Government policy, laws and regulation shaping digital assets and the future of money.
The Securities and Futures Commission (SFC) of Hong Kong has granted an expanded license to HashKey Capital, allowing the firm to extend its services to retail investors. This upgrade removes the previous restriction that limited its client base to professional investors only. HashKey Capital sees this regulatory approval as a potential pathway to introduce virtual … Read more
Paraguayan senators have put a pause on the proposed ban on cryptocurrency mining, and are now considering the option of selling surplus energy from the Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina. During a senate session on April 10, Senator Lilian Samaniego confirmed that there will be a debate … Read more
The decision by the U.S. Securities and Exchange Commission (SEC) regarding the approval or disapproval of the New York Stock Exchange’s introduction of options trading on spot Bitcoin (BTC) ETFs has been postponed. This action was announced by the regulator in a document dated April 8. The Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust … Read more
With Binance’s sudden restriction, many Filipino users are unsure about the future of their cryptocurrency assets. Paolo Ong, an attorney, talked about the impact of the Philippines Securities and Exchange Commission’s (SEC) decision to prohibit the exchange on its customers in a recent interview. There Is No “pointing Out” of Binance The SEC’s PhiliFintech Innovation … Read more
According to the co-founder of Hashlabs Mining, bitcoin mining has made a “positive contribution to Paraguay’s trade balance,” and a ban might harm the country’s economy. If a recently proposed plan to outlaw cryptocurrency mining in the nation is approved by lawmakers, the Paraguayan economy may suffer more than $200 million in losses each year. … Read more
Brad Garlinghouse, the CEO of Ripple, expressed hope for the future of the cryptocurrency business. By the end of 2024, he projects that the entire market capitalization may have reached an astounding $5 trillion. Could US Regulation Lead to a Crypto Market Explosion? The first ever US-based Bitcoin exchange-traded funds (ETFs) and this year’s Bitcoin … Read more
This is the first license that Singapore has given to a cryptocurrency market maker. The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution license to cryptocurrency market maker and liquidity provider GSR. Currently, GSR possesses the license for Singapore’s Digital Payment Token Service, allowing businesses to purchase and trade “digital payment tokens,” … Read more
The first batch of applications for the Digital Securities Sandbox is expected to join in the fall of 2024, according to the Financial Conduct Authority and the Bank of England. In order to enable participants to test distributed ledger technology (DLT) for trading and settlement of digital securities like shares and bonds, the Bank of … Read more
In a recent speech, Gurbir Grewal spoke at the annual “SEC Speaks” conference hosted by the U.S. The shortcomings of the current compliance implementation methods in the bitcoin business were highlighted by the Securities and Exchange Commission (SEC). Speaking during the two-day event hosted by the Practicing Law Institute, he expressed his admiration for the … Read more
Commissioner Hester Peirce of the SEC chastised the agency for its handling of cryptocurrency regulation in a pretty dramatic and shocking move that has captured the attention of the financial and cryptocurrency worlds. Peirce was unruly in her doubts about SAB 121 during the Practicing Law Institute’s SEC Speaks event. She called the bill a “pernicious … Read more