Turkey is taking steps to regulate crypto-assets in order to be removed from the Financial Action Task Force’s (FATF) “gray list” of countries that have not done enough to combat money laundering and terrorist financing. The FATF placed Turkey on this list in 2021, citing deficiencies in their procedures for freezing assets associated with terrorism […]
Bitcoin, the pioneering cryptocurrency, is celebrating its 15th anniversary. Since its inception, Bitcoin has experienced an astonishing growth of 3.4 billion percent, becoming a linchpin of the trillion-dollar cryptocurrency industry. Its rise reflects the unpredictable nature of the financial landscape and the increasing influence of digital assets. The creation of Bitcoin, outlined in Satoshi Nakamoto’s […]
The U.S. Securities and Exchange Commission (SEC) has come under scrutiny from the U.S. Government Accountability Office for failing to follow proper procedures in issuing guidance on cryptocurrency safeguarding. The accountability office claims that the SEC did not submit the necessary reports to Congress and the Comptroller General before implementing the guidance. The SEC argues […]
Former FTX CEO, Sam Bankman-Fried, has concluded his testimony and cross-examination in his criminal fraud trial. During his testimony, Bankman-Fried acknowledged the existence of an $8 billion hidden debt within Alameda Research, which was discovered after a bug was fixed in an account called fiat@. He claimed to have discovered the massive transfer in September […]
The UK’s Financial Conduct Authority (FCA) has issued a warning to investors regarding Bitfinex, stating that the exchange may be promoting financial services without proper authorization. The FCA cautions potential investors to avoid dealing with Bitfinex, as they will not have access to the Financial Ombudsman Service for resolving complaints and will not be protected […]
In a groundbreaking move, the Monetary Authority of Singapore (MAS) has formed an alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA). Together, they aim to lead pioneering pilot initiatives in the […]
Digital asset manager Valkyrie Investments has filed an updated spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The Valkyrie Bitcoin Fund aims to offer investors the opportunity to invest in common shares backed by Bitcoin. The shares will be traded under the ticker symbol “BRRR” on the Nasdaq Stock Market. […]
Spain is taking the lead in implementing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act. The Spanish Ministry of Economy and Digital Transformation has announced that the MiCA Act will come into force in December 2025, six months ahead of the EU’s general deadline. This accelerated timeline aims to provide […]
The Spanish Ministry of Economy and Digital Transformation has announced that the Markets in Crypto Assets (MiCA) Act, the first comprehensive crypto framework in the European Union, will be implemented on a national level in December 2025. This move aims to provide legal certainty and greater protection for Spanish investors in crypto assets. Spain is […]
Scott Johnsson, a notable attorney from Davis Polk, has drawn attention to a closed-door meeting scheduled for November 2, which could potentially shed light on the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). The meeting, which is not open to the public, will focus on resolving litigation claims […]
