UK Introduces Draft Legislation for Crypto Industry
British regulators have come up with a draft legislation to bring some clarity and customer protection to the UK crypto sector.
Crypto regulation
SEC to Dismiss Case Against Coinbase, Close Opensea Investigation
The U.S. regulator SEC eased its stance on crypto-related institutions under the new administration, agreeing to dismiss the long-standing legal battle against Coinbase and drop the investigation of the Opensea NFT market.
US to Form National Digital Asset Stockpile
The new President administration intends to position the U.S. as a leader in the crypto sector, aiming to establish a strategic national digital asset stockpile, potentially comprising cryptocurrencies lawfully seized by the federal government.
Landmark Tax Ruling: Bitcoin Investor Ordered to Surrender Crypto Keys
The landmark ruling came after the Bitcoin investor failed to report large gains from cryptocurrency trading.
Cryptocurrencies as Legal Tender: Pros and Cons
While many countries in the world are shunning away from cryptocurrencies, banning them altogether or strictly limiting crypto opportunities, El Salvador and CAR have experimented with introducing Bitcoin as legal tender, and the small Caribbean nation of St. Maarten considered legalising TRON. Which approach is better and what are the benefits and drawbacks of adopting […]
Crypto.com Launches U.S. Custody Trust Company
Crypto.com exchange expands its institutional services in the U.S. with the dedicated entity – Crypto.com Custody Trust Company.
UK Banking Regulator Requests Data on Crypto Exposure
British regulator wants local UK firms to provide information about their current and expected future crypto asset exposures as well as the application of the Basel framework for the prudential treatment of crypto assets.
First UAE Stablecoin Gets Final Approval Before Launch
AE Coin, the first regulated stablecoin in the UAE pegged to the local dirham currency, has received the final licence from the Central Bank of the UAE and is scheduled for the soon-to-come launch.
BitOasis Secures VASP License in Dubai
BitOasis can now offer a full range of crypto trading services in Dubai upon receiving a full virtual asset service provider (VASP) license.
Australian Fintech Faces Contraction, Blockchain Hit Hardest
Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.
SEC Sues Touzi Capital for Misleading Investors
According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.
Gemini Launches Crypto Services in France
US-based crypto exchange Gemini launched its services in France about a year after obtaining a digital asset service provider (DASP) registration.
South Korea to Monitor Cross-Border Crypto Transactions
New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.
Qatar Launches Digital Asset Regulations
A comprehensive regime for regulating and creating digital assets will enable safe and transparent custody arrangements, transfer and exchange of cryptocurrencies in the Qatar Financial Centre (QFC) in Doha.
Crypto.com Launches Global Retail Services Through Its Dubai Hub
The launch of Crypto.com global retail services is enabled by Standard Chartered’s tailored banking solutions and the forward-thinking regulatory framework of Dubai’s Virtual Assets Regulatory Authority (VARA).
SEC Targets NFT Market OpenSea
The United States Securities and Exchange Commission (SEC) has reportedly sent a Wells notice to the OpenSea marketplace, suggesting that non-fungible tokens (NFTs) are securities.
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