Government policy, laws and regulation shaping digital assets and the future of money.
The US Supreme Court has dismissed Nvidia’s appeal to have a class-action lawsuit against the chipmaker thrown out. The lawsuit alleges that Nvidia misled investors about the extent of its sales to cryptocurrency miners. The court’s decision, issued without explanation, reinstates a lower court ruling that revived the 2018 lawsuit. This suit claims Nvidia concealed … Read more
The South Korean cryptocurrency sector has suffered a significant setback following the declaration of martial law in early December. The National Assembly has been forced to postpone all crypto-related legislative work, including the highly anticipated crypto tax, until at least mid-2025. Crypto Tax Delayed, Market Uncertainty Reigns One of the most immediate consequences of this … Read more
The Iranian government is shifting its stance on cryptocurrencies, moving away from outright restrictions and towards a more regulatory approach. This shift aims to mitigate the negative impacts of crypto while leveraging its potential benefits for the Iranian economy. Focus on Regulation and Economic Growth Iranian Minister of Economic Affairs and Finance, Abdolnaser Hemmati, stated … Read more
Solana’s popular memecoin platform, Pump Fun, has been banned in the United Kingdom following a warning from the Financial Conduct Authority (FCA). The FCA flagged Pump Fun for operating without the necessary authorization under UK financial laws, advising residents to avoid the platform due to the potential for fund losses. In response, Pump Fun blocked … Read more
The cryptocurrency lending sector is experiencing a notable rebound as lending activity in the first nine months of 2024 almost tripled compared to the same period last year, reaching $36.8 billion. Although this is still far from the heights seen in 2021, the growth highlights the sector’s resilience and the increasing confidence in cryptocurrency adoption. … Read more
The U.S. Securities and Exchange Commission (SEC) is intensifying its legal fight against cryptocurrency exchange Binance, its U.S. arm Binance.US, and former CEO Changpeng Zhao. The SEC accuses them of operating an unregistered securities exchange through the trading of BNB and ten other cryptocurrencies. The SEC’s Arguments: The SEC’s case hinges on the Howey Test, … Read more
Circle, the issuer of USDC, has achieved a significant milestone by becoming the first stablecoin to comply with Canada’s new regulatory framework for crypto assets. This achievement ensures USDC’s continued listing on Canadian crypto trading platforms beyond the December 31, 2024 deadline. By adhering to the Canadian Securities Administrators’ (CSA) Value-Referenced Crypto Asset (VCRA) framework … Read more
Russian President Vladimir Putin has recognized Bitcoin’s resilience, calling it “unstoppable” during a recent forum in Moscow. His comments highlight Russia’s growing embrace of cryptocurrency as the country faces ongoing economic sanctions. Putin’s statement reflects a shift in Russia’s stance toward digital assets, positioning them as crucial for economic resilience in the face of international … Read more
Circle’s USDC Gains Traction in Canada Circle Internet Financial, the issuer of the USDC stablecoin, has received regulatory approval from the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA). This significant development ensures the continued availability of USDC on registered Canadian crypto platforms. A Step Towards Regulatory Compliance and Global Adoption The approval … Read more
ASIC’s Proposed Licensing Regime The Australian Securities and Investments Commission (ASIC) is set to tighten its grip on the cryptocurrency industry with proposed new licensing requirements. This move aims to enhance consumer protection and market integrity, but it could also have significant implications for the country’s crypto ecosystem. Key Points of the Proposed Rules: Mandatory … Read more