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Crypto Lender Nexo Secures First Regulatory Victory in Dubai
5.3.2024
Nexo, a company offering digital asset services, has won initial approval as a licenced entity in Dubai from the region's Virtual Assets Regulatory Authority (VARA), it announced Tuesday
Hong Kong’s SFC Issues Warning on BitForex Amid Crypto Scam Allegations
4.3.2024
On March 4, Hong Kong's financial watchdog, the Securities and Futures Commission (SFC), issued a public notice about the cryptocurrency exchange BitForex over alleged fraudulent dealings. BitForex, although based in Hong Kong, does not possess the license required by the country's regulatory...
Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’
4.3.2024
Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s...
Bitcoin Price Prediction as $25 Billion Floods Into BTC Market – Time to Buy?
3.3.2024
With $25 billion pouring into the BTC market and Bitcoin trading at $62,000, is it the prime time to invest? Regulatory shifts and tech advancements hint at a bullish future.
The post Bitcoin Price Prediction as $25 Billion Floods Into BTC Market – Time to Buy? appeared first on Cryptonews
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms
1.3.2024
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax
SEC Commissioner Says Agency is in “Enforcement-Only Mode” When Regulating Crypto
1.3.2024
SEC Commissioner Hester Peirce has said that the regulatory agency is currently operating in an "enforcement-only mode" when it comes to the regulation of cryptocurrencies.
The post SEC Commissioner Says Agency is in “Enforcement-Only Mode” When Regulating Crypto appeared first...
Chamber of Digital Commerce Files Brief on Behalf of Kraken in Controversial SEC Case
29.2.2024
Crypto advocacy group the Chamber of Digital Commerce has thrown its support behind Kraken in its battle against the United States Securities and Exchange Commission (SEC), according to a February 27 court filing. The brief marks the latest stage in Kraken's legal saga with the federal agency...
Portofino Technologies Obtains FCA’s Approval to Offer Crypto Services
28.2.2024
Portofino Technologies has announced that its UK entity received the regulatory permit to act as a registered crypto asset firm.
The post Portofino Technologies Obtains FCA’s Approval to Offer Crypto Services appeared first on Cryptonews
SEC to “Ramp Up in Enforcement and Regulatory Actions” in 2024, New Report Reveals
27.2.2024
The United States Securities and Exchange Commission (SEC) will continue to “ramp up” its ruling-by-enforcement approach in 2024, Norton Rose Fulbright’s 2024 FinTech Outlook released this past week reveals.
The post SEC to “Ramp Up in Enforcement and Regulatory Actions” in 2024,...
Bitcoin Miner Riot Warns of Profit Risks Due to Chip Shortage and Climate Regulations
26.2.2024
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate...
Bitcoin Price Prediction: Legal Victory & Regulatory Clarity Push; Next Target $55,000?
25.2.2024
Bitcoin's resilience shines as it eyes $55,000 amidst legal victories and calls for regulatory clarity—setting a cautiously optimistic outlook.
The post Bitcoin Price Prediction: Legal Victory & Regulatory Clarity Push; Next Target $55,000? appeared first on Cryptonews
Binance Implements Price Cap for USDT on Nigerian P2P Platform to Comply with Local Regulations
21.2.2024
Binance has introduced a price cap for Tether (USDT) tokens on its peer-to-peer (P2P) platform in Nigeria in order to comply with local regulatory requirements.
The post Binance Implements Price Cap for USDT on Nigerian P2P Platform to Comply with Local Regulations appeared first on Cryptonews
CME Group Expands Derivatives to Micro-Euro Bitcoin and Ether Futures
20.2.2024
CME Group announces plans to launch Micro Bitcoin Euro and Micro Ether Euro futures in March, pending regulatory approval. The move will provide investors with greater tools to manage their crypto exposure as the adoption of digital assets continues to rise. CME Group cites the success of previous...
Japan Unlocks Opportunities for Domestic Venture Capitalists to Invest in Web3 Startups
19.2.2024
Japan unlocks new opportunities for domestic venture capitalists to invest in Web3 startups. The move clears regulatory hurdles that previously forced Web3 companies to look overseas for funding. This shift is expected to stimulate innovation and drive Japan's position in the Web3 sector.
The post...
South Korea’s Ruling Party Seeks Cryptocurrency Tax Delay as Election Promise
19.2.2024
South Korea’s ruling People Power Party is advocating for a two-year postponement of the taxation on gains from cryptocurrency investments. The move is seen as a potential campaign promise for the upcoming general election scheduled for April. The party aims to prioritize establishing...
U.S. Regulators Can Influence Tether’s Offshore Usage: JPMorgan
17.2.2024
Tether’s (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The stablecoin is vulnerable due to its dependence on the American market and pending...
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
16.2.2024
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that,...
Jupiter’s Compliance Team Blocks Crypto ETP Investment: Report
16.2.2024
Jupiter Asset Management’s compliance team blocked its team from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking investment was due to, “divergent regulatory approaches in the EU.”...
Debt Box Urges Utah Federal Judge to Reject SEC’s Motion to Dismiss Enforcement Action
15.2.2024
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic...
US Treasury to Discuss Crypto Finance Concerns at Congressional Hearing
14.2.2024
The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks. In his prepared testimony for the House Financial Services Committee, Brian Nelson, Treasury’s Under Secretary for Terrorism...