The Financial Conduct Authority (FCA) in the UK has imposed restrictions on Rebuildingsociety, a peer-to-peer lending platform that partnered with cryptocurrency exchange Binance to comply with the FCA’s marketing regulations. The FCA stated that Rebuildingsociety was not authorized to approve the content of any financial promotion for a Qualifying Cryptoasset by an unauthorised person and […]
Sam Bankman-Fried’s legal team is seeking permission to investigate the alleged involvement of FTX lawyers in the issuance of $200 million in loans from Alameda that were approved by Gary Wang. A court ruling had previously barred Bankman-Fried from blaming FTX lawyers for their role in structuring and approving the loans. However, the defense now […]
The XRP community is eagerly anticipating a potential settlement between Ripple and the SEC, which could provide regulatory clarity for XRP. Judge Analisa Torres has ordered both parties to engage in a physical settlement discussion before April 16, 2024. This development comes after rumors of a possible settlement have circulated in recent weeks. The prolonged […]
The Ministry of Finance in Cyprus is proposing amendments to the existing Prevention and Suppression of Money Laundering Law in order to align the country with international standards for anti-money laundering and combating the financing of terrorism. The amendments require all service providers working with crypto assets to register with the Cyprus Securities and Exchange […]
Billionaire hedge fund manager Bill Ackman is potentially collaborating with Elon Musk’s X platform, formerly known as Twitter. This unexpected partnership has sparked interest in the cryptocurrency community, particularly regarding its implications for Dogecoin. Currently, Dogecoin is trading at under $0.060 and is the ninth-largest cryptocurrency with a market cap of $8.3 billion. Dogecoin co-founder […]
Bitstamp, a cryptocurrency exchange, is reportedly in talks with major European banks to expand its crypto services and products ahead of the rollout of the region’s MiCA rules. The exchange aims to tap into partnerships with these banks to bring crypto to more people. It is expected that these banks will begin offering crypto services […]
Former BlackRock executive, Martin Bednall, believes that the United States Securities and Exchange Commission (SEC) will approve all spot Bitcoin Exchange Traded Fund (ETF) applications simultaneously. Bednall made this prediction during a panel discussion at the CCData’s Digital Asset Summit in London. He is optimistic about the approval of ETF applications from BlackRock, Fidelity, WisdomTree, […]
The Netherlands has established itself as a leading destination for cryptocurrency enthusiasts and businesses, thanks to its strong and transparent regulatory landscape. The country’s strict regulations require companies to register in order to offer crypto services, ensuring compliance and customer protection. While some major players like Binance and Coinbase have faced fines for non-compliance, other […]
The fate of the digital assets bills currently being considered in the House remains uncertain. It is possible that these bills may not make any progress for the remainder of the year, which is a common outcome for many bills in this Congress. Alternatively, they may receive floor votes and even secure victories in the […]
Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the UK’s Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK. Binance has introduced a dedicated […]
