Spot Bitcoin ETFs Approved by SEC in the United StatesAfter more than a decade of waiting, the crypto industry has finally achieved a significant milestone with the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The SEC approved applications from various companies, including ARK 21Shares, Invesco Galaxy, VanEck, […]
In a significant move, India has imposed a ban on foreign cryptocurrency exchanges, effectively blocking their operations within the country. This decision has led to a surge in the use of local exchanges by Indian crypto enthusiasts.The ban has been implemented by restricting access to the websites of these foreign platforms. Additionally, the downloading of […]
The Monetary Authority of Singapore (MAS) is set to gain more authority under a new law currently under consideration in the country’s parliament. This law could have significant implications for crypto companies if approved. The Financial Institutions (Miscellaneous Amendments) Bill 2024 aims to expand the MAS’s jurisdiction, allowing it to give directions to holders of […]
South Korea’s Financial Services Commission (FSC) has issued a statement that could significantly impact the local crypto market. The FSC has suggested that domestic securities firms’ brokering of US spot Bitcoin Exchange-Traded Funds (ETFs) might contravene South Korea’s regulations on virtual assets and the Capital Markets Act. This statement was made in response to the […]
The Monetary Authority of Singapore (MAS) is set to receive expanded powers under a new bill currently before the country’s parliament. This could have a significant impact on cryptocurrency firms. The Financial Institutions (Miscellaneous Amendments) Bill 2024 aims to expand MAS’ powers to issue directions to capital markets services licence holders (CMSL holders) that conduct […]
Despite the United States approving 11 spot bitcoin exchange-traded funds (ETFs) earlier this week, South Korea has reiterated its ban on crypto ETFs. The country’s financial institutions are prohibited from owning or buying crypto and investing in businesses offering crypto. The Financial Services Commission (FSC) of South Korea continues to restrict financial institutions from launching […]
Senator Elizabeth Warren, a member of the Senate Banking Committee, has publicly criticized the Securities and Exchange Commission (SEC) for its recent approval of 11 spot Bitcoin exchange-traded funds (ETFs). Warren argues that the SEC’s decision is flawed both legally and policy-wise, and she emphasizes the urgent need for basic anti-money laundering (AML) rules in […]
The United States House of Representatives Financial Services Committee (FSC) has initiated a working group on artificial intelligence (AI) to delve into the impact of AI on the financial services and housing sectors. The announcement was made by the House Financial Services Committee Chairman, Patrick McHenry, and Ranking Member Maxine Waters on Jan. 11, 2024.The […]
South Korea’s Financial Services Commission (FSC) has issued a warning to domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs), stating that such activities may be in violation of local laws. The notice, issued on January 12, 2024, highlights potential breaches of the Virtual Asset User Protection Act and the Capital Markets Act.The FSC […]
The Turkish government is in the final stages of completing technical studies for its crypto asset regulation. This regulation will introduce licensing and operating standards for trading platforms. The announcement was made by Turkey’s Finance Minister, Mehmet Simsek.In a recent interview with the state-owned news agency Anadolu, Simsek confirmed that the regulatory framework for crypto […]
