Banning of Cryptocurrency should still be on the table – IMF

During recent G-20 summit, Kristalina Georgieva reinstate’s her stance about banning cryptocurrency if crypto becomes a high risk asset. In an interview with Bloomberg she further states that “Crypto is not real money and not backed by anything” . IMF Managing…

Robinhood’s Crypto Business Practices Under Investigation by SEC

Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…

Dapper Labs Under Fire as Judge Determines NBA Top Shot Moments NFTs Could Be Securities

court has held that the SEC can apply securities regulations to some NFTs, including those sold on NBA Top Shot. The ruling has sparked confusion in the industry, as there is no clear definition of what constitutes a security under the law.

The recent US court ruling has raised questions on whether NFTs, like those sold on NBA Top Shot, could be considered securities and be subject to SEC regulations. Learn how this ruling has created confusion in the industry and implications for investors.

Mastercard Joins the Crypto Wave by Allowing USDC Settlements for Web3 Payments

Mastercard, a leading global payment technology company, has announced that it will enable merchants to accept cryptocurrency payments directly on its network. This means that consumers will be able to use their cryptocurrency holdings to make purchases at merchants that…

Banking regulators would be better for overseeing stablecoins than the SEC – Circle’s CEO

According to the Jeremy Allaire, CEO of Circle, banking regulators would probably be more effective in providing oversight for stablecoins. He also expressed his general agreement with the SEC’s proposal for a qualified custodian. During an interview with Bloomberg yesterday,…

Regulators oppose Binance.US and Voyager’s billion$ deal for being unlawful, with a focus on Voyager’s VGX token

Regulators from New York and federal finance have filed objections to the $1.02 billion deal proposed by Binance.US to acquire assets from the bankrupt crypto lender Voyager Digital.As per Feb 22 filings, it could be discriminatory and unlawful. As per…

Four New Criminal Charges Filed Against FTX Founder Sam Bankman-Fried

Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…

Coinbase Sets Ambitious Goal of One Billion Users, Shifts Focus to Regulation

Coinbase, one of the world’s largest cryptocurrency exchanges, has set its sights on achieving one billion users in the coming years. In order to do so, the company’s CEO, Brian Armstrong, has announced that his focus for 2023 will be…

Hong Kong plans to make crypto purchase and trading legal for all of its citizens

While United States is struggling to give a clear legislation to crypto companies and pushing them away from the boundaries with hefty fines, Hong Kong legislators plans to make crypto available to all its citizens starting June 1st. This will…

Regulating Crypto in Australia: Safeguarding Investors with a Multi-Stage Approach

The Australian government has recently announced its multi-stage approach to regulating crypto in a bid to protect consumers and investors from unsustainable business models associated with crypto assets. Here, we take a closer look at the government’s new regulatory framework…