The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has made it clear that most cryptocurrencies fall under the agency’s securities regulations.Gensler has been vocal about his stance on the matter, and has not wavered in his opinion that the SEC’s regulations should apply to the majority of digital assets.The SEC has […]
The US Securities and Exchange Commission (SEC) has delayed its decision on two spot Bitcoin ETF applications by ARK Invest and 21Shares and Global X, with the former postponed to January 2024. This means that investors and stakeholders may have to wait until next year to get such a product approved. In a letter published […]
Customers of the now bankrupt cryptocurrency lending platform BlockFi are closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing. The amount of repayment received by BlockFi’s unsecured creditors will […]
A group of U.S. Congress members have sent a letter to the Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the agency to approve the listing of spot-bitcoin exchange-traded funds (ETFs) immediately. The letter was signed by Representatives Mike Flood, Tom Emmer, Ritchie Torres, and Wiley Nickel. The lawmakers argued that a regulated spot […]
The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets. Laser Digital CEO Jez Mohideen said of the ADGM that their comprehensive and clear regulatory framework is creating a global hub […]
Taiwan’s Financial Supervisory Commission (FSC) has released new guidelines for virtual asset service providers (VASPs) in the country. The guidelines, published on Tuesday, September 26, 2023, include exchange registration, segregation of customer funds and prohibition of certain products. Foreign exchanges must register before offering services to Taiwan customers. The FSC also requires information disclosures, such […]
Gemini, a US-based crypto exchange, has announced plans to invest INR 200 crore ($24 million) in its India-based technology and crypto hub over the next two years. The exchange has already opened an office at the Cyber Hub at Campus Cyber Greens and has seen its employee count grow to over 70 people. The investment […]
Taiwan’s crypto platforms have established an industrial association to represent the interests of the industry. The association includes nine crypto exchanges, P2P trading platforms, financial investment platforms, wallet hosting companies and other types of crypto businesses. The Financial Supervisory Commission of Taiwan has created a draft of ten guiding principles for the management of virtual […]
Binance, the world’s largest crypto exchange, is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan. The two companies plan to use a platform called “Progmat Coin” to issue yen and other fiat stablecoins in accordance with Japan’s recently revised and enforced […]
Just days before Sam Bankman-Fried’s trial in the US, British broadcaster BBC is airing an investigative piece on the disgraced “crypto king”. The documentary, titled “Downfall of the Crypto King”, will air on BBC’s Panorama for eleven months. It will focus on the rise and fall of Bankman-Fried, who was the CEO of FTX, the […]
