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Estonia Approves Bill to Regulate Crypto Service Providers
22.3.2024
Estonian government has passed a legislation that shifts crypto oversight to the Financial Supervision Authority (FSA) starting 2026.
The post Estonia Approves Bill to Regulate Crypto Service Providers appeared first on Cryptonews
Ripple And SEC File Sealing Proposal In Forthcoming Remedies Brief
20.3.2024
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York. It aimed...
House Committee on Financial Services Explores Need for SEC Reform Amid Concerns Over Gensler’s Leadership
20.3.2024
House Committee members grilled SEC Chair Gary Gensler over concerns about regulatory overreach and lack of transparency. Calls for SEC reform are mounting, with critics citing insufficient feedback periods and a focus on social justice initiatives over the agency's core mission. Ranking member...
Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations
20.3.2024
Several supporters have joined Coinbase Inc. in its legal battle against the U.S. SEC to urge the agency to reconsider its stance on crafting specific regulations for the cryptocurrency industry.
The post Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations...
British Virgin Islands Sets Sights on Becoming Global Hub for Digital Assets
20.3.2024
The British Virgin Islands (BVI) is aiming to become a major hub for digital asset activities. To achieve this, the territory is working to execute rules and systems that would enable participation in the expanding digital asset market.
The post British Virgin Islands Sets Sights on Becoming Global...
Argentina Regulator Outlines Plans to Police Crypto Exchanges
20.3.2024
The top Argentinian financial regulator says it plans to “supervise” the Latin American nation’s crypto service providers.
The post Argentina Regulator Outlines Plans to Police Crypto Exchanges appeared first on Cryptonews
Paradigm Supports Coinbase’s Case Against the SEC, Files Amicus Curiae Brief
19.3.2024
Paradigm has filed an amicus curiae brief supporting Coinbase in its legal battle against the SEC. The crypto investment firm argues that the SEC's refusal to provide clear regulatory guidance for digital assets is hindering compliance efforts and pushing businesses overseas. Coinbase's case...
Pro-Crypto Lawmaker Targets Leadership of House Financial Committee in Next Term
19.3.2024
Representative French Hill of Arkansas, who currently chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has set his sights on assuming the leadership of the full committee.
The post Pro-Crypto Lawmaker Targets Leadership of House...
South Korean Regulators Discuss Crypto Regulation with ASEAN, OECD Officials
19.3.2024
South Korean regulators talked to officials from ASEAN, the Association of Southeast Asian Nations, and the OECD about crypto policy in Seoul on March 18.
The post South Korean Regulators Discuss Crypto Regulation with ASEAN, OECD Officials appeared first on Cryptonews
Russian Government to Create Crypto Confiscation Platform
19.3.2024
The Russian government is planning to build a platform that will allow the nation’s law enforcement agencies to seize and hold crypto they confiscate from criminals.
The post Russian Government to Create Crypto Confiscation Platform appeared first on Cryptonews
Binance Launches Internal Investigation Following Reports of BOME Insider Trading
18.3.2024
Binance has initiated an internal investigation in response to mounting concerns and community discussions regarding potential insider trading associated with Book of Meme (BOME).
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Pressure Mounts on Biden to Assist in Release of Detained Binance Executives
17.3.2024
There has been mounting pressure on the Biden administration to intervene and secure the release of the detained Binance executives.
The post Pressure Mounts on Biden to Assist in Release of Detained Binance Executives appeared first on Cryptonews
Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
17.3.2024
The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be submitted alongside license applications from...
Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit
16.3.2024
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing...
Democratic Senators Urge SEC Chair Gensler Against Crypto ETF Approvals, Cite “Significant” Risks
15.3.2024
Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are pushing United States Securities and Exchange Commission (SEC) Chair Gary Gensler to “strictly limit” the approval of crypto-based ETFs. The senators claim that further approval of crypto ETFs in the U.S. could pose "significant"...
What Happens Next in COPA vs Craig Wright Trial is Down to the Judge
15.3.2024
The Crypto Open Patent Alliance is seeking several court injunctions from Wright
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
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South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March
15.3.2024
A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities...
Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy
15.3.2024
Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy.
The post Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy appeared first on Cryptonews
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
14.3.2024
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain...