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South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers
24.4.2024
South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading...
Philippines Securities Regulator Requests Apple and Google to Remove Binance Apps
24.4.2024
The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of its app, curbs the further spread of its unlawful...
SEC Delays Decision on Franklin Templeton’s Spot Ethereum ETF Application
24.4.2024
The fate of spot Ethereum ETFs hangs in the balance as the SEC announces a delay in its decision. This move reflects a cautious approach amidst growing interest and regulatory complexities surrounding crypto-based investment products. Dive deeper into the implications for the future of spot...
Binance exec will remain in Nigerian custody until May 17 bail hearing: Report
23.4.2024
The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17
SEC pushes decision on Franklin Templeton spot Ether ETF
23.4.2024
The commission will have until June 11 to decide on the Cboe BZX Exchange listing and trading shares of the Franklin Ethereum Trust
Bitcoin outperforms Tesla stock for the first time since 2019
23.4.2024
Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash
SEC Sued by Crypto Industry Groups Over Definition of ‘Dealer’ in Securities
23.4.2024
The Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the United States Securities and Exchange Commission (SEC), filing a lawsuit in the Northern District of Texas.
The post SEC Sued by Crypto Industry Groups Over Definition...
Kenya Establishes Multi-Agency Group To Lead Crypto Regulation
23.4.2024
Kenya is initiating efforts toward crypto regulation, with the government forming a multi-agency team that includes the central bank.
The post Kenya Establishes Multi-Agency Group To Lead Crypto Regulation appeared first on Cryptonews
Coinbase Board Member Kathryn Haun to Step Down – What’s Going On?
21.4.2024
Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced plans to step down from Coinbase's board.
The post Coinbase Board Member Kathryn Haun to Step Down – What’s Going On? appeared first on Cryptonews
New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
20.4.2024
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which...
Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers
19.4.2024
Singapore-based payments company Triple-A has announced plans to integrate PayPal's stablecoin into its list of supported tokens for customer payments.
The post Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers appeared first on Cryptonews
Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency
19.4.2024
The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied...
Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means
19.4.2024
Canada is set to implement the International Crypto-Asset Reporting Framework (CARF) for crypto tax reporting by 2026, as per the country's 2024 budget. The move will place new obligations on Canada crypto service providers, such as exchanges and ATM operators, to report transactions and customer...
SEC Chair Gary Gensler’s Social Media Post Led Some to Believe He Was Resigning
18.4.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s social media post expressing that “it’s been an honor to serve” as SEC chairman sparked speculation within the crypto community that he might be resigning from his position. Many people, including lawmakers, have...
Binance Secures Full Virtual-Asset Services Provider License in Dubai
18.4.2024
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license
Binance Set to Re-Enter Indian Market With $2 Million Fine Settlement
18.4.2024
Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $2-million fine, according to The Economic Times. The Indian...
UK Parliament Member Lisa Cameron Pushes For Greater Digital Skills Training, Blockchain Technology Partnerships
17.4.2024
UK Member of Parliament (MP) Lisa Cameron has called for increased digital skills training in order to increase the country’s “necessary talent pipeline,” the MP said in a debate Tuesday. Cameron's remarks come amidst the country's push to be at the forefront of Web3, AI, and blockchain...
Crypto-Skeptic Senator Sherrod Brown Open To Stablecoin Legislation, Bloomberg Reports
17.4.2024
Staunch crypto-skeptic Senator Sherrod Brown (D-H) is open to passing a stablecoin bill, a Tuesday report from Bloomberg reveals. Brown's willingness to advance the legislation comes amidst news of the introduction of Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand's (D-NY)...
Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins
17.4.2024
Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.
The post Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins appeared first on Cryptonews
Australian Regulator Says Crypto Is a Debenture That Requires Regulation
17.4.2024
The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls...