Regulation

The recent EU anti-money laundering regulations (AMLR) have stirred up a contentious debate regarding the balance between combating financial crime and upholding citizens’ rights to privacy and economic freedom. Stakeholders from various sectors have expressed both criticism and support for the new laws, which were approved by most of the EU Parliament’s lead committees. The

WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, has recently received regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval came in the form of a charter to operate as a limited-purpose trust company under the New York Banking Law. The issuance

In a recent development, the Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This move marks a significant step forward for the cryptocurrency market, as these new listings are set to go live and

The recent regulatory filings from the US SEC have revealed a concerning delay in the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs). Investment firms like VanEck, Ark Invest, Hashdex, and Grayscale, along with Fidelity, have all faced setbacks in their attempts to launch Ethereum ETFs. This delay has sparked discussions within the

In a recent announcement, the UK Financial Conduct Authority (FCA) revealed its plans to recover costs amounting to $8 million for the supervision of stablecoins and cryptocurrencies. The FCA intends to impose fees on stablecoin issuers and digital asset custodians to recuperate these costs. The primary focus of the cost recovery plan is to reclaim

In recent news, US SEC chair Gary Gensler has spoken out against the deceptive practice known as “AI washing” within the financial sector. This unethical behavior involves making false claims about the use of artificial intelligence (AI) to manipulate stock prices and attract investors. Gensler’s strong stance against AI washing highlights the potential violations of

The recent ruling by a Federal High Court in Nigeria has directed Binance, a major cryptocurrency exchange, to furnish the Economic and Financial Crimes Commission (EFCC) with detailed information regarding all its Nigerian users. This decision comes amidst escalating tensions between Binance and Nigerian authorities over the past month. The root of this conflict can

The Asia Pacific region (APAC) has been making significant strides in the technology industry, particularly in the realm of Web3 innovation. One of the key driving factors behind this growth is the progressive regulatory stance taken by key jurisdictions in the region. Singapore, for example, implemented stablecoin regulation, setting clear standards for the crypto ecosystem

Grayscale recently filed an amendment to convert its Ethereum Trust into a spot exchange-traded fund (ETF), bolstering its initial filing with important updates. One key aspect of this amendment is the correlation analysis conducted by Coinbase, which indicates a strong correlation between the CME ETH futures market and the spot Ethereum market. This correlation has

The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning about the unlicensed operations of MEXC within its jurisdiction. The SFC mentioned that MEXC purports to be a virtual asset trading platform targeting Hong Kong investors, but it is not licensed by the regulatory body. As a result, MEXC has been