After three years of legal battles, the Ripple vs SEC lawsuit is entering its next phase in 2024. The focus now shifts to the remedies stage, with several key dates to mark in the calendar.On February 12, 2024, the remedies-related discovery phase will conclude, marking the end of the fact-finding process. This sets the stage […]
Japan’s Cabinet has approved a proposal to eliminate corporate tax on unrealized cryptocurrency gains, potentially revolutionizing the crypto landscape in the country. If this proposal becomes law, it would mean that companies would no longer have to pay taxes on the difference between the market and book values of their crypto assets. This move is […]
Dogecoin co-founder Billy Markus, also known as Shibetoshi Nakamoto, has criticized Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), for not providing clear guidelines for the crypto market. Markus accused Gensler of lacking concrete rules and being ineffective in his role. Gensler, in a recent interview, expressed concerns about noncompliance, fraud, […]
The penultimate week of the year brought some significant developments in the world of cryptocurrency. One of the most anticipated events is the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024. If approved, this could have a major impact on the demand for Bitcoin, […]
Multiple fraudulent accounts have emerged on social media, posing as prominent blockchain investigator ZachXBT. This comes after the deactivation of his official account. Michael Khekoian, partnership director at Web3 security firm Wallet Guard, warned his followers about the impersonation and urged users to remain vigilant. He highlighted that these fake accounts often try to deceive […]
Hong Kong’s financial regulatory bodies, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have announced that they are open to receiving applications for spot crypto exchange-traded funds (ETFs). This comes after a review of their current policy on ETFs, acknowledging the evolving virtual asset environment since 2018.The SFC and HKMA […]
The Securities and Exchange Commission (SEC) has set a strict year-end deadline for final changes to spot Bitcoin exchange-traded funds (ETFs). The SEC officials have confirmed that the first wave of approvals for these ETFs will come in January 2024.In a recent meeting with the issuers, the SEC made it clear that any firm missing […]
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country, allowing Nigerian banks and financial institutions to resume operations with cryptocurrency service providers. The initial ban, imposed in February 2021, was due to concerns over money laundering and terrorism financing risks associated with crypto assets.Under the new guidelines, financial […]
Stablecoin issuer Circle has announced that it has received conditional registration under France’s cryptocurrency laws. This marks a significant regulatory stride for the company as it aims to comply with the EU’s Markets in Crypto-Assets (MiCA) regime. Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, highlighted France’s clear rules for responsible innovation […]
Sygnum, a digital-asset bank, stands out from its competitors due to its core values and approach to regulation. The founders firmly believed that cryptocurrencies and digital assets were not temporary trends but rather indicators of a larger digital revolution.Unlike many others in the industry who resisted regulation, Sygnum recognized the necessity of regulatory oversight to […]
