Crypto-promoting firms in the United Kingdom have been found to be in breach of the country’s new crypto marketing rules on multiple occasions. According to the Financial Conduct Authority (FCA), these firms have violated the rules at least 221 times since they came into effect in early October. The FCA has identified three common issues […]
Asset manager Hashdex recently met with the U.S. Securities and Exchange Commission (SEC) to address concerns about its application for a Bitcoin Futures exchange-traded fund (ETF). The meeting, which took place on October 13, included representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex presented its mechanism for trading and […]
The UK’s Financial Conduct Authority (FCA) has revealed that many cryptocurrency firms are failing to comply with its new promotional rules. These rules, which came into effect on October 8, require companies to warn users about the potential risks of investing in certain crypto products and prohibit them from offering referral bonuses. The FCA has […]
The United Kingdom’s Financial Conduct Authority (FCA) has implemented new marketing rules for cryptocurrency firms. These rules aim to protect consumers by ensuring clear and transparent promotion of products and services. The regulations include a ban on referral bonuses and the introduction of a 24-hour cooling-off period for first-time crypto investors. The cooling-off rule is […]
Coinbase, one of the leading cryptocurrency exchanges in the US, has accused the Securities and Exchange Commission (SEC) of overstepping its authority. In a court filing, Coinbase argued that the SEC’s classification of crypto assets as securities goes beyond its jurisdiction. The exchange also claimed that the regulatory body is attempting to redefine the criteria […]
Binance, the world’s largest cryptocurrency exchange, is reportedly supporting HKVAEX, a Hong Kong-based cryptocurrency trading platform, in its efforts to obtain a local crypto license. HKVAEX, which was established as a separate entity in December 2022, is said to be sharing resources with Binance. However, HKVAEX claims to be an independent platform with its own […]
The United States Internal Revenue Service (IRS) has extended the comment period for proposed crypto tax reporting rules. The public consultation will now last until November 13th. The proposed regulations, titled “Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions,” aim to streamline tax submissions and […]
The cryptocurrency exchange Coinbase has argued that the Securities and Exchange Commission (SEC) exceeded its authority by classifying the cryptocurrencies listed on its platform as securities. In a recent court filing, Coinbase criticized the SEC’s definition of securities, stating that it was too broad and that the cryptocurrencies listed on the exchange should not fall […]
The BlackRock spot Bitcoin exchange-traded fund (ETF), IBTC, briefly disappeared from the Depository Trust and Clearing Corporation’s (DTCC) website, causing a surge in Bitcoin’s price. The sudden reappearance of IBTC on the website led to speculation about a potential spot ETF approval, resulting in frenzied market activity. However, when the ticker disappeared again, Bitcoin’s price […]
Crypto exchange Coinbase is seeking to have a lawsuit filed by the Securities and Exchange Commission (SEC) dismissed. The SEC has accused Coinbase of operating unregistered securities exchanges by facilitating the trading of digital tokens. Coinbase argues that the tokens traded on its platform are not securities and therefore fall outside the SEC’s jurisdiction. The […]
