Government policy, laws and regulation shaping digital assets and the future of money.
The ongoing legal battle involving Nvidia and a group of investors has gained significant attention as the United States Justice Department (DOJ) and the Securities and Exchange Commission (SEC) have urged the Supreme Court to allow a class action lawsuit against the tech company to proceed. The lawsuit, which dates back to 2018, alleges that … Read more
Recent reports from CCData reveal a significant decline in Binance’s market share within the estimated $2 trillion cryptocurrency market, dropping from 42.7% at the start of 2023 to 36.6% currently. The exchange’s trading volume in the spot market has plummeted to 27%, marking its lowest level since January 2021. Additionally, its share of the derivatives … Read more
The Bank of Russia has recently addressed concerns regarding the introduction of the digital ruble, emphasizing that the new Central Bank Digital Currency (CBDC) will not lead to inflationary pressures in the economy. As part of its draft guidelines for the unified state monetary policy from 2025 to 2027, the bank reassured the public that … Read more
Taiwan’s Financial Supervisory Commission (FSC) is taking significant steps to strengthen its regulatory framework for cryptocurrency firms by drafting new anti-money laundering (AML) regulations. These new rules, aimed at virtual asset service providers (VASPs), come in the wake of amendments made to the existing laws in July and require compliance by the end of September … Read more
Starting October 31, 2024, cryptocurrency exchange Kraken will halt support for Monero (XMR) across all markets in the European Economic Area (EEA). This decision will affect several trading pairs, including those with the US dollar (USD), euro (EUR), Bitcoin (BTC), and Tether (USDT). The primary motivation behind this move is Kraken’s need to comply with … Read more
Pavel Durov, the founder and CEO of Telegram, has recently made headlines following his arrest for allegedly facilitating criminal activities on the platform. In a surprising revelation, Durov confirmed that Telegram has been disclosing user information, specifically IP addresses and phone numbers, since 2018. This disclosure has raised serious concerns within the cryptocurrency community, particularly … Read more
XRP has seen a significant downturn, dropping below $0.54 as the U.S. Securities and Exchange Commission (SEC) intensifies its legal battle against Ripple. This recent development has stirred apprehension throughout the cryptocurrency market, compounded by broader financial uncertainties tied to escalating conflicts in the Middle East. SEC’s Appeal Revives Legal Uncertainty for Ripple On October … Read more
Binance, one of the world’s leading cryptocurrency exchanges, has recently secured its 20th regulatory approval with its registration from Argentina’s National Securities Commission (CNV). This milestone allows Binance to launch its full range of services in Argentina, marking a significant step in the exchange’s commitment to establishing a robust presence in Latin America. A Commitment … Read more
Ripple, a prominent player in the crypto payments infrastructure sector, has made significant strides in its expansion plans by securing an in-principle license approval from the Dubai Financial Services Authority (DFSA). This approval enables Ripple to establish a foothold in the United Arab Emirates (UAE) and marks a crucial step toward offering its services in … Read more
The prosecution of Olumide Osunkoya marks a pivotal moment in the United Kingdom’s approach to cryptocurrency regulation. This case is notable as it represents the first prosecution under new money laundering and terrorist financing regulations, reflecting the authorities’ intensified scrutiny of the crypto sector. The Charges Against Osunkoya Osunkoya operated at least 11 crypto ATMs … Read more