Financial Intelligence Unit of India (FIU) Imposes Shadow Ban on Crypto Exchanges

The Financial Intelligence Unit India (FIU IND) has taken a resolute stand against major cryptocurrency exchanges operating within the Indian market. Show Cause Notices have been sternly issued to nine prominent exchanges, including Binance, Kucoin, Gate, Huobi, Kraken, Bittrex, Bitstamp,…

South Korean Regulators Exempt NFTs from Crypto asset Regulations

In a recent development, South Korean financial regulators have made a significant ruling regarding non-fungible tokens (NFTs) and their classification under existing cryptocurrency regulations. The Financial Services Commission (FSC), the country’s top regulatory body, has declared that NFTs will not…

Federal Judge Questions SEC’s Treatment of DEBT Box, Raises Concerns and Potential Sanctions

The Securities and Exchange Commission (SEC) has come under fire from a federal judge over its handling of a case involving a crypto firm, DEBT Box. The judge expressed concerns that the SEC had made “materially false and misleading representations”…

Proposed Regulations for Crypto Service Providers in Singapore

In its ongoing efforts to enhance the regulatory framework for the cryptocurrency industry, the Monetary Authority of Singapore (MAS) has recently released the final tranche of responses to feedback on a consultation paper regarding proposed regulations for crypto service providers.…

Ripple CEO Fires Back at Former SEC Chair Jay Clayton

Key Insights: In recent developments, Brad Garlinghouse, the CEO of Ripple, has taken a firm stance against the comments made by former Securities Exchange Commission (SEC) Chairman Jay Clayton. The crypto world has been abuzz with the SEC’s regulatory actions,…

Hong Kong Strengthens Crypto Regulation: An Overview of Recent Changes

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly issued a significant circular aimed at providing clarity on the rules governing companies offering services related to virtual assets. The circular specifically addresses the classification…

Bitstamp Crypto Exchange to End Canadian Operations by 2024

Major cryptocurrency exchanges are steadily exiting the Canadian market, citing complex regulation and lack of clarity as primary reasons. This exodus leaves traders with limited options and raises concerns about stifling innovation in the country. The departures started earlier this…

UK Financial Watchdog to Launch Digital Assets Sandbox in Early 2024

The UK’s Financial Conduct Authority (FCA) has revealed plans to launch a pioneering Digital Assets Sandbox (DAS) by the first quarter 2024. The move aims to promote digital asset innovation under bespoke regulatory conditions. Tailored rules to enable experimentation According…

Gemini to Quit the Dutch Market by Mid-November, Cites Compliance Issues

Gemini, a New York-based cryptocurrency exchange, has recently announced its decision to suspend cryptocurrency services in the Netherlands. This move stems from the exchange’s inability to meet the stringent regulatory requirements set forth by the Dutch central bank, De Nederlandsche…

Solana Co-Founder Advocates for Congressional Crypto Regulation, Emphasizing the Need for Lawmakers to Understand Its Mechanisms to Retain American Talent

In today’s rapidly evolving digital landscape, cryptocurrencies have emerged as a groundbreaking technology with the potential to revolutionize various industries. As the co-founder of Solana, a pioneering blockchain platform, we believe that the United States must take proactive measures to…