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Hong Kong Financial Watchdog Cautions Against Floki, TokenFi Staking Schemes
26.1.2024
On Friday, Hong Kong’s securities regulator cautioned investors against “suspicious” staking schemes tied to Floki and TokenFi. Both tokens within the Floki ecosystem offer crypto staking. They claim yearly returns of between 30% and 100%, the Securities and Futures Commission...
US SEC Delays Decision on Grayscale’s Spot ETH ETF Application
26.1.2024
The U.S. Securities and Exchange Commission (SEC) delayed its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) on Thursday, as per a Reuters reported. A day before the US regulator had delayed...
South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’
26.1.2024
The head of enforcement at South Africa’s financial industry watchdog said on Jan. 24 that he expects the organization to decide the fate of 50 crypto firms’ license applicants in the coming weeks. The watchdog stated that from the more than 100 entities that applied for a license, 20 have since...
Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets
26.1.2024
The Swiss financial markets regulator has granted the digital asset infrastructure firm Taurus the approval which allows its retail users to “create an account and trade digital assets and tokenized securities.” Besides receiving the FINMA approval, Taurus said it will be admitting...
Bixin Applies for Crypto Exchange License With Hong Kong SFC
25.1.2024
Virtual asset trading platform Bixin has applied for a virtual asset trading platform license with Hong Kong Securities Futures Commission. So far, 13 crypto firms have applied for the similar license with the Hong Kong regulator. As per the official SFC website, virtual asset trading platform...
US IRS Reminds Taxpayers to Report all Crypto-Related Income
24.1.2024
Source:Adobe The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040. The question asks taxpayers to report cryptos received in 2023 as a reward, award...
Deutsche-backed Taurus Receives Green Light to Introduce Tokenized Securities for Retail Clients
23.1.2024
Fintech firm Taurus has received regulatory approval from Switzerland’s financial regulator to offer tokenized securities to retail clients. In a press release published January 23rd, Taurus announced that it had received regulatory approval from Switzerland’s Financial Market...
Denver Pastor Accused of Misappropriating $1.3 Million Raised via a Crypto Token Sale
23.1.2024
The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days....
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
23.1.2024
Ripple Labs has opposed the requests by the U.S. Securities and Exchange Commission (SEC) for post-compliant discovery concerning XRP. Ripple argued that the regulator’s requests are “untimely” and “the SEC has failed to justify each of its requests on...
Study: Potential Approval of Spot ETF Is Ethereum’s ‘Strongest Narrative Right Now’
22.1.2024
The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset’s “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum’s rally post-bitcoin...
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
21.1.2024
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors. Romance Scam...
Security Definition at the Core of Coinbase v SEC First Scuffle
19.1.2024
Coinbase, a U.S based cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) had their first scuffle as New York’s Judge Katherine Polk Failla weighted in on a motion to dismiss the case in which the regulator alleges the exchange was involved in facilitating the trade...
Canadian Regulator Proposes Rules for Crypto-Centric Public Investment Funds
19.1.2024
Source: Pixabay The Canadian Securities Administration (CSA), the country’s securities watchdog, has proposed new regulatory requirements for public investment funds that looks to invest in crypto assets. In a report released Thursday, the regulator announced certain rules that would restrict...
Thai Securities and Exchange Commission Lifts Restrictions on Digital Asset Investments
19.1.2024
Thailand’s securities regulator has removed investment restrictions on retail investors who invest in real estate-based digital tokens. The Thai Securities and Exchange Commission (SEC) said digital asset entities that want to diversify to other businesses need to get its approval first....
South Korea urges financial regulator to reassess Spot Bitcoin ETF
19.1.2024
Spot Bitcoin ETF applications have seen the light at the end of the tunnel in the US. The US SEC gave a green light last week, paving the way for ETFs of other crypto tokens. Talks are buzzing around town that Ether ETF could be the next offering, triggering the likes of BlackRock to make …
Coinbase Holds First Court Faceoff With SEC: Here’s What You Need To Know
17.1.2024
The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid their industry-defining lawsuit. Back in June, the market regulator sued Coinbase for listing a handful of “crypto-asset securities”...
Senator Elizabeth Warren Says SEC Is Wrong for Approving Spot Bitcoin ETFs
13.1.2024
U.S. Senator Elizabeth Warren has slammed the U.S. Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). She stressed that the securities regulator is “wrong on the law and wrong on the policy with respect to the bitcoin ETF decision.” Senator...
Ripple Faces SEC Pressure for Financial Transparency in Ongoing Legal Saga
12.1.2024
Source: Adobe / Dennis The legal battle between US-based blockchain payments firm Ripple and the US Securities and Exchange Commission (SEC) has taken a new turn as the SEC seeks to compel Ripple to disclose its financial statements for the years 2022-2023. The regulator filed the motion...
South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law
12.1.2024
Further review and consideration regarding crypto ETFs is planned, the regulator says