Nader Al-Naji of fraud for using investors’ funds to pay for luxuries, including rent for a mansion in Beverly Hills.
