DeFi Trader Joe hit with fresh lawsuit in trademark dispute
Trader Joe's sues DeFi Trader Joe over trademark violations and a brand confusion strategy, linked to a digital currency trademark dispute trend.
Latest decentralized finance News
BIS completes wholesale CBDC trial for FX, cross-border payments
In Project Mariana's proposed design, central banks do not need to control the underlying platform but will rely on smart contracts that follow industry best practices.
BIS concludes wholesale CBDC experiment for FX, cross-border payments
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot for cross-border FX transactions using blockchain.
CFTC says existing regulations sufficient for ‘crypto,’ pledges to crack down on DeFi
In a recent speech, CFTC Director Ian McGinley said the existence of DeFi exchanges is a threat to the markets as he pledged heightened crackdown.
IMF, FSB joint paper outlines digital asset policy recommendations
With the newly released joint paper, FSB and IMF encourage nations to "address data gaps necessary to understand the rapidly changing crypto-asset ecosystem."
DeFi firms Opyn, ZeroEx, Deridex face charges over illegal retail commodity offerings
The CFTC charged three DeFi protocols for illegally offering leveraged retail commodity transactions, with the regulator claiming using smart contracts doesn't exempt them from the law.
Treasury’s digital currency tax reporting rules aim to combat tax evasion in US
As the crackdown on tax evasion continues, the U.S. Treasury Department is lobbying for stringent regulations, which would include the disclosure of users' trading activity to the IRS.
Bipartisan bill introduced in US to regulate DeFi and combat digital asset crime
The Crypto-Asset National Security Enhancement and Enforcement Act of 2023 will require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms.
Digital asset regulation is incomplete, CFTC commissioner says
Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current enforcement actions are still incomplete.
Same risk, same regulation: France’s AMF calls for tougher DeFi oversight
DeFi can’t be ignored anymore, and authorities must regulate the sector to protect against risks such as money laundering and terrorist financing, says Autorité des Marchés Financiers.
Tornado Cash coin mixer’s governance lets its guard down, loses control
An unidentified attacker has assumed control of the Tornado Cash DAO governance after tricking users into approving a proposal that contained malicious code.
DeFi is subject to regulation, CFTC Chair Rostin Behnam says
The CFTC chair argued that decentralized digital asset exchanges will be regulated regardless of how they’re constituted—it’s just a matter of whether the CFTC or the SEC does it.