Doulitsa Press Release Submission

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Thailand Bans ‘Depository Services’, Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News

Source: Adobe/koldunova_annaGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation newsThailand's Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and lending services. According to a press release, the decision to ban "depository services", which includes paying

Source: Adobe/koldunova_annaGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation newsThailand’s Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and lending services. According to a press release, the decision to ban “depository services”, which includes paying returns to depositors, was made to protect traders from the risks associated with crypto lenders.SBI Digital Markets, a subsidiary of the digital asset arm of Japan’s financial services giant SBI Holdings, has been granted a Capital Markets Services (CMS) license to offer securities and futures trading services in Singapore, per an announcement. It plans to launch an institutional-grade digital asset securities platform that would allow traditional financial service operators to “capture growth opportunities” driven by the cryptoasset market.Legal newsThe Beijing Number One Intermediate People’s Court ruled that investors can trade cryptoassets, despite China’s ban on digital asset services, but that they should be treated as virtual assets and not act as a currency. The ruling was made in a case involving a crypto loan in litecoin (LTC) with a promise of paying interest in digital currencies.A US bankruptcy judge approved an order to appoint a neutral third party to examine the finances of troubled crypto lender Celsius (CEL), Bloomberg reported. The examiner will, among other things, look into how Celsius stores its crypto and whether various account types are commingled, court papers show. The examiner has not yet been selected.The US Securities and Exchange Commission (SEC) has sued a Chicago-based crypto merchant for an unregistered securities offering. They charged Chicago Crypto Capital LLC, its owner, Brian Amoah, and former salesmen Darcas Oliver Young and Elbert ‘Al’ Elliott for allegedly defrauding investors during their unregistered offering of crypto asset securities, said the document. The SEC seeks injunctive relief, disgorgement with pre-judgment interest, and civil penalties.The United States Treasury’s Office of Foreign Assets Control (OFAC) today issued sanctions against 10 people and two companies associated with a ransomware group tied to Iran’s Islamic Revolutionary Guard Corps (IRGC)—and blocked their Bitcoin (BTC) wallet addresses as well. Per an indictment, these individuals have been accused of conspiracy to commit fraud and related activity in connection with computers, intentional damage to a protected computer, and asking for monetary compensation in BTC.Controversial Australian computer scientist Craig Wright told a Norwegian court on Wednesday that he “stomped on the hard drive” that contained the “key slices” required to grant him access to Satoshi Nakamoto’s private keys, making it “incredibly difficult” to cryptographically prove he is the creator of Bitcoin, CoinDesk reported.Exchange newsCoinbase has partnered with fintech firm Broadridge Financial Solutions (BR) to improve buy-side liquidity for traders, according to a press release. The partnership will enable interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions’ NYFIX order-routing network.Coinbase users will be able to see which US politicians are “crypto-friendly” with a new in-app tool, CEO Brian Armstrong announced on Twitter. “Over time, we want to help pro-crypto candidates solicit donations from the crypto community (in

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