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US SEC Chief Gary Gensler To Step Down Clearing Way For Trump's Pick
The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office.
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Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
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Bitcoin Reaches Record High Of $90,000 As Trump Pledges To Ease Regulations
Bitcoin struck a record high above $93,000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens.
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India, Qatar's Financial Intelligence Units Partner to Combat Money Laundering through Virtual Digital Assets
This week, the Financial Intelligence Units of India and the UAE met in New Delhi to finalise an agreement. The two nations committed to collaborating in efforts to prevent the misuse of crypto assets by unlawful entities for illicit financial transfers.
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Harris Vs. Trump: Views On AI Regulation Takes Centre Stage In US Polls
Its not surprising that technology regulation is an important issue in the 2024 US presidential campaign.
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Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns
The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.
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Cardi B-Endorsed Memecoin Under UAE Investigation as Regulators Clamp Down on Crypto
In a new development, the UAE has opened an investigation into a crypto token named WAP that is endorsed by rapper Cardi B, who has one of her most popular songs also named after the same abbreviation. Regulators are examining whether the token violates securities laws.
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Crypto.com Sues US SEC After Receiving Legal Threat from Regulator
Crypto.com filed a lawsuit against the US Securities and Exchange Commission (SEC). The case filed also names SEC Chair Gary Gensler and four other commissioners as defendants.
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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IMF Asks El Salvador to Narrow Scope of Bitcoin Law, Limit Public Exposure
IMF spokesperson Julie Kozack has said that El Salvador should narrow the scope of the Bitcoin law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin.
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Japan Crypto Review May Open Door to Lower Taxes, Dedicated ETFs
Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.
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Dubai's VARA Announces Stricter Regulations for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people that engaging with digital assets could be financially risky.
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Coinbase Locks Horns with US SEC in Court Over Crypto Rulemaking
Coinbase, the largest US crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022. The cryptocurrency exchange has pressed the agency to create new rules for digital assets.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
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US SEC Chief Gary Gensler To Step Down Clearing Way For Trump's Pick
The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office.
-
Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
-
Bitcoin Reaches Record High Of $90,000 As Trump Pledges To Ease Regulations
Bitcoin struck a record high above $93,000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens.
-
India, Qatar's Financial Intelligence Units Partner to Combat Money Laundering through Virtual Digital Assets
This week, the Financial Intelligence Units of India and the UAE met in New Delhi to finalise an agreement. The two nations committed to collaborating in efforts to prevent the misuse of crypto assets by unlawful entities for illicit financial transfers.
-
Harris Vs. Trump: Views On AI Regulation Takes Centre Stage In US Polls
Its not surprising that technology regulation is an important issue in the 2024 US presidential campaign.
-
Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns
The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.
-
Cardi B-Endorsed Memecoin Under UAE Investigation as Regulators Clamp Down on Crypto
In a new development, the UAE has opened an investigation into a crypto token named WAP that is endorsed by rapper Cardi B, who has one of her most popular songs also named after the same abbreviation. Regulators are examining whether the token violates securities laws.
-
Crypto.com Sues US SEC After Receiving Legal Threat from Regulator
Crypto.com filed a lawsuit against the US Securities and Exchange Commission (SEC). The case filed also names SEC Chair Gary Gensler and four other commissioners as defendants.
-
UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
IMF Asks El Salvador to Narrow Scope of Bitcoin Law, Limit Public Exposure
IMF spokesperson Julie Kozack has said that El Salvador should narrow the scope of the Bitcoin law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin.
-
Japan Crypto Review May Open Door to Lower Taxes, Dedicated ETFs
Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.
-
Dubai's VARA Announces Stricter Regulations for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people that engaging with digital assets could be financially risky.
-
Coinbase Locks Horns with US SEC in Court Over Crypto Rulemaking
Coinbase, the largest US crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022. The cryptocurrency exchange has pressed the agency to create new rules for digital assets.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
