SEC Requests More Funding to Regulate Crypto Sector
The U.S. Securities and Exchange Commission (SEC) has submitted its 2025 budget request, which will partly fund the securities watchdog’s...
Regulation
US Senators Push SEC to Stop Approving Spot Crypto ETFs — Say Other Crypto Markets Risker Than Bitcoin
Two U.S. senators have urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to refrain from approving additional crypto...
Dubai International Financial Centre Enacts Digital Assets Law
The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia...
Argentine Senate Passes Reform Creating Cryptocurrency Entities Registry
The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country....
Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office...
Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator...
Russia Regulates Use of Digital Assets for International Settlements
Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed...
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to...
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the...
SEC Chair Gensler Cautions About Crypto Investing — Warns ‘Thousands’ of Crypto Tokens May Be Securities
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned about crypto investing. “This is a highly speculative asset...
UK Watchdog Says It Will Not Object to Crypto ETN Listing Requests
The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch...
Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs
The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous...
SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of...
Worldcoin Ordered to Stop Operations in Spain
Worldcoin, the biometric identity project, has been banned from operating in Spain for up to three months, according to a...
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate...
Hong Kong Reiterates Unlicensed Cryptocurrency Platforms Will Be Expelled by June
Unlicensed cryptocurrency platforms will not be allowed to operate in Hong Kong starting next June, according to the Securities and...
Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease
South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs)....
House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services
The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121,...
Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls
The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional...
Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators
In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to...
CBDC Anti-Surveillance State Act Back in the Senate
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans...
Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce
Cryptocurrency exchange Kraken has shared what it called “the real story” of the lawsuit against it by the U.S. Securities...
