Government policy, laws and regulation shaping digital assets and the future of money.
Korean regulators are facing growing pressure to approve cryptocurrency exchange-traded funds (ETFs) following the recent approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Local media reports indicate that the SEC’s decision on Ethereum may prompt Seoul’s financial regulators to reconsider their stance on digital assets. The SEC approved Ethereum … Read more
The cryptocurrency landscape in Hong Kong is experiencing significant shifts following the recent announcement that OKX, a leading global cryptocurrency exchange, is withdrawing its application for a Virtual Asset Service Provider (VASP) license. OKX will cease to provide trading services to local residents by May 31, marking a significant turning point for the local market. … Read more
Hong Kong-based cryptocurrency exchange Gate.HK is shutting down due to its failure to meet the local licensing requirements set to be enforced from June 1 onwards. The Securities and Futures Commission of Hong Kong (HKSFC) mandated that all crypto exchanges in the region must obtain an operational license. Exchanges that didn’t apply for a license … Read more
In a significant ruling this year, the United States Securities and Exchange Commission (SEC) has approved the introduction of spot Ether exchange-traded funds (ETFs) in the country. On May 23, the SEC sanctioned the 19b-4 filings from companies such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise, thereby permitting the … Read more
Calling all crypto enthusiasts! The wait for Ethereum ETFs just got a little shorter, but the party hasn’t quite started yet. In a move that sent ripples through the cryptocurrency world, the US Securities and Exchange Commission (SEC) finally approved applications for spot Ethereum ETFs on May 24, 2024. What’s a Spot Ethereum ETF? Think of a gold ETF. It … Read more
The Irish branch of Ramp Network, a crypto infrastructure firm based in the UK, has successfully obtained registration as a virtual asset services provider (VASP) in Ireland, as stated in a press release on Thursday. Ramp Network specializes in financial technology, constructing payment networks that link cryptocurrency to the global financial system. This registration will … Read more
Montenegro recently hosted a meeting between its authorities and representatives from the US Securities and Exchange Commission (SEC) to address concerns regarding Do Kwon, the founder of Terraform Labs, responsible for the UST algorithmic stablecoin and crypto asset LUNA’s fluctuations. Led by Gurbir Grewal, Director of Investigations, the SEC delegation included Davisid Hirš, Head of … Read more
The Nigerian Federal Inland Revenue Service (FIRS) has alleged that the Nigerian Correctional Service did not produce Binance executive Tigran Gambaryan at the Federal High Court in Abuja for his tax evasion trial. As reported by local media, Tigran Gambaryan, the detained Binance executive, did not appear in court on May 22 as scheduled for … Read more
A noteworthy event for the cryptocurrency sector occurred as the First District Court of Appeals in Florida issued a unanimous decision against a permanent prohibition on Binance, the largest cryptocurrency exchange globally. As per a report from Bloomberg Law, the court concluded that the state’s financial regulators had failed to adhere to appropriate protocols when … Read more
Nigeria’s National Information Technology Development Agency (NITDA) has announced the restructuring of the National Blockchain Policy Steering Committee (NBPSC) to review the policies governing the implementation of the country’s National Blockchain Policy. The Director-General of NITDA, Kashifu Inuwa, conveyed this news through Oladejo Olawunmi, the Director of IT Infrastructure Solutions at NITDA, during a three-day … Read more