The growing Web3 market presents challenges in compliance and risk management for companies operating in the blockchain industry. With the complexities of decentralized finance (DeFi) and the increasing security risks, there is a critical need for robust compliance solutions.The regulatory landscape for crypto assets is constantly evolving, with different approaches taken by jurisdictions worldwide. The […]
Grayscale, the digital asset management firm, has filed an amended S-3 filing with the United States Securities and Exchange Commission (SEC) following a recent leadership shuffle and the departure of Barry Silbert, the CEO of Grayscale’s parent company, Digital Currency Group. The filing indicates that Grayscale has reached a compromise with the SEC, agreeing to […]
The Argentine government has introduced a bill that aims to regulate undeclared cryptocurrencies, including bitcoin, under a new tax regime. The proposal, known as the “law of bases and starting points for the freedom of Argentines,” seeks to establish a legal framework for the regularization of assets, including cryptocurrencies and cryptoassets. This move recognizes the […]
Cryptocurrency exchange Bitzlato has temporarily halted Bitcoin withdrawals following the guilty plea of its former CEO and co-founder, Anatoly Legkodymov, to criminal charges in the US. Legkodymov agreed to dissolve the exchange as part of his plea deal, which also involved forfeiting $23 million in cryptocurrency.The decision to suspend Bitcoin withdrawals is said to be […]
The newly formed government of Argentina, led by libertarian Javier Milei, has introduced a bill to ease the path to legalizing cryptocurrency holdings, even for those who have not declared their taxes. The bill, known as the Law of Bases and Starting Points for the Freedom of Argentines, encompasses various reforms in tax, labor, criminal, […]
In recent years, the United States Securities and Exchange Commission (SEC) has faced criticism from the crypto industry for its aggressive approach towards enforcement actions and lawsuits targeting crypto firms and leaders. Many in the industry have called for new leadership within the SEC to support innovation and enable the growth of the crypto sector.US […]
Bitzlato, a Russia-linked cryptocurrency exchange, has announced a temporary suspension of certain withdrawal requests despite having its assets seized by French authorities. The company stated that this measure is necessary to prepare for upcoming court hearings regarding the seizure of user assets in France. It is unclear which transactions are classified as “special balance withdrawals” […]
Hong Kong’s financial authorities, the Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB), have launched a public consultation to establish a regulatory framework for stablecoins. The proposed framework aims to regulate stablecoin issuers and mitigate potential risks to monetary and financial stability.The framework includes a licensing regime, requiring fiat-referenced stablecoin […]
A potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is raising concerns among analysts about the impact it could have on the original vision of Bitcoin. Josef Tetek, a Bitcoin analyst at Trezor, argues that a spot Bitcoin ETF conflicts with the idea of self-custody, which is a fundamental principle […]
Crypto asset management firm Hashdex recently had a meeting with the U.S. Securities and Exchange Commission (SEC) Office of the Chair to discuss its proposed Bitcoin exchange-traded fund (ETF) application. The meeting, which included representatives from Hashdex, Tidal Financial Group, and various law firms, focused on the NYSE Arca’s proposed rule change to list and […]
