Crypto Market Structure Bill Nears House Floor Vote
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Crypto Market Structure Bill Nears House Floor Vote

The CFTC would regulate digital assets as commodities, while the SEC would regulate them as securities. The U.S. House of Representatives is expected to vote on a bill that would establish a regulatory framework for digital assets. The bill, known as the Digital Asset Market Structure and Investor Protection Act (H.R. 4763), would divide regulatory…

SEC’s Potential Reclassification of ETH Sparks Debate and Concerns in Crypto Community
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SEC’s Potential Reclassification of ETH Sparks Debate and Concerns in Crypto Community

Recent rumblings from the U.S. Securities and Exchange Commission (SEC) about potentially reclassifying Ethereum (ETH) have sent shockwaves through the cryptocurrency world, igniting debates and raising concerns among investors and industry insiders alike. Reports have surfaced suggesting that the SEC is mulling over the classification of Ethereum’s native token, ether, as a security. This revelation…

FBI Issues Warning Against Unregistered Cryptocurrency Money Services Businesses

FBI Issues Warning Against Unregistered Cryptocurrency Money Services Businesses

FBI Issues Warning Against Unregistered Cryptocurrency Money Services Businesses In a recent alert, the US Federal Bureau of Investigation (FBI) has cautioned Americans against using cryptocurrency money transmitting services that operate without proper registration as Money Services Businesses (MSBs). The advisory emphasizes the importance of regulatory compliance and the collection of Know Your Customer (KYC)…

Namibia Regulates Digital Assets and Cryptocurrencies
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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 bill to regulate digital assets, cryptocurrencies, and virtual asset service providers (VASPs). The aim of this bill is to establish a comprehensive regulatory framework for…

Binance Raises Concerns Over SEC’s Alleged Conflict of Interest

Binance Raises Concerns Over SEC’s Alleged Conflict of Interest

Binance, one of the leading cryptocurrency exchanges, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) in the United States. The SEC has accused Binance and its CEO, Changpeng Zhao (CZ), of listing unregistered securities and offerings. However, Binance and its legal team vehemently deny these allegations and have raised…

Ripple Receives Approval for Digital Payment Services in Singapore

Ripple Receives Approval for Digital Payment Services in Singapore

Singapore, known for its forward-thinking approach to digital innovation, has once again solidified its position as a leading hub for digital assets. The Monetary Authority of Singapore (MAS) has recently granted Ripple In-Principle Approval for its Major Payments Institution License application. This significant milestone allows Ripple Markets APAC Pte Ltd, the Singapore arm of Ripple’s…

Indonesia Embraces Crypto: Government Releases List of Tradable Cryptocurrencies
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Indonesia Embraces Crypto: Government Releases List of Tradable Cryptocurrencies

Indonesia, known for its breathtaking landscapes, cultural diversity, and warm hospitality, has now made waves in the world of cryptocurrencies. The Indonesian government recently unveiled a groundbreaking move by releasing an extensive list of tradable cryptocurrencies, creating a buzz among crypto enthusiasts worldwide. This landmark decision aims to solidify Indonesia’s position as a crypto-friendly nation…

Binance.US Prevails in Court Battle Against SEC’s Unjustified Actions

Binance.US Prevails in Court Battle Against SEC’s Unjustified Actions

Binance.US, the American arm of the popular cryptocurrency exchange, has emerged victorious in its legal confrontation with the U.S. Securities and Exchange Commission (SEC). The Court’s decision not to grant the SEC’s request for a Temporary Restraining Order (TRO) and asset freeze reflects a crucial win for Binance.US. This article explores the latest updates, shedding…

Brazil Passes New Law Regulating Cryptocurrency
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Brazil Passes New Law Regulating Cryptocurrency

Portaldobitcoin reported Brazil has passed a new law aimed at regulating the digital asset market. The law designates the country’s central bank as the primary regulator, granting it the authority to authorize and oversee operations within the cryptocurrency market. This move marks a crucial step towards creating a more secure and transparent environment for cryptocurrency…

The Future of Cryptocurrency Regulation: Insights from SEC Chairman Gensler
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The Future of Cryptocurrency Regulation: Insights from SEC Chairman Gensler

In a recent exclusive interview to CNBC, SEC Chair Gary Gensler provided valuable insights into the current state of cryptocurrency regulation and the SEC’s approach to addressing the challenges posed by the crypto industry. With the increasing prominence of cryptocurrencies and the emergence of various trading platforms, it has become imperative for regulatory bodies to…

Texas Passes Bill to Regulate Cryptocurrency for a Secure Digital Finance
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Texas Passes Bill to Regulate Cryptocurrency for a Secure Digital Finance

In the wake of the collapse of the FTX cryptocurrency exchange, which resulted in significant financial losses for many individuals, Texas is taking steps to regulate the digital banking industry. House Bill 1666, which is currently awaiting the governor’s signature, aims to protect cryptocurrency investors in the state and prevent fraud and theft by digital…

Hong Kong SFC Introduces Stringent Measures for Non-Security Token

Hong Kong SFC Introduces Stringent Measures for Non-Security Token

The Hong Kong Securities and Futures Commission (SFC) has recently launched a conclusions consultation on the regulation of virtual asset trading platforms. In an effort to enhance investor protection and ensure the integrity of the market, the SFC proposes several measures that will impact the operation of these platforms. Non-security tokens will be subject to…

OKX Applies for Regulatory Approval in France, Plans European Hub in Paris

OKX Applies for Regulatory Approval in France, Plans European Hub in Paris

Cryptocurrency exchange OKX has recently applied for regulatory approval in France as part of its expansion plans in Europe. The company aims to establish its European hub in Paris, joining other major players in the industry who have chosen the French capital as one of their operational centers. With the regulatory approval, OKX intends to…

Binance Banned by Westpac and PayID in Growing Regulatory Scrutiny

Binance Banned by Westpac and PayID in Growing Regulatory Scrutiny

Binance, the world’s largest cryptocurrency exchange, has been booted off the PayID system and banned by Westpac, a prominent Australian bank. PayID is a popular instant payment method in Australia that allows users to send and receive money using their phone number or email address. Binance Australia had been utilizing PayID to facilitate deposits into…

Texas Senate Passes Bill Requiring Crypto Exchanges to Provide Proof of Reserves

Texas Senate Passes Bill Requiring Crypto Exchanges to Provide Proof of Reserves

The Texas Senate has passed a bill that would require cryptocurrency exchanges to provide proof of reserves. The bill, HB 1666, was passed by the Senate on May 18, 2023. It now heads to the desk of Governor Greg Abbott, who is expected to sign it into law. The bill defines a “digital asset company”…