Government policy, laws and regulation shaping digital assets and the future of money.
The Financial Services Commission of South Africa (FSCA) has granted licenses to 59 bitcoin establishments that want to cater to the local populace. Only 199 of the 493 license applications that the FSCA received were complete, according to reports, leaving 262 pending. The FSCA’s regulatory body set a deadline of November 30th for cryptocurrency exchanges … Read more
Starting on April 10, Uniswap Labs implemented a new swap fee of 0.25%. On the same day, Hayden Adams, the creator of the company, said that they had received a Wells Notice from the US Securities and Exchange Commission (SEC). The most recent update from Uniswap Labs states that the cost is applicable to all … Read more
Reportedly, the Australian Securities and Investments Commission (ASIC) has initiated legal action against two cryptocurrency companies and their directors for operating without licenses in Australia. These companies are accused of being involved in a complex scheme that led to investors losing AU$160 million, equivalent to $104 million. ASIC claims that the NGS companies targeted Australian … Read more
Paul Grewal, chief legal officer of Coinbase, announced today in an X post that the company has filed a move to appeal a judge’s ruling from last month that permitted the SEC to pursue its action against them. If the appeal is accepted, the current trial may be put on hold while the Second Circuit … Read more
During a recent address at the Paris Blockchain Week, Ripple CEO Brad Garlinghouse emphasized the crucial need for regulatory clarity in the blockchain industry, particularly in light of the ongoing XRP lawsuit. Garlinghouse’s remarks have sparked considerable discussion within the cryptocurrency community, shedding light on Ripple’s stance on regulatory issues and the company’s strategic objectives. … Read more
The cryptocurrency community is coming together in support of Uniswap, a prominent decentralized exchange (DEX), following the issuance of a Wells notice by the US Securities and Exchange Commission (SEC). This notice indicates a possible enforcement action, heightening regulatory concerns within the rapidly expanding decentralized finance (DeFi) industry. Industry Leaders Unite; Uniswap Demonstrates Resilience Key … Read more
The Securities and Futures Commission (SFC) of Hong Kong has granted an expanded license to HashKey Capital, allowing the firm to extend its services to retail investors. This upgrade removes the previous restriction that limited its client base to professional investors only. HashKey Capital sees this regulatory approval as a potential pathway to introduce virtual … Read more
Paraguayan senators have put a pause on the proposed ban on cryptocurrency mining, and are now considering the option of selling surplus energy from the Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina. During a senate session on April 10, Senator Lilian Samaniego confirmed that there will be a debate … Read more
The decision by the U.S. Securities and Exchange Commission (SEC) regarding the approval or disapproval of the New York Stock Exchange’s introduction of options trading on spot Bitcoin (BTC) ETFs has been postponed. This action was announced by the regulator in a document dated April 8. The Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust … Read more
With Binance’s sudden restriction, many Filipino users are unsure about the future of their cryptocurrency assets. Paolo Ong, an attorney, talked about the impact of the Philippines Securities and Exchange Commission’s (SEC) decision to prohibit the exchange on its customers in a recent interview. There Is No “pointing Out” of Binance The SEC’s PhiliFintech Innovation … Read more