As the landscape of online gambling evolves with the infusion of cryptocurrency, regulators face pressing challenges in adapting their frameworks. Recently, France’s National Gaming Authority (ANJ) has taken a significant step in this direction by considering restrictions on Polymarket, a prominent cryptocurrency-based prediction market that allows users to wager on a variety of global events.
Regulation
The recent victory of Donald Trump in the US presidential elections has stirred excitement in the cryptocurrency market. Among industry experts, Matthew Hougan, the Chief Investment Officer of Bitwise, has articulated a vision in which a new administration could usher in a “Golden Age of Crypto.” This outlook is largely predicated on the anticipated shift
The asset management firm 21Shares has become the latest participant in the competitive race to establish spot exchange-traded funds (ETFs) focused on XRP. On November 1, the company submitted its S-1 registration form to the U.S. Securities and Exchange Commission (SEC), aiming to list its Core XRP Trust shares on the Cboe BZX Exchange. This
As the United States gears up for the upcoming elections, the cryptocurrency sector has once again found itself under the regulatory microscope. The U.S. Securities and Exchange Commission (SEC) has intensified its scrutiny of blockchain companies, a trend highlighted by the recent Wells notice issued to Immutable, a prominent player in the blockchain gaming space.
Hong Kong is on the verge of enhancing its reputation as a global hub for cryptocurrency and blockchain technology. With financial authorities indicating plans to issue more licenses for cryptocurrency exchanges before the year’s end, the city is positioning itself for significant growth within the digital asset landscape. According to Financial Secretary Paul Chan, the
The Bank for International Settlements (BIS) has initiated a groundbreaking initiative called Project Mandala in collaboration with several central banks, including those from Australia, Korea, Malaysia, and Singapore. Announced in an October statement, this project aims to address the multifaceted regulatory challenges that arise during cross-border transactions. As globalization tightens its grip on financial systems,
In a significant open letter addressed to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, CEO and co-founder of Paxos, articulated a pivotal concern regarding the future of America’s financial leadership. He argued that the next presidential administration must actively embrace digital assets and pursue reforms of antiquated financial regulations to ensure
In a notable move for the cryptocurrency sector, Gemini, the well-known exchange founded by the Winklevoss twins, has announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for cross-border money transfer and digital payment token services. This development, made public in an official statement on October 29, signifies Gemini’s intentions
In the rapidly evolving landscape of digital currencies, the Satoshi Action Fund is at the forefront of advocating for State-based legal protections for Bitcoin self-custody. This initiative mirrors strategies successfully employed by the cannabis industry to navigate the complex web of federal regulations. As Bitcoin continues to gain traction among users and investors alike, the
In a significant shift towards tighter control over digital assets, South Korean officials are gearing up to implement comprehensive regulations governing cross-border cryptocurrency transactions by late 2025. As detailed in a recent Reuters report, the Ministry of Finance is set to enforce a structured framework that mandates extensive registration and reporting obligations for businesses engaging
