Government policy, laws and regulation shaping digital assets and the future of money.
In a move to tighten control over the burgeoning cryptocurrency sector, Argentine regulators are reportedly focusing their attention on third-party resellers of Worldcoin (WDC). This development comes amid growing scrutiny of the project within the Latin American nation. Worldcoin, a crypto project that aims to create a global digital identity system based on iris scans, … Read more
Tether, the issuer of the world’s most popular stablecoin USDT, has come under scrutiny from European regulators. The controversy stems from Tether’s continued issuance of large amounts of USDT – reportedly over 1 billion tokens every month. This rapid token creation has raised concerns about the stability of USDT, which is pegged to the US … Read more
Zimbabwe, a nation grappling with economic challenges, is taking a proactive approach towards cryptocurrencies. According to a recent report, the Zimbabwean government has opened a public consultation process, seeking comments from citizens and stakeholders on how to regulate the crypto industry. This move signifies a potential shift in Zimbabwe’s stance on crypto. While the country … Read more
Zipmex, a prominent cryptocurrency exchange in Thailand, has suffered a major blow after losing its operating license from the country’s Securities and Exchange Commission (SEC). This decision comes amidst mounting financial strain for the exchange, raising concerns for its users and the broader Thai crypto market. The specific reasons for the SEC’s action haven’t been … Read more
A recent development in the cryptocurrency world has sparked speculation that China might be reconsidering its strict stance on cryptocurrencies. The rumors began when Bybit, a prominent offshore cryptocurrency exchange, unexpectedly opened registrations and authentication for users in China. This move is noteworthy because Bybit had previously banned Chinese users from accessing its platform due … Read more
The American Securities Association (ASA), representing regional financial services firms, has taken legal action against the Securities and Exchange Commission (SEC) for allegedly failing to comply with the Freedom of Information Act (FOIA). The lawsuit, filed in a Florida district court, aims to compel the SEC to provide documents related to its investigations into unmonitored … Read more
The cryptocurrency sector faces potential regulatory shifts that could significantly impact the trajectory of Ripple and its associated cryptocurrency, XRP. Clearer regulations have the potential to enhance XRP’s adoption and use in financial transactions, particularly in cross-border payments, given Ripple’s focus in this area. Ripple’s legal dispute with the U.S. Securities and Exchange Commission regarding … Read more
ProShares, a prominent issuer of exchange-traded funds (ETFs), has submitted a proposal to the New York Stock Exchange (NYSE) to list and trade spot Ethereum (ETH) ETF shares. This initiative underscores ProShares’ dedication to broadening its range of digital asset products, offering investors a regulated and secure avenue to access Ethereum exposure. Staking Guidelines for … Read more
Despite ongoing efforts to crack down on illegal mining operations, the Paraguayan Congress might soon vote on a new bill aimed at regulating Bitcoin mining. The bill, proposed by lawmaker María Constancia Benítez, is said to be business-friendly and emphasizes the potential of Bitcoin mining to drive economic and technological progress in Paraguay. Will Bitcoin … Read more
The SEC’s Salt Lake City office is scheduled to close. The office gained notoriety in the cryptocurrency industry for its unsuccessful lawsuit against DEBT Box. Its employment had significantly decreased, with several departing because of their alleged involvement in the crime. The SEC will have ten regional branches instead of eleven as a result of … Read more