Crypto Regulation
Enforcement Decree for Crypto Protection Act Underway in South Korea
The South Korean government has taken a decisive step towards safeguarding virtual asset users and ensuring a secure trading environment in the crypto market. Under the Financial Services Commission, South...
Will the Federal Reserve Implement Further Tightening Policies?
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...
Europe’s Adoption of AI Regulations Becomes a Historical Achievement
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...
Congressman Grills SEC Representative on Crypto Regulation and Clarity
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...
The Current US Crypto Regulatory System is Unworkable: Expert
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...
India Unveils AML and CFT Rules Applicable to Overseas Exchanges
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...
Here Are Top Instances US Court Accused SEC of Hypocrisy, Inconsistencies
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...
Crypto Industry Should Self-Police, Says Kraken Co-founder
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...
Will the SEC Intervene in FTX’s Mission to Liquidate Assets?
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...
Podcaster and Renowned Attorney Expose SEC Chair’s ‘Dirty FTX Secrets’
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...
Crypto Oversight Battle Heats Up as CFPB Seeks Broader Control
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
47 Tax Authorities Commit to Crypto-Asset Reporting Framework
UK Regulators Unveil Plans to Regulate Stablecoins, Cite Risks to Financial Stability
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...
XRP Joins BTC, ETH, LTC; Ripple CEO Hails Dubai’s Approval
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...
Turkey Plans Fresh Crypto Legislation to Ease FATF Concerns
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...
Spain Fast-Forwards MiCA Adoption in Response to EU Pressure
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...
Bittrex’s Bankruptcy Filing Approved By US Courts
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...
Singapore Teams Up With Japan, Swiss, UK Bodies on Crypto Regulation
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....
Taiwan Proposes Draft Crypto Act; Legislation Clears In First Reading
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...
Hong Kong SFC Updates Virtual Asset Policy: Ensures Customer Protection
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...
Crypto Regulation: Is the SEC Acting for Investors or Wall Street?
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...
EU Regulator Warns Crypto Investors of Delayed MiCA Protections
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...
Global Banking Regulators Introduce New Rules for Crypto Asset Disclosure
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...
New IRS Rules May Shudder Crypto Industries, Says Coinbase
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...
The US Has Lost Its Way in Digital Assets Regulation: Lawyer
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...
