Cryptocurrency exchange Coinbase has been granted approval to operate as a Virtual Asset Service Provider (VASP) in France. This registration allows Coinbase to offer a wide range of products and services to retail, institutional, and ecosystem clients in the country. The approval comes as Coinbase continues to expand its presence in Europe and positions itself […]
The U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against cryptocurrency firm Debt BOX. The SEC alleges that Debt BOX defrauded investors of almost $50 million. However, the SEC admitted that its legal counsel made inaccurate representations during a hearing in July, which allowed the SEC to […]
Hong Kong has announced that it is ready to accept applications for spot crypto exchange-traded funds (ETFs), marking a significant shift in the crypto landscape. The move is part of Hong Kong’s efforts to position itself as a leading hub for digital asset innovation and regulation.The Securities and Futures Commission (SFC) and the Hong Kong […]
The Securities and Futures Commission (SFC) of Hong Kong and the Hong Kong Monetary Authority (HKMA) have issued new rules allowing investment funds, brokerages, and asset managers to offer Crypto ETFs. These exchange-traded funds (ETFs) track the prices of cryptocurrencies and provide a regulated avenue for investors to access the crypto market.Investing in a crypto […]
Paxos, a major player in the stablecoin market, has received regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain. This is a significant development as Paxos was previously limited to issuing its Pax Dollar (USDP) stablecoin exclusively on the Ethereum network.Solana’s blockchain technology offers […]
SEC Chairman Gary Gensler is facing backlash from the crypto industry over the lack of regulations provided by the United States Securities and Exchange Commission (SEC). In a recent interview, Gensler discussed the rampant non-compliance and lack of adherence to securities laws in the crypto space. He emphasized the need for these laws to protect […]
The Barnbridge DAO has reached a settlement with the Securities and Exchange Commission (SEC) over the sale of unregistered crypto bonds. The settlement, which amounts to $1.7 million, includes a cease and desist clause that prohibits any further sales of these crypto securities.This development marks a significant step in the regulation of the cryptocurrency market, […]
BarnBridge DAO and its founders, Tyler Ward and Troy Murray, have agreed to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges stem from the failure to register their structured crypto asset securities, known as SMART Yield bonds, which the SEC alleges violated securities laws.The settlement includes […]
Circle, a leading global financial technology company, has obtained registration as a Digital Asset Service Provider (DASP) in France. This move is part of Circle’s strategy to expand its presence in the European Union (EU) and strengthen its regulatory compliance.Circle has always prioritized regulatory compliance and obtaining the conditional DASP registration in France is a […]
Hong Kong’s Securities and Futures Commission (SFC) and the Monetary Authority (HKMA) have announced that they are ready to accept applications for spot crypto exchange-traded funds (ETFs). In a circular released on December 22, the regulators stated that they have updated their policies to encourage the introduction of spot crypto ETFs in the market.This move […]
