The People’s Bank of China (PBoC) has released its latest financial stability report, addressing the regulation of cryptocurrencies and decentralized finance (DeFi). In the report, the PBoC emphasizes the need for global cooperation in establishing rules for the crypto industry.The report highlights that the cryptocurrency market represents only 1% of the global financial system and […]
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has announced that it is ready to receive applications for spot crypto exchange-traded funds (ETFs). In collaboration with the Hong Kong Monetary Authority, the SFC has reviewed its policy for intermediaries involved in virtual asset-related activities.The SFC is now prepared to accept applications for the […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have admitted to making errors in court filings regarding a mining software firm, Debt Box. The SEC had previously claimed that Debt Box closed certain bank accounts and planned to relocate to the United Arab Emirates in an alleged attempt to escape the commission’s jurisdiction. […]
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 track the prices of cryptocurrencies and provide a regulated avenue for investors to access the crypto industry.Investing in a crypto ETF […]
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 […]
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, […]
In response to a recent security breach in Ledger’s code library, the hardware wallet provider has taken swift action to mitigate potential losses and strengthen security measures. The breach exposed popular integrated protocols to potential vulnerabilities, resulting in approximately $600,000 in stolen assets from users of EVM DApps. Ledger has pledged to compensate those affected […]
