The National Assembly Committee in Kenya has given its endorsement to the Capital Markets (Amendment) Bill, which aims to regulate and tax the digital currency market in the country. The bill, sponsored by Mosop MP Abraham Kirwa, has been approved by the committee and is now one step closer to becoming law.The proposed legislation seeks […]
The Swiss Federal Prosecutor’s Office has charged Trafigura Beheer, a Dutch-based commodity trading company, and three individuals with corruption. This is a significant development as it is rare for criminal charges to be brought against a company. The charges stem from alleged corruption payments in Angola. While Trafigura’s headquarters are in the Netherlands, a significant […]
The Swiss Federal Prosecutor’s Office has charged Trafigura Beheer, a Dutch-based commodity trading company, and three individuals with corruption. This is a significant development as it is rare for criminal charges to be brought against a company. The charges stem from alleged corruption payments in Angola. While Trafigura’s headquarters are in the Netherlands, a significant […]
A new study is being conducted to examine the impact of financial regulations on independent asset managers in Switzerland. The survey, led by the Lucerne University of Applied Sciences and Arts (HSLU), focuses on the effects of the Fidleg (Financial Services Act) and Finig (Financial Institutions Act) on the industry.The survey has been extended until […]
A new study is being conducted to examine the impact of financial regulations on independent asset managers in Switzerland. The survey, led by the Lucerne University of Applied Sciences and Arts (HSLU), focuses on the effects of the Fidleg (Financial Services Act) and Finig (Financial Institutions Act) on the industry.The survey has been extended until […]
In recent developments surrounding BlackRock’s Bitcoin ETF, there has been a notable shift in the regulatory landscape. Previously, SEC Commissioner Hester Pierce’s remarks had sparked hope for a near-term approval of the ETF, indicating a potentially favorable regulatory stance. However, concerns have arisen regarding the SEC’s involvement and the possibility of a ‘kill switch’ mechanism […]
In recent developments surrounding BlackRock’s Bitcoin ETF, there has been a notable shift in the regulatory landscape. Previously, SEC Commissioner Hester Pierce’s remarks had sparked hope for a near-term approval of the ETF, indicating a potentially favorable regulatory stance. However, concerns have arisen regarding the SEC’s involvement and the possibility of a ‘kill switch’ mechanism […]
Société Générale, one of France’s largest banks, is set to launch a Euro-pegged stablecoin called EUR CoinVertible (EURCV) on the Bitstamp crypto exchange. The stablecoin, built on the Ethereum blockchain, will have its reserves fully backed by cash reserves and high-quality securities. This move by Société Générale reflects the growing trend of traditional financial institutions […]
Société Générale, one of France’s largest banks, is set to launch a Euro-pegged stablecoin called EUR CoinVertible (EURCV) on the Bitstamp crypto exchange. The stablecoin, built on the Ethereum blockchain, will have its reserves fully backed by cash reserves and high-quality securities. This move by Société Générale reflects the growing trend of traditional financial institutions […]
A bill has been introduced to the New Jersey general assembly that seeks to classify digital assets sold to institutional investors as securities. The proposed legislation specifically targets virtual currencies sold directly to institutional investors and defines institutional investors as entities such as banks, hedge funds, endowments, and pension funds. If passed, the bill would […]
