Regulation

Two U.S. Senators, Elizabeth Warren and Angus S. King, Jr., have stepped up their efforts to prompt the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to expedite the implementation of proposed tax reporting rules for cryptocurrency brokers. In a joint letter to the regulators, the senators expressed their concerns regarding the

The Federal Open Market Committee (FOMC) held a meeting in September to discuss the current economic environment and its impact on monetary policy. Despite facing a complex set of challenges, the committee confirmed its commitment to raising interest rates, with many participants anticipating at least one more increase in the near future. One of the

The United Kingdom’s Financial Conduct Authority (FCA) has taken action against Binance’s local partner, Rebuildingsociety.com. The FCA has prohibited Rebuildingsociety.com from approving financial promotion content from unauthorized individuals or entities. The regulator has instructed the company to revoke any previous approvals granted to unlicensed entities. In addition, Rebuildingsociety.com must inform its clients that it cannot

Elon Musk finds himself in a difficult situation as he attempts to contest the U.S. Securities and Exchange Commission (SEC). The SEC recently announced legal action against Musk seeking to compel him to comply with a subpoena related to his acquisition of Twitter (now X). Despite receiving the subpoena in May, Musk attempted to avoid

On October 5th, Elon Musk, the owner and Chief Technology Officer of X (formerly Twitter), took to Twitter to voice his opinion on the state of the United States’ regulatory agencies. In a tweet, Musk called for a comprehensive overhaul of these agencies and the establishment of a commission to punish individuals who have abused

The Bank for International Settlements (BIS) and central banks within the Eurosystem have joined forces to launch an innovative project called Project Atlas. This proof of concept aims to delve into the economic impact of crypto assets and decentralized finance (DeFi). Through a collaborative effort between the BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank,

Kenya’s Ad hoc committee has conducted investigations into the actions of Worldcoin, a company accused of mining data from Kenyans through the scanning of their irises in exchange for cryptocurrency tokens. The committee, led by Narok West MP Gabriel Tongoyo, has alleged that Worldcoin’s activities constitute acts of espionage and pose a threat to the

In a recent filing on September 22nd, it has been alleged that the co-founders of the now-defunct Terra blockchain project had planned to carry out fraudulent transactions during the development of the project. The Securities and Exchange Commission (SEC) claimed that Terraform Labs, the company behind the Terra blockchain, collaborated with a payments app called

Crypto exchange Coinbase has made a significant breakthrough in the global financial market by receiving regulatory approval from the Bermuda Monetary Authority (BMA). This approval allows Coinbase to offer perpetual futures to non-U.S. retail customers, furthering its mission to modernize the global financial system. This move demonstrates Coinbase’s commitment to providing economic freedom and opportunity

Ripple’s chief legal officer, Stuart Alderoty, has made a bold claim regarding the upcoming appearance of Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, before the Senate Committee on Financial Services. Alderoty argues that Gensler may make misleading statements during his testimony. Specifically, he suggests that Gensler might assert the existence of a

The U.S. Securities and Exchange Commission (SEC) has once again deferred its decision on a major spot Bitcoin exchange-traded fund (ETF), causing further delay and uncertainty for investors. The SEC’s filing on Sept. 26 acknowledged the proposal for the approval and listing of the ARK 21Shares Bitcoin ETF by Cboe BZX. While the filing was

The U.S. Securities and Exchange Commission (SEC) has raised concerns over a reorganization plan put forth by the bankrupt cryptocurrency firm Celsius. The plan involves enlisting Coinbase, a prominent crypto exchange, to act as a distribution agent in order to return funds to affected users. However, the SEC argues that Coinbase’s role goes beyond the

Hong Kong’s Securities and Futures Commission (SFC) has implemented new measures in response to the fallout from the JPEX incident, aiming to strengthen investor protection and enhance regulation in the cryptocurrency industry. These measures include the publication of a comprehensive list of licensed Virtual Asset Trading Platforms (VATPs), the launch of a fraud prevention publicity

India’s crypto ecosystem has received a glimmer of hope following the conclusion of the G20 summit. The summit, which represents the most influential economies worldwide, has fully endorsed the recommendations from the IMF and FSB as a Synthesis paper. These guidelines aim to provide a clear path for the policy and regulatory framework for crypto