Regulation

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

The US Consumer Financial Protection Bureau (CFPB) is taking a closer look at the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. This move comes in response to the recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX, which have highlighted the vulnerability of the crypto market. The EFTA regulations

Binance, one of the largest cryptocurrency exchanges in the world, recently announced the launch of a new subpage specifically designed for its UK customers. This move comes as a response to the changing regulations within the UK’s Financial Promotion Regime. The new subpage, accessible at www.binance.com/en-GB, will cater exclusively to local residents, offering a range

Tech mogul Elon Musk, known for his outspoken nature, has once again made headlines by calling for a comprehensive overhaul of the main securities regulator and other agencies in the United States. In a recent tweet, Musk expressed the urgent need for reform, stating that punitive action should be taken against those individuals who have