Friday, July 21 - Top Crypto News

The UK government has rejected a proposal to regulate cryptocurrency like gambling, insisting it's a financial service. Terraform Labs, facing legal issues with its co-founder, has appointed a new CEO, Chris Amani. Kuwait's Capital Markets Authority...

Episode 99 of the Good Morning Crypto podcast, hosted by ARCARO, titled "Friday, July 21 - Top Crypto News" was published on July 21, 2023 and runs 3 minutes.

July 21, 2023 ·3m · Good Morning Crypto

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Summary

The UK government has rejected a proposal to regulate cryptocurrency like gambling, insisting it's a financial service. Terraform Labs, facing legal issues with its co-founder, has appointed a new CEO, Chris Amani. Kuwait's Capital Markets Authority has issued an absolute ban on major cryptocurrency operations. FTX, a bankrupt crypto exchange, is suing its former CEO, Sam Bankman-Fried, for allegedly misappropriating over $71 million for personal gain. Meanwhile, crypto trading platform Bitget is expanding into the Middle East, with plans to hire up to 60 new staff and explore opportunities in Bahrain and the UAE.

Episode Description

The UK government has rejected a proposal to regulate cryptocurrency like gambling, insisting it's a financial service. Terraform Labs, facing legal issues with its co-founder, has appointed a new CEO, Chris Amani. Kuwait's Capital Markets Authority has issued an absolute ban on major cryptocurrency operations. FTX, a bankrupt crypto exchange, is suing its former CEO, Sam Bankman-Fried, for allegedly misappropriating over $71 million for personal gain. Meanwhile, crypto trading platform Bitget is expanding into the Middle East, with plans to hire up to 60 new staff and explore opportunities in Bahrain and the UAE.

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