In 2024, the cryptocurrency trading sector is set to experience significant court rulings that could shape the future of the global financial world. Key players such as Coinbase, Binance, Ripple, and prominent figures like Changpeng Zhao and Sam Bankman-Fried are at the center of these legal battles.One of the most closely watched cases is the […]
The International Organization of Securities Commissions (IOSCO) has released a set of nine policy recommendations aimed at promoting consistent regulatory oversight in the crypto sector. As the global standard-setter for securities markets regulation, IOSCO addresses key issues such as market abuse, conflict of interest, client asset protection, disclosures, and risks associated with cryptocurrencies in these […]
BlackRock, Nasdaq, and the United States Securities and Exchange Commission (SEC) recently held discussions regarding the listing of a spot Bitcoin exchange-traded fund (ETF). The meeting focused on the necessary rule changes required to list the iShares Bitcoin Trust on the NASDAQ Stock Market.The discussions revolved around NASDAQ Rule 5711(d), which outlines the requirements for […]
The United States Commodity Futures Trading Commission (CFTC) has granted Bitnomial, a digital asset derivative exchange, a clearinghouse license. This license adds to Bitnomial’s existing derivatives exchange and brokerage licenses, making it a regulated and vertically integrated market structure.The CFTC approved Bitnomial’s application after several delays, with a vote of four to one. Vertical integration, […]
The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations, which follow a report released last year, provide detailed guidance on various aspects of regulation.One of the recommendations, Rule 7, emphasizes the importance of enforcing applicable laws. The accompanying guidance […]
In a significant development for those affected by the collapse of the FTX Group, an agreement has been reached between the debtors of FTX and its subsidiary, FTX Digital Markets. This agreement aims to simplify the bankruptcy process and improve the chances of recovery for customers. The agreement is subject to approval from the U.S. […]
Galaxy Digital’s CEO, Mike Novogratz, predicts that a spot Bitcoin ETF will be approved by January 10, 2024. He believes that the approval will happen before this date to avoid any legal trouble with Grayscale and a potential lawsuit. Novogratz suggests that the approval of the ETF will provide more fuel for the crypto market […]
The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS) regulations, which will take effect on January 8, 2024, enable UK-based investment exchanges, investment firms, central securities depositories, and recognised central counterparties to […]
The Swiss Bankers Association (SBVg) has responded cautiously to the lessons learned from the Credit Suisse crisis, staying true to its previous stance that a thorough analysis is necessary before any potential regulatory changes are made. The analysis and self-assessment by the Swiss Financial Market Supervisory Authority (FINMA) regarding the downfall of Credit Suisse has […]
The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the legal process as the basis for its decision, raising questions about the extradition requests from the United States and South Korea.Kwon’s detention has […]
