Standard Chartered, a multinational bank, is set to offer custody services for Bitcoin and Ethereum to its institutional clients in Dubai starting in Q1 2024. This move signifies the bank’s embrace of digital assets and is supported by the favorable crypto regulations in the United Arab Emirates (UAE). Standard Chartered has a strong presence in […]
Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC) is inevitable. Clayton stated that there is high demand for Bitcoin investments from both retail and institutional investors. Institutional players are eager to gain access to Bitcoin, and trusted providers want to offer this […]
Ras Al Khaimah, one of the Emirates in the UAE, has launched the RAK Digital Assets Oasis (RAK DAO), a free zone dedicated to digital and virtual asset companies. This initiative aims to attract global crypto players and position the emirate as a forward-thinking hub for emerging technologies. RAK DAO will be the world’s first […]
Billionaire entrepreneurs Elon Musk and Mark Cuban have joined forces to submit a shared amicus brief to the Supreme Court, expressing concerns about the Securities and Exchange Commission’s (SEC) approach to internal proceedings without jury involvement. They argue that these administrative proceedings lead to unequal outcomes for individuals facing SEC charges, potentially infringing on their […]
The United States-based cryptocurrency exchange Coinbase has chosen Ireland as its main European hub for compliance with Europe’s cryptocurrency regulatory framework, known as Markets in Crypto-Assets Regulation (MiCA). This move allows Coinbase to serve the 450 million people across 27 countries in Europe under one regulatory framework and with one national supervisor. Currently, Coinbase holds […]
The Office of the Comptroller of the Currency (OCC), a bureau of the Treasury Department, is organizing a symposium on tokenization in February 2024. This event aims to spark a public discussion on the potential of tokenizing real-world financial assets and liabilities. The Acting Comptroller, Michael J. Hsu, emphasizes the distinction between crypto and tokenization, […]
In a recent development, prominent figures including Elon Musk and Mark Cuban have filed an amicus curiae brief challenging the US Securities and Exchange Commission (SEC). The brief questions the SEC’s use of administrative proceedings instead of jury trials, raising concerns about the constitutionality of their practices. The group argues that the SEC’s inconsistent approach […]
Stéphanie Cabossioras has resigned from her position as the executive director of Binance France, making her the latest senior executive to leave the company this year. Binance France President David Prinçay confirmed her departure and expressed gratitude for her contributions. Cabossioras joined Binance in April 2022 as the head of legal for the French arm […]
South Korean regulators are launching an investigation into Sui Network, a blockchain platform, amid allegations that the developers lied about certain aspects of the token. The Financial Supervisory Service (FSC) will determine whether Sui is operating as a fraudulent scheme. The main concern is the significant drop in Sui’s price, which has lost over 91% […]
The native token of Sui, called SUI, has experienced a decline in value after allegations of supply manipulation by the Sui Foundation. The token fell by over 9% and reached new lows of $0.37. However, it has since gained a little under 1% in the last 24 hours. The Sui Foundation has denied the allegations, […]
