Coinbase has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its payment services in the country. This license will enable the exchange to provide digital token services to Singaporean individuals and institutions. Coinbase has also expressed its readiness to support Singapore’s local crypto and web3 […]
The International Monetary Fund (IMF) has proposed a country-level risk assessment matrix to identify potential risks in the crypto sector and summarize potential policy responses. The Crypto-Risk Assessment Matrix (C-RAM) is a three-step approach that assesses crypto’s macro-criticality, looks at indicators comparable to those used to monitor the traditional financial sector, and considers global macro-financial […]
The United States Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the auditor of the now-bankrupt cryptocurrency exchange FTX. The SEC has accused Prager Metis of failing to maintain the required independence while providing auditing services to its clients, breaching federal securities laws. This includes adding indemnification provisions to engagement letters […]
Coinbase, a digital asset payment service provider, has recently obtained a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS). This license will enable Coinbase to expand its services to Singapore’s retail and institutional customers. The license also exempts Coinbase from the $2.2 million (S$3 million) transaction limit and the S$6 million ($4.4 million) […]
Ripple and the US Securities and Exchange Commission (SEC) have been engaged in a legal battle for the past few days. This dispute began in late 2020 when the SEC accused Ripple of selling XRP to retail investors in violation of securities laws. Last month, a US judge ruled that the sale of XRP did […]
Coinbase, a United States-based cryptocurrency exchange, has recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This license enables the company to expand its digital payment token services to individuals and institutions in the country. The license also allows Coinbase to conduct payment services without being subjected to transaction limits […]
Bitcoin’s value has been on the rise, increasing 4% over the past 24 hours and reaching its highest trading value since August. This growth comes as the U.S. Securities and Exchange Commission (SEC) is currently inviting public comments on proposed spot Bitcoin ETFs. The SEC has clarified that the proceedings do not indicate any conclusions […]
On October 1st, the prices of Bitcoin, Ethereum, and other cryptocurrencies saw a sudden jump, with Bitcoin surging 3% in just 15 minutes and Ethereum gaining 4.7%. This sudden movement has left many in the crypto community wondering what is going on, with some suggesting that “someone knows something” that others don’t. This sudden pump […]
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Pennsylvania-based Mosaic Exchange Limited and its owner and Chief Executive Officer Sean Michael for allegedly running a fraudulent digital asset commodity scheme. The CFTC alleges that Mosaic and its operators fraudulently solicited and induced at least 17 people in the US […]
The United States Securities and Exchange Commission (SEC) is facing allegations of conflicts of interest in its ongoing lawsuit with Ripple Labs. Two senior SEC officials who were part of the XRP lawsuit left the commission shortly after the regulator filed the suit against Ripple. Marc Berger, the former Acting Enforcement Director of the SEC, […]
