The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA)...
Tag: Regulatory
Crypto Bank Sygnum Singapore Secures Additional Regulatory Approval
Sygnum Singapore – a subsidiary of Switzerland’s Sygnum Bank – received in-principle approval from the country’s top financial regulator to conduct three additional activities. These include providing...
Binance Resumes EUR & GBP Payments after Months of Regulatory Crackdown
Binance exchange has announced it will be resuming deposits and withdrawal services for Euro (EUR) and the British Pounds (GBP) months after it suspended the services for its users. The trading platfo...
U.S. Senator Ron Wyden Warns Against Regulatory Clampdown on Crypto
Ron Wyden, U.S. Senator from Oregon and Chair of the U.S. Senate Committee on Finance, has warned against the regulatory crackdown on bitcoin and crypto. Meanwhile, the Biden Administration is at the ...
Bitcoin price rejection at $39K and mounting regulatory concerns tank the market again
Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will...
US Regulatory, SEC, investigating NFT Industry: Over Securities Violations
The Securities and Exchange Commission (SEC) in the United States is apparently investigating a young sector of the digital asset business for potentially illegal crypto-asset offerings. The goal of t...
Crypto Couple’s Victory Against The IRS Comes At The Cost Of Regulatory Clarity
Internal Revenue Service federal building Washington DC USA getty What Happened In May 2021, a Tennessee couple, Joshua Jarrett & Jessica Jarrett (Jarretts), filed a complaint with the IRS arguing...
Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances
Circle, a major crypto payments infrastructure provider and stablecoin issuer, on Friday announced that it postponed the launch of its anticipated decentralized finance (DeFi) application programming ...
US Regulatory Agency Probes NFT Industry Over Possible Securities Violations: Report
The U.S. Securities and Exchange Commission (SEC) is reportedly launching an investigation into a nascent sector of the digital assets industry over crypto asset offerings that potentially violate the...
Circle delays its DeFi API product, citing need for regulatory guidance
Quick Take Stablecoin issuer and crypto payments company Circle has delayed its DeFi API product. The product had planned to allow companies easier access to DeFi lending protocols such as Compound o...
Major crypto firms’ UK business at stake as regulatory clock ticks down
The UK’s government has brought forward legislation to crack down on “dirty money,” as geopolitical tensions escalate following Russia’s invasion of Ukraine last week. Due to be read out in Parliament...
Using Regulatory Reporting to Improve Your Business Processes and Revenue
Often firms view complying with regulation as solely an obligation to avoid penalties and fines. However, have you considered how compliance can not only improve your business processes but add to you...
Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions – Regulation Bitcoin News
Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for cry...
US regulatory agency seems near to lose the lawsuit against Ripple
Ripple has been fighting with the United States Securities and Exchange Commission (SEC). After several ruling, the case seems in favor of the fintech firm. Notably, a former executive from the agency...
Indian Regulatory Body Issues Guidelines for Crypto and NFT Ads Indian Ad Body Issues Guidelines for Crypto, NFT Ads
The ASCI said that the guidelines will be enforced from April 1, 2022, and advertisers must ensure that their previous ads don’t appear in the public domain without the new disclaimer. Ads Must Have a...
As Binance is under regulatory scrutiny in Israel, what could this mean for the value of the BNB token?
BNB BNB/USD is a cryptocurrency that Is used as a means of paying for transaction and trading fees on the Binance cryptocurrency exchange. It is a utility token, and holders of the token can pay fees ...
DeFi may turn to DAO governance to reduce regulatory risks in 2022: Report
KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto indu...
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report – Coinotizia
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. Th...
Binance Hit by More Regulatory Scrutiny, This Time in Israel
Key Takeaways Binance has come under scrutiny from Israel’s Capital Market Authority. In response, the exchange has halted marketing activities to Israeli citizens and removed several accessibility fe...
DIA Extends its Web3 Data Offering With Regulatory Compliant Reference Rates in Collaboration with Kraken Subsidiary CF Benchmarks
The cooperation will make CF Benchmarks’ host of digital asset indices available to the wider crypto-native ecosystem and enable robust and regulated access to institutional-grade index data for the d...
Binance stopped ‘all activities focused on Israel’ following regulatory request: Report
Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing. According to a Thursday repo...
Israel’s Securities Regulatory Chief Lays Out Crypto Plans
The ISA is looking to attract blockchain-based solutions that can improve the infrastructure supporting the securities and sovereign debt markets in Israel with the hackathon. The securities regulator...
Coinbase Hires Former SEC Official as VP of Global Regulatory Policy
The leading cryptocurrency trading venue appointed Scott Bauguess as the newest member of its policy team. The American spent 11 years as a top executive at the US Securities and Exchange Commission (...
A review of digital asset regulatory compliance through acquisitions
February 15, 2022, 1:41PM EST • 11 min read Quick Take A look at which states require virtual currency licenses to transmit cryptocurrencies Coinbase taking defensive measures in surrendering BitLicen...
Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets – Coinotizia
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interes...
Estonia Grants a Regulatory License to Plus500
Plus500 was founded in 2008. Since then, it has earned a good reputation in the broker industry, especially for foreign exchange and contracts for differences. Headquartered in Israel, Plus500 holds l...
Plus500 Gains a New Regulatory License in Estonia
London-listed Plus500 (LON: PLUS) has gained a new license from the Estonian regulator, the Financial Supervision Authority (FSA). It will allow the company to operate as an investment firm and offer ...
NH Governor Signs Executive Order to Bring ‘Regulatory Certainty’ to Cryptocurrency Industry – Regulation Bitcoin News
The governor of the U.S. state of New Hampshire has signed an executive order establishing a commission on cryptocurrencies and digital assets. “Federal and state governments must work to bring legal ...