The biggest news in the cryptoverse for Sept. 14 includes Binance CEO Changpeng Zhao’s comments on the MiCA framework, SEC Chair Gary Gensler reiterating his stance on most crypto being securities, and the blocking of Bitcoin wallets linked to an Iranian cybercriminal group.
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Binance’s CZ says Europe’s MiCA framework could be a global crypto regulation standard
Binance CEO Changpeng Zhao spoke at the Binance Blockchain Week on Sept. 14, saying that the proposed regulatory framework in the EU — Market in Crypto Assets (MiCA) — was “fantastic” and could be a global standard for crypto regulation.
MiCA’s proposed framework mandates crypto companies to apply for the same license to operate across the European Union. It also restricts access to dollar-backed stablecoins, which Zhao said would be the only thing that could change.
SEC Chair Gensler reiterates that ‘most crypto are securities’ before US banking committee
The Securities and Exchange Commission (SEC) chairman Gary Gensler said Sept. 15 that crypto intermediaries, like centralized and decentralized exchanges, would have to register with the SEC.
He said:
“Firms operating in other well-regulated markets that want to enter the crypto market (would have) to do so in compliance with time-tested investor protection rules, (while) existing crypto security intermediaries need to do so in compliance with investor protection rules as well.”
Gensler reiterated his belief that most crypto assets are securities in his testimony before the U.S. Senate Banking Committee.
US Treasury Department blacklists Bitcoin addresses linked to Iran ransomware group
The U.S Department of Treasury detected seven Bitcoin wallets that are linked to the members of Iran’s Islamic Revolutionary Guard Corps (IRGC). The IRGC has been launching ransomware attacks against the U.S since 2020.
The wallet addresses were blacklisted immediately and offered up to $10 million in rewards for any information that’ll lead to the arrest of the owners of these wallets.
LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
South Korea released an arrest warrant for Terra Luna founder Do Kwon, valid for one year. Luna dropped by 20% as soon as the arrest warrant was released.
#PeckShieldAlert $LUNA has dropped -20% https://t.co/rlzA0Miahb pic.twitter.com/z398HMOBgz
— PeckShieldAlert (@PeckShieldAlert) September 14, 2022
The token had increased by 80% in the last seven days. However, as…
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