The crypto community is anticipating a volatile week ahead considering two catalytic events, the US CPI Report and the FOMC meeting. While the US Consumer Price Inflation report for November...
The European Union has become the first major world power to adopt phenomenal rules to regulate Artificial Intelligence (AI). Following 36 hours of “marathon talks,” the Council Presidency and the...
In a recent congressional hearing, U.S. Congressman Tom Emmer engaged in a heated exchange with Valerie Szczepanik, the Head of the Strategic Hub for Innovation and Financial Technology at the...
According to Austin Campbell, founder and managing partner of Zero Knowledge Consulting, the current regulatory system for practitioners in the digital assets industry is unworkable. Campbell stated this while testifying...
The Indian government, under the Ministry of Finance, has tackled the regulation of overseas crypto exchange platforms and Virtual Digital Assets (VDAs) catering to Indian users. Per a disclosure from...
Recently, the U.S. court ordered the SEC to explain why it should not be sanctioned for making false and misleading representations to the court. The court previously accused the SEC...
Following the recent $4.3 billion fine imposed on Binance by the U.S. Department of Justice and a lawsuit from the U.S. Securities and Exchange Commission (SEC) against Kraken, co-founder Jesse...
The crypto community has been abuzz with the Securities and Exchange Commission’s (SEC) increasing scrutiny of crypto companies. However, Parrot Capital, a popular voice in the crypto space, recently shook...
Attorney Gerard Scimeca, chairman of Consumer Action for a Strong Economy (CASE), has commented on the U.S. Securities and Exchange Commission’s (SEC) chairman’s approach to crypto regulation amid the agency’s...
The U.S. Consumer Financial Protection Bureau (CFPB) has joined the list of U.S. regulators that seek to claim a share of crypto oversight responsibilities. In a recent statement, the CFPB...
47 Tax Authorities Commit to Crypto-Asset Reporting Framework
The U.K. financial regulators, including the Bank of England (BoE) and the Financial Conduct Authority (FCA), have released discussion papers outlining plans to regulate stablecoins. These proposals are part of...
Ripple (XRP), after a victorious court ruling affirming its non-security status, has recently gained approval from a Dubai regulatory body to be used by financial institutions in their transactions, joining...
The Turkish Finance Minister, Mehmet Simsek, on Tuesday said the country plans to introduce fresh crypto-assets legislation to improve its standing before the Financial Action Task Force (FATF). The FATF...
Crypto firms registered in Spain would be required to apply the EU crypto law, Markets in Crypto Assets (MiCA) Act, by December 2025, according to reports. That would mean that...
Judge Brendan Shannon approved the liquidation of crypto exchange Bittrex at a hearing in Delaware on Monday, October 30, permitting the company to proceed with its bankruptcy plans. The approval...
The Monetary Authority of Singapore (MAS) announced on October 30 that it has partnered with authorities in Japan, Switzerland, and the United Kingdom to foster digital asset innovation and adoption....
In an update earlier today, Taiwan proposed a draft crypto act for its first reading. According to official documents, the proposal – which is aimed at governing cryptocurrency assets successfully...
The Hong Kong SFC has restructured its regulatory approach to virtual assets, introducing new updates to the virtual asset policy. The new policy restricts the sale of complex virtual asset...
Forbes contributor and long-time crypto advocate Sam Lyman, in a recent interview, accused the U.S. Securities and Exchange Commission of not protecting retail investors’ interests in its regulation of crypto...
In a recent statement, the European Securities and Markets Authority (ESMA) provided crucial clarifications regarding the timeline for implementing the Markets in Crypto-Assets Regulation (MiCA). The ESMA first highlighted that...
The Basel Committee of Banking, regulated by the world’s main financial centers, proposed a standardized format for major banks to disclose their holdings of crypto assets. The proposal would be...
According to the new tax gap projections for 2020 and 2021 released by the Internal Revenue Service (IRS), the “tax gap” in the United States has surpassed $600 billion in...
Ripple’s General Counsel, Stuart Alderoty, thinks the United States has lost its way in digital assets regulation. According to him, the US lost its way by allowing politics and power...
Paradigm files an amicus brief in the SEC lawsuit against Binance. The platform points out the SEC’s “capacious” and “unreasonable” norms, highlighting the need for Congressional authorization. Per their official...