Zubin Koticha and Alexis Gauba, the founders of the Opyn decentralized finance (DeFi) protocol, have announced their departure from the project and their decision to leave the crypto industry. This news comes after Opyn recently settled an enforcement action with the US Commodity and Futures Trading Commission (CFTC). In a statement, Koticha expressed the emotional […]
Crypto.com, a leading cryptocurrency exchange, has been granted a Virtual Assets Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com to offer a range of services, including exchange, brokerage, asset management, investment, and lending, to both retail and institutional clients. The company expressed its gratitude for being one of […]
In a significant development, Crypto.com, based in Dubai, has obtained regulatory approval with the issuance of a Virtual Assets Service Provider (VASP) license from the city’s regulatory authority. This milestone highlights Crypto.com’s commitment to regulatory compliance and positions the platform as a key player in meeting the growing demand for virtual asset services in Dubai’s […]
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the court has established a firm timeline for the remedies phase of the lawsuit. This phase is critical as it will determine the consequences and potential penalties for Ripple following the extensive legal proceedings that have captivated the attention of […]
Opyn, a prominent options protocol in the decentralized finance (DeFi) space, is undergoing a significant leadership change in response to regulatory actions by the Commodity Futures Trading Commission (CFTC). Co-founders Zubin Koticha and Alexis Gauba have decided to step down following allegations of registration failures and non-compliance issues. In their place, Andrew Leone, formerly the […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Assets Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com’s Dubai exchange to engage in specific crypto services. This milestone signifies a significant step for Crypto.com in offering regulated digital asset services and solidifies Dubai’s position as […]
The cryptocurrency industry is pushing back against proposed regulations that would require more entities to disclose digital currency transactions. The US Treasury Department released draft guidelines in August aimed at addressing challenges related to reporting and taxing cryptocurrency transactions. Critics argue that these measures would hinder the broader crypto market and decentralized finance, raising constitutional […]
A significant development has occurred in the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance entities, including CEO Changpeng Zhao. The US court has approved a protective order that governs the production, use, and disclosure of information and materials related to the SEC vs. Binance lawsuit. This protective order aims […]
The Australian Taxation Office (ATO) has clarified its stance on the capital gains tax (CGT) treatment of decentralized finance (DeFi) and the wrapping of crypto tokens. The ATO has emphasized its commitment to taxing Australians on capital gains during the wrapping and unwrapping processes. According to the ATO, the wrapped token is not considered the […]
The United States Securities and Exchange Commission (SEC) is on the verge of making a significant decision that could have a profound impact on cryptocurrency investments. By November 17, the SEC may approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications, opening up a new era of accessibility for digital assets. However, it’s important […]
