Category: Regulation
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Ripple’s SEC Loss: A Deeper Look at the Decision and Its Implications
In a recent ruling, the Securities and Exchange Commission (SEC) faced a setback in its case against Ripple. The decision has generated mixed reactions, with some hailing it as a…
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Ripple’s XRP Skyrockets Causing $220M in Short Liquidations
In a major victory for Ripple Labs, Judge Torres ruled that the majority of XRP sales are not considered securities transactions. This landmark decision sent shockwaves throughout the cryptocurrency market,…
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Ripple’s XRP Surges 70% as US Judge Rules it’s Not a Security
In the dynamic and ever-evolving world of cryptocurrencies, regulatory clarity plays a crucial role in shaping the market. Recently, Ripple’s XRP US federal judge made a groundbreaking court ruling, determining…
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Groundbreaking Ruling: XRP Not Securities, Says Judge
Start your journey into this groundbreaking ruling as Ripple, prevails against the Securities and Exchange Commission (SEC) in a judicial tussle that lasted two grueling years. The verdict? XRP is…
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Hong Kong Launches New Licensing Regime for Crypto Asset Trading Platforms
Hong Kong has launched a new licensing regime for virtual asset trading platforms (VATPs). The Hong Kong Securities and Investment Institute (HKSI) has taken the initiative to develop the respective…
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China’s Changing Stance on Cryptocurrencies: Will the Crypto Ban be Lifted?
China’s relationship with cryptocurrencies has been characterized by a series of strict restrictions and bans. In 2021, the Chinese government imposed a ban on crypto trading and mining, which had…
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Namibia Regulates Digital Assets and Cryptocurrencies
Namibia, a country in southwestern Africa, has taken a significant stride in the realm of digital assets and cryptocurrencies. On June 22, 2023, the National Assembly of Namibia passed a…
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European Commission Initiates Vision for Emerging Virtual Worlds to Ensure Safety and Compliance with Digital Rights
The European Commission has launched an initiative to develop a comprehensive vision for emerging virtual worlds, such as metaverses, while prioritizing the protection of digital rights and adherence to EU…
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U.K. Passes Economic Crime Bill to Seize and Freeze Crypto Used for Crime
The U.K.’s Economic Crime and Corporate Transparency Bill has successfully passed Parliament’s upper chamber, the House of Lords, marking a significant step forward in the country’s efforts to combat economic…
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India’s Push for Cross-Border CBDC Payments
The Reserve Bank of India (RBI) is actively engaging with 18 countries to enable cross-border payments using its central bank digital currency (CBDC), the digital rupee. The primary goal is…
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South Africa Implements Licensing Requirement for Cryptocurrency Exchange
In a move aimed at regulating the rapidly growing cryptocurrency market, South Africa has announced that cryptocurrency trading platforms operating in the country will be required to obtain licenses by…
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Thailand Implements Stricter Regulations for Cryptocurrency Exchanges
In an effort to safeguard investors and promote transparency in the cryptocurrency market, the Thai government has recently announced stricter regulations for cryptocurrency exchanges. These regulations require exchanges and other…
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Bittrex Fights Back: Filing for Dismissal Against Persistent SEC Lawsuit
While the world of cryptocurrency is a fast-paced, thrilling realm of constant change, nothing has made heads turn quite like the recent move by Bittrex. The well-known cryptocurrency exchange has…
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UK: Crypto and Bitcoin Recognised as Regulated Financial Activities
In an unprecedented legislative move, the United Kingdom has passed a bill acknowledging Bitcoin and other cryptocurrencies as regulated financial activities. This leap forward sends waves through the digital currency landscape and has…
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Hong Kong Virtual Asset Index Expands to Include a Diverse Range of Tokens
The Hong Kong Virtual Asset Index (HKVAC) has been unveiled, encompassing a wide range of cryptocurrencies and tokens. The index, which includes prominent digital currencies such as Bitcoin (BTC) and…
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Japan Approves Tax Exemption for Crypto Startups’ Token Issuance
Japan’s Liberal Democratic Party (LDP) tax committee’s approval of a groundbreaking proposal to exempt crypto startups issuing their own tokens from corporate taxes on unrealized gains
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Belgium’s Financial Watchdog Orders Binance to Halt Crypto Currency Services
The Belgian Financial Services and Markets Authority (FSMA) has issued an order to cryptocurrency exchange Binance, demanding an immediate cessation of all virtual currency services in Belgium. The FSMA’s decision…
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IMF Report Acknowledges Ineffectiveness of Crypto Ban in the Long Run
In recent years, the rise of cryptocurrencies has captured the attention of governments, financial institutions, and investors worldwide. The International Monetary Fund (IMF) has been actively involved in discussions surrounding…
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IRS Seeks Third-Party Contractors to Track Cryptocurrency
The Internal Revenue Service (IRS) is taking steps to ensure proper tax compliance among U.S. taxpayers with cryptocurrency holdings. In its pursuit of enhanced digital asset tax compliance, the IRS…
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Deutsche Bank Seeks Regulatory Approval for Crypto Custody Service
Deutsche Bank, one of Germany’s leading asset managers, has taken a significant step into the world of cryptocurrencies by applying for regulatory permission to offer a custody service for digital assets
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