Government policy, laws and regulation shaping digital assets and the future of money.
Malaysian Prime Minister Datuk Seri Anwar Ibrahim is exploring the possibility of establishing a cryptocurrency policy that could recognize the industry and modernize the nation’s financial system. During a recent visit to Abu Dhabi, Anwar discussed a potential crypto regulatory framework with officials and Changpeng “CZ” Zhao, the founder of Binance. Anwar emphasized the need … Read more
The US Securities and Exchange Commission (SEC) has extended its review of the Bitwise 10 Crypto Index ETF proposal to March 3, 2025. This delay, while expected, underscores the SEC’s meticulous approach to regulating cryptocurrencies. The Bitwise ETF, aiming to track the top 10 cryptocurrencies by market capitalization, including Bitcoin, Ethereum, and Solana, has … Read more
Robinhood, the popular brokerage platform, has agreed to pay a $45 million settlement to the U.S. Securities and Exchange Commission (SEC) to resolve allegations of regulatory violations. The SEC investigation revealed that Robinhood failed to maintain accurate records of customer interactions, filed incomplete or inaccurate reports of trading activity, and failed to promptly report … Read more
South Korea has officially commenced discussions to develop the second phase of its crypto regulatory framework, aiming to finalize the legislation within the second half of this year. The country’s Financial Services Commission (FSC) convened a meeting on Wednesday to outline the key priorities for the upcoming bill. Vice Chairman Kim So-young emphasized the urgency … Read more
Tether’s USDT, long the dominant stablecoin, is facing increased competition from USDC and FDUSD. USDC gains momentum: USDC’s supply surged by $954 million in the past month, surpassing USDT’s growth. Analysts attribute this to the positive impact of MiCA regulations, which have favored USDC issuers. FDUSD thrives in BTC trading: FDUSD commands 48% of BTC … Read more
Mudrex’s recent decision to temporarily halt crypto withdrawals, while met with initial backlash, underscores a fundamental truth in Web3: robust compliance is the bedrock of trust. Navigating the complex regulatory landscape, particularly in India, demands a proactive approach. This move, while challenging, reflects Mudrex’s commitment to upgrading its compliance framework and safeguarding user assets. This … Read more
The US Supreme Court has ruled against Binance in a class action lawsuit, rejecting the crypto exchange’s argument that US courts lack jurisdiction over the case. The lawsuit, filed by former investors, alleges that Binance illegally sold unregistered tokens and failed to disclose the risks associated with certain low-cap cryptocurrencies. Binance argued that US securities … Read more
New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris has announced the launch of the Transatlantic Regulatory Exchange (TRE), a groundbreaking program designed to foster collaboration and knowledge sharing between financial regulators. The TRE will see senior staff from NYDFS and the Bank of England exchange roles for six months, beginning in February. This … Read more
Robinhood Securities LLC and Robinhood Financial LLC have agreed to pay a combined $45 million in civil penalties to settle charges brought by the Securities and Exchange Commission (SEC). The charges stem from a series of regulatory failures, including violations of reporting and recordkeeping requirements, cybersecurity lapses, and deficiencies in short-selling practices. SEC Cites … Read more
Indian cryptocurrency exchange Mudrex has announced a temporary halt on cryptocurrency withdrawals, effective immediately. The exchange stated that this measure is being taken to implement crucial compliance upgrades and enhance platform security. “We are temporarily pausing cryptocurrency withdrawals to ensure our platform adheres to the evolving regulatory landscape,” said at Mudrex. “This proactive step is crucial for … Read more