Government policy, laws and regulation shaping digital assets and the future of money.
According to the co-founder of Hashlabs Mining, bitcoin mining has made a “positive contribution to Paraguay’s trade balance,” and a ban might harm the country’s economy. If a recently proposed plan to outlaw cryptocurrency mining in the nation is approved by lawmakers, the Paraguayan economy may suffer more than $200 million in losses each year. … Read more
Brad Garlinghouse, the CEO of Ripple, expressed hope for the future of the cryptocurrency business. By the end of 2024, he projects that the entire market capitalization may have reached an astounding $5 trillion. Could US Regulation Lead to a Crypto Market Explosion? The first ever US-based Bitcoin exchange-traded funds (ETFs) and this year’s Bitcoin … Read more
This is the first license that Singapore has given to a cryptocurrency market maker. The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution license to cryptocurrency market maker and liquidity provider GSR. Currently, GSR possesses the license for Singapore’s Digital Payment Token Service, allowing businesses to purchase and trade “digital payment tokens,” … Read more
The first batch of applications for the Digital Securities Sandbox is expected to join in the fall of 2024, according to the Financial Conduct Authority and the Bank of England. In order to enable participants to test distributed ledger technology (DLT) for trading and settlement of digital securities like shares and bonds, the Bank of … Read more
In a recent speech, Gurbir Grewal spoke at the annual “SEC Speaks” conference hosted by the U.S. The shortcomings of the current compliance implementation methods in the bitcoin business were highlighted by the Securities and Exchange Commission (SEC). Speaking during the two-day event hosted by the Practicing Law Institute, he expressed his admiration for the … Read more
Commissioner Hester Peirce of the SEC chastised the agency for its handling of cryptocurrency regulation in a pretty dramatic and shocking move that has captured the attention of the financial and cryptocurrency worlds. Peirce was unruly in her doubts about SAB 121 during the Practicing Law Institute’s SEC Speaks event. She called the bill a “pernicious … Read more
Bitwise’s Chief Investment Officer, Matt Hougan, states that the Securities and Exchange Commission (SEC) is contemplating postponing the approval of eagerly awaited Ethereum exchange-traded funds (ETFs). Possible postponement of Ethereum ETF approval Bitwise introduced its spot Bitcoin ETF, the Bitwise Bitcoin ETF (BITB), on January 11. Since its launch, the ETF has experienced a rapid … Read more
United States District Judge Vince Chhabria has dismissed an antitrust lawsuit against Apple filed by customers of Venmo and Cash App. The lawsuit, filed in San Jose on November 17, 2023, accused Apple of engaging in anti-competitive practices within the iOS App Store. Plaintiffs alleged that Apple’s restrictive policies prevented competitors from implementing features like … Read more
RAK DAO’s DARe framework gives DAOs a legal wrapper to operate as recognised entities. What it does, why it matters, and the business-presence vs financial-services distinction.
In the midst of the legal storm encircling the prominent cryptocurrency exchange Binance, global soccer icon Cristiano Ronaldo, currently donning the jersey for the Saudi Arabian football club Al Nassr, has become embroiled in a proposed class-action lawsuit. According to a filing submitted to a United States district court in Florida on November 27th, plaintiffs … Read more