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BitMEX Case Might Prompt a Closer Regulatory Look into DeFi


The latest crackdown on the world’s first crypto derivatives exchange, BitMEX, might turn the regulatory eye towards the decentralized finance (DeFi) space, said financial services platform BitOoda. "In our view, we will not be surprised if/when regulators take a closer look at DeFi platforms...

Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading


Following the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada....

EU to Launch Comprehensive Crypto Regulation by 2024: Report


The European Union is planning to implement comprehensive cryptocurrency regulation by 2024, two EU reports have reportedly revealed. This follows five European finance ministers calling on the European Commission to put in place “very strong and very clear rules” on cryptocurrency....

49 US States Unveil Unified Regulation for Cryptocurrency Firms


The Conference of State Bank Supervisors, representing regulators from all U.S. states and territories, has launched a new regulatory framework for payments and cryptocurrency companies. One Set of Rules for All US States Regulators in 49 U.S. states have agreed to a single set of supervisory rules...

A New ‘Wave of Regulatory Obligations’ Over Crypto Players in EU


In what is described as the most comprehensive regulatory framework for cryptoassets to date, a leaked EU draft document reveals that both issuers of cryptoassets and providers of related activities will have to make crucial choices as they face what is described by industry experts as a “wave...

Aave’s LEND Soars, Flips Maker as UK Regulatory Approval is Secured


Decentralized finance (DeFi) platform Aave’s LEND token is soaring in the crypto market today, after Aave’s UK business entity was finally granted an Electronic Money Institution license by the UK’s financial regulator yesterday. Furthermore, it flipped Maker (MKR) as the largest DeFi platform...

12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years


The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several...

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