Government policy, laws and regulation shaping digital assets and the future of money.
A new legislative initiative introduced in the U.S. House of Representatives seeks to enhance collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on cryptocurrency regulation. Republican Congressman John Rose of Tennessee has proposed the “Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act” (BRIDGE Digital … Read more
In a decisive move to combat the escalating threat of cryptocurrency scams, the Commodity Futures Trading Commission (CFTC) has announced a new partnership with the American Bankers Association Foundation and the Securities and Exchange Commission (SEC). This collaboration aims to address the rising wave of fraudulent schemes, including the notorious “pig butchering” scams, which have … Read more
In a landmark move signaling enhanced regulatory coherence, the United Arab Emirates (UAE) has taken significant steps to streamline its approach to virtual asset regulation. The Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have signed a cooperation agreement aimed at fostering a unified regulatory framework for virtual asset service providers … Read more
On September 10, the UK’s Financial Conduct Authority (FCA) announced that Olumide Osunkoya has been charged with managing and operating a network of unregistered crypto ATMs. The charges include money laundering, document forgery, and possession of assets derived from illegal activities. Osunkoya, who ran the ATMs through his company Gidiplus Limited, is accused of processing … Read more
In a recent development, Singapore has launched an investigation into seven entities suspected of illegally offering services related to the buying or selling of Worldcoin accounts and tokens. This investigation underscores the growing regulatory scrutiny faced by Worldcoin, a cryptocurrency startup founded by OpenAI’s Sam Altman, which aims to use retina-scanning technology to create a … Read more
In a significant move to protect the burgeoning NFT industry, the Digital Chamber advocacy group has urged the U.S. Congress to enact legislation that would classify non-fungible tokens (NFTs) as consumer products rather than securities. This appeal comes in the wake of a Wells notice issued by the U.S. Securities and Exchange Commission (SEC) to … Read more
The Australian cryptocurrency market is poised for significant growth as potential investors await clearer regulatory guidelines, according to Jason Titman, CEO of the local crypto exchange Swyftx. Titman predicts that between two to six million Australians could enter the crypto market once regulatory uncertainties are resolved. Current Market Sentiment A recent survey conducted by Swyftx … Read more
In a recent legal development, a federal judge in Colorado has dismissed a class-action lawsuit against Atomic Wallet, citing insufficient grounds to establish jurisdiction over the Estonian cryptocurrency firm. The ruling, issued on September 10 by Judge Philip Brimmer, also affects key individuals associated with the company, including its CEO Konstantin Gladyshev, shareholder Pavel Sokolov, … Read more
As Donald Trump and Kamala Harris prepare to engage in their first presidential debate, the spotlight on cryptocurrency policy is expected to be dim, despite rising calls for clarity from both candidates. A recent Benzinga poll highlights that only 6% of respondents are keen on hearing the candidates discuss digital assets, with economic issues, job … Read more
Crypto-native financial services firm JST Digital has announced that its Singapore arm has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license will empower JST Digital to offer digital payment token services within the country. This approval comes on the heels of a significant surge … Read more