Government policy, laws and regulation shaping digital assets and the future of money.
In a recent development, a U.S. judge has issued a mixed ruling in the ongoing legal battle between the SEC and cryptocurrency exchange Binance. While a portion of the SEC’s lawsuit was dismissed, significant charges against Binance are allowed to proceed. Charges Moving Forward Unregistered Offerings and Sales: The SEC’s claims that Binance offered and … Read more
The Danish Financial Supervisory Authority (DFSA) has announced its intention to ban unregulated Bitcoin wallets within the country. This move is driven by growing concerns over illicit activities taking place on unsupervised cryptocurrency platforms. The DFSA has emphasized that all cryptocurrency platforms and service providers, including wallet providers and app developers, must be regulated to … Read more
In a significant policy shift, Bolivia has lifted its ban on cryptocurrencies, paving the way for authorized trading through electronic channels. The Central Bank of Bolivia (BCB) revoked the prohibition, which was put into effect in December 2020, on June 26, 2024. Financial institutions in Bolivia are now permitted to engage in cryptocurrency transactions, marking … Read more
The United Arab Emirates (UAE) has recently implemented a new regulatory framework for cryptocurrency payments. While this move aims to establish a more secure and transparent financial environment, it has also sparked concerns within the crypto industry. Increased Scrutiny The new regulations impose stricter requirements on cryptocurrency exchanges and businesses operating in the UAE. These include … Read more
The global cryptocurrency industry is on high alert as governments worldwide prepare their 2024 budgets, with potential implications for the rapidly evolving digital asset landscape. Industry leaders, investors, and enthusiasts are closely monitoring the evolving regulatory landscape, as any changes could significantly impact the future of cryptocurrencies. Key Areas of Focus Several key areas are … Read more
Terraform Labs, the company behind the troubled cryptocurrency ecosystem Terra, has reportedly reached a $4.5 billion settlement with the U.S. Securities and Exchange Commission (SEC) according to industry sources. This comes after months of scrutiny from regulators following the dramatic collapse of TerraUSD (UST), a stablecoin pegged to the U.S. dollar, and its native token … Read more
The European Union (EU) is poised to become a major player in the cryptocurrency landscape with the introduction of Markets in Crypto-Assets (MiCA) regulation. This framework aims to strike a delicate balance between fostering innovation and ensuring investor protection. MiCA represents a significant step for the crypto industry. It’s the EU’s first comprehensive regulatory framework … Read more
In a bold move, ConsenSys, a leading blockchain software technology company, has publicly refused to comply with the Internal Revenue Service’s (IRS) new cryptocurrency tax regulations and reporting requirements. The company argues that the regulations are overly complex, burdensome, and stifle innovation in the rapidly evolving digital asset space. The IRS recently released updated guidance … Read more
The European Union (EU) has taken a bold step towards regulating the cryptocurrency market with the introduction of the Markets in Crypto-Assets Regulation (MiCA) in 2023. This comprehensive framework marks a significant development, making the EU the first major jurisdiction to establish tailored rules for the crypto sector. MiCA’s arrival signifies a turning point, aiming to bring … Read more
Bankrupt Terraform Labs and its disgraced founder, Do Kwon, have reached a landmark $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) following a jury verdict finding them liable for defrauding cryptocurrency investors in the infamous collapse of TerraUSD (UST) and LUNA. The proposed final judgment, filed in a Manhattan federal court and … Read more