The team discusses Binance's $4.3 billion settlement and criminal charges, alongside Kraken's SEC lawsuit over unregistered securities. They also cover the Australian Tax Office's controversial crypto tax guidance and Blur's new Blast chain launch.
Key Takeaways
- Binance settled with the U.S. Department of Justice and other federal authorities for $4.3 billion and pleaded guilty to various criminal charges.
- The SEC sued Kraken for failing to register its exchange. It also alleged 16 cryptocurrencies as being unregistered securities.
- The Australian Tax Office updated its non-binding guidance on the tax treatment of cryptocurrencies. This received backlash from several established industry participants.
- The team behind Blur announced Blast, a layer-two chain set to launch in February. This was one of the most significant project announcements of 2023 and will likely have various flow-on effects for certain altcoins.