Hong Kong’s Securities and Futures Commission (SFC) has issued two circulars to regulate digital asset tokenization, as the city aims to become a leading Web3 hub in Asia. The circulars provide instructions to intermediaries involved in tokenized securities activities and outline the criteria for tokenizing investment products authorized by the SFC. The SFC considers tokenized […]
PayPal, the popular payment platform, has been served a subpoena by the United States Securities and Exchange Commission (SEC) regarding its stablecoin called PayPal USD (PYUSD). The SEC’s Enforcement division sent the subpoena to PayPal, according to a report by Reuters. This development comes three months after PayPal launched its PYUSD stablecoin, which is backed […]
The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. These regulations, known as the Distributed Ledger Technology (DLT) Foundations Regulations, are the first of their kind and are designed specifically for the operation of blockchain foundations, Web3 entities, decentralized autonomous organizations (DAOs), and traditional foundations expanding into DLT. The […]
Turkey is set to introduce stringent laws governing crypto-assets as part of its efforts to strengthen financial regulations and address concerns raised by the Financial Action Task Force (FATF). The country aims to be removed from the FATF’s ‘grey list’ of nations with inadequate measures against money laundering and terrorist financing. Finance Minister Mehmet Simsek […]
Turkey is taking steps to tighten its regulation on crypto-assets in order to combat money laundering and terrorist financing. The country’s Finance Minister, Mehmet Simsek, announced that the new legislation is aimed at persuading the Financial Action Task Force (FATF) to remove Turkey from its “grey list” status. Being on the grey list means that […]
Coinbase, a leading cryptocurrency exchange in the US, has announced that it will offer regulated crypto futures to its customers. This move comes despite an ongoing legal battle with the Securities and Exchange Commission (SEC). The new development will allow advanced users to trade futures contracts for Bitcoin and Ethereum. Futures trading enables investors to […]
Turkey is taking steps to strengthen its regulation of cryptocurrencies in order to combat money laundering and terrorism financing. The country’s finance minister, Mehmet Simsek, announced that new legislation is being prepared to provide clear regulation for crypto-assets. This move is aimed at improving Turkey’s standing in terms of money laundering and terrorist financing, with […]
The US Securities and Exchange Commission (SEC) is facing criticism and allegations of corruption in its battle against the US crypto industry. The US Government Accountability Office (US GAO) conducted an assessment of Staff Accounting Bulletin No. 121 (SAB 121), an anti-crypto accounting bulletin issued by the SEC, and found that the SEC did not […]
The Commodity Futures Trading Commission (CFTC) has revealed that it has paid out $16 million to whistleblowers this year. According to Commissioner Christy Goldsmith Romero, the majority of the 1,530 tips received by the CFTC were related to cryptocurrency. Romero stated that the crypto industry continues to be plagued by fraud and other illegal activities. […]
Bittrex, a prominent cryptocurrency exchange in the United States, is facing closure after receiving court approval. This development has sent shockwaves through the industry, as traders and investors grapple with the impending void left by the platform’s shutdown. The court’s decision marks a significant turning point, signaling a major shift in the landscape of digital […]
