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Taiwan's Crackdown: Offshore Crypto Exchanges Must Comply or Exit


Taiwan is set to impose restrictions on offshore cryptocurrency exchanges operating within its jurisdiction unless they gain the required registration.  The country's Financial Supervisory Commission (FSC) has drafted ten guiding principles for virtual asset services providers (VASPs) to establish...

CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown


The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading. According to an official statement released on Thursday, these...

FASB Approves New Accounting Standards for Crypto Holdings


The Financial Accounting Standards Board (FASB) in the United States has given unanimous approval to new accounting standards for disclosure of cryptocurrency holdings.  The FASB, a non-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC), introduced these rules...

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