Blockchain Technology
/
Regulations -
1 month ago
Hong Kong’s Securities and Futures Commission (SFC) has warned the public against suspicious websites impersonating the two licensed crypto exchanges in the city-state, according to a Mar. 4 notice.
According to the notice, several sites impers...
Blockchain Technology
/
Regulations -
1 month ago
Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, accordi...
Blockchain Technology
/
Regulations -
1 month ago
Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law.
The initiative marks a significant deve...
Blockchain Technology
/
Regulations -
1 month ago
Online brokerage Webull decided to cut its crypto offerings because of the unfavorable regulatory landscape in the US as it waits for approval to list on Nasdaq via a special purpose acquisition company (SPAC), Bloomberg News reported on Feb. 28.
The...
Blockchain Technology
/
Regulations -
1 month ago
Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources.
Meanwhile, the Financial Times reported that two Binance executives hav...
Blockchain Technology
/
Regulations -
1 month ago
Senator Elizabeth Warren expressed willingness to engage the crypto industry if players in the industry adhere to regulatory standards akin to those in traditional finance.
In a Feb. 27 Bloomberg interview, Warren said:
“I want to collaborate w...
Blockchain Technology
/
Regulations -
1 month ago
HashKey, the operator of one of Hong Kong’s licensed crypto exchanges, secured an in-principle approval from Singapore’s leading financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license...
Blockchain Technology
/
Regulations -
1 month ago
The Chamber of Digital Commerce filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC, according to Feb. 27 court filings.
The Chamber explained that the purpose of the amicus brief is to end the SEC’s a...
Blockchain Technology
/
Regulations -
1 month ago
A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC), spotlighting the issue as a potential focal point in the 2024 presi...
Blockchain Technology
/
Regulations -
2 months ago
The Energy Information Administration (EIA) paused the controversial survey of crypto mining firms on Feb. 23 following a lawsuit from members of the crypto mining sector.
Crypto mining company Riot Platforms and the Texas Blockchain Council launched...
Blockchain Technology
/
Regulations -
2 months ago
House Majority Whip Tom Emmer warned on Feb. 22 that government agencies under the Biden administration are beginning to collect data on Bitcoin mining firms.
In a letter to the Office of Management and Budget (OMB), Emmer acknowledged that the OMB a...
Blockchain Technology
/
Regulations -
2 months ago
South Africa announced plans to weave digital payments and crypto into its financial fabric to boost the economy for marginalized groups.
The announcement was made in the country’s 2024 budget and underlines the government’s drive to buil...
Blockchain Technology
/
Regulations -
2 months ago
European Central Bank (ECB) officials stand firm on their assessment that Bitcoin holds no inherent value, despite its recent surge beyond $50,000 propelled by the introduction of multiple exchange-traded funds (ETFs) in the United States.
In a blog...
Blockchain Technology
/
Regulations -
2 months ago
Binance has acknowledged reports of Nigerian users encountering difficulties accessing its official website following the government’s directive to block prominent crypto platforms’ sites.
In a Feb. 22 email sent to its users and obtained...
Blockchain Technology
/
Regulations -
2 months ago
A key member of the US Securities and Exchange Commission’s (SEC) legal team, Ladan Stewart, stepped down from her role at the agency to join a pro-crypto law firm, Bloomberg Law reported on Feb. 21.
Stewart, who served as Regional Trial Couns...