Government policy, laws and regulation shaping digital assets and the future of money.
Russia is set to tighten its grip on crypto exchanges as regulators seek to bring the industry under stricter control. The Financial Action Task Force (FATF) compliance is a key driver behind these regulatory efforts. Dmitry Kirillov, an educator at the Moscow Digital School, believes that regulating crypto exchanges is the next logical step for … Read more
The Securities and Exchange Commission (SEC) has officially announced its intention to appeal a recent court ruling in the ongoing Ripple XRP lawsuit. On October 16, 2024, the SEC filed a Form C, which has stirred up some confusion regarding the timing of the filing, as the court’s stamp indicates it was logged on October … Read more
The recent approval by the SEC to allow options trading on Bitcoin ETFs has sent ripples through the cryptocurrency landscape. For crypto enthusiasts and investors alike, this is a significant development that opens new avenues for engagement with Bitcoin-related products and could transform market dynamics. Big Decision by the SEC In a notable move, the … Read more
On October 17, the U.S. Securities and Exchange Commission (SEC) officially submitted Form-C, detailing its appeal in the ongoing Ripple vs. SEC case. This move sparked speculation across social media regarding whether the SEC had missed critical filing deadlines. However, it has now been clarified that the submission was timely. With the appeal in place, … Read more
Ireland is taking proactive steps to develop new cryptocurrency regulations in anticipation of the European Union’s forthcoming Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) legislation, set to take effect on December 30. Finance Minister Jack Chambers informed the cabinet about the urgent need for updates to existing crypto laws, according to a … Read more
In a move that underscores the increasing interest in cryptocurrency among Russian financial institutions, several leading banks are reportedly keen to join the Central Bank’s pilot program aimed at exploring crypto technologies. This initiative comes as Moscow actively seeks token-powered solutions to circumvent Western sanctions. Interest in New Technologies According to reports from Izvestia, these … Read more
In a significant legal move, Coinbase has filed a motion in a Washington, D.C. court, requesting partial summary judgment to obtain internal documents from the U.S. Securities and Exchange Commission (SEC). This lawsuit is aimed at compelling the SEC to disclose records related to its enforcement approach concerning cryptocurrency regulations. Importance of Internal SEC Documents … Read more
Dubai’s Virtual Assets Regulatory Authority (VARA) believes it has achieved an optimal balance in the licensing timeline for crypto-related applicants. In a recent interview with CoinDesk, Senior Director of Market Assurance Sean McHugh addressed perceptions that VARA might be overly lenient in its regulatory approach. As the most populous emirate in the UAE, Dubai is … Read more
Bitnomial, a crypto derivatives exchange company, has announced the upcoming launch of its Botanical platform, a U.S.-regulated perpetual futures trading platform. Botanical aims to provide a compliant alternative to decentralized exchanges (DEXes) and VPN-based workarounds commonly used for perpetual futures trading. Key Features of Botanical: Regulated Trading Environment: Botanical is regulated by the U.S. Commodity … Read more
A letter sent to the Financial Conduct Authority (FCA) by a former compliance consultant for a cryptocurrency platform has raised significant concerns regarding the operations of TikTok’s virtual currency segment. The letter suggests that TikTok’s current practices may fall under anti-money laundering (AML) laws, particularly due to its ability to convert virtual currency into real … Read more