Regulation

Grayscale Investments, a leading digital currency asset manager, has taken a significant step towards listing shares of its popular Grayscale Bitcoin Trust (GBTC) on the NYSE Arca. The company filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), expressing its intention to register and issue shares under the GBTC symbol. This

The Council of the European Union (EU) has taken a significant stride in regulating crypto-assets by adopting a directive that aims to enhance cooperation amongst national taxation authorities. The announcement made on October 17, 2021, signals a proactive approach by the EU towards the rapidly digitalizing economy. The directive introduces comprehensive amendments to the EU’s

The European Securities and Markets Authority (ESMA) has issued a warning that investors in the European Union (EU) will not be protected under the bloc’s crypto asset market rules until the end of 2024 at the earliest. This delay in regulatory implementation leaves investors vulnerable to potential losses and lacking the benefits of EU-level oversight.

The Australian federal government has recognized the need for regulation in the cryptocurrency industry and is set to introduce new regulations requiring crypto exchanges to obtain a financial services license. This move comes in response to a series of international hacks and cases of poor risk management, including the collapse of U.S.-based crypto exchange FTX,

In a surprising turn of events, California Governor Gavin Newsom has approved a new cryptocurrency regulation bill that will come into effect in July 2025. The bill, known as the Digital Financial Assets Law, is set to establish a more stringent regulatory framework for crypto businesses operating within the state. Under this legislation, individuals and

In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has elected not to challenge a recent court ruling that deemed its rejection of Grayscale Investments’ proposal to launch a spot bitcoin exchange-traded fund (ETF) as unjust. The District of Columbia Court of Appeals in Washington reached a decision in August that

Urgency surrounds the implementation of recently proposed tax reporting rules for cryptocurrency brokers in the United States. U.S. Senators Elizabeth Warren and Angus S. King, Jr. have voiced their concerns to the U.S. Department of the Treasury and the Internal Revenue Service (IRS), urging them to expedite the enforcement of these regulations. The senators highlight

The Federal Open Market Committee (FOMC), during its September meeting, reaffirmed its dedication to raising interest rates. Despite this commitment, the FOMC acknowledged the complexities of the current economic environment. Inflation remains a significant concern, with many participants expressing discontent with the current levels. The committee’s efforts to combat post-pandemic inflationary pressures through aggressive rate

The Financial Conduct Authority (FCA) in the United Kingdom has placed restrictions on Rebuildingsociety.com, Binance’s local partner, regarding the approval of financial promotion content from unauthorized individuals. The FCA has instructed Rebuildingsociety.com to revoke any prior approvals granted to unlicensed entities and to notify its clients that it cannot endorse content from unauthorized individuals or

Elon Musk finds himself in a challenging scenario as he attempts to contest the U.S. Securities and Exchange Commission (SEC) in a legal battle. On October 5th, the SEC announced its intention to force Musk to comply with a subpoena and provide testimony regarding his acquisition of Twitter, now known as X. Despite receiving the