Newly disclosed court filings have shed light on the belief of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under the Howey Test, which is considered by the vast majority of crypto advocates to be an outdated legal framework …
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Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, has become a major voice in the continuing discussion about the legal classification of Ethereum by the United States Securities and Exchange Commission (SEC), arguing in favor of the platform’s non-security status. Broader Recognition Of Ethereum Security Nature Taking to the …
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Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license. Opening Doors For Retail And Institutional Investors According to a local media report, the VASP license obtained by Binance FZE allows the …
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On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill “solves key policy challenges that have lingered around previous proposals and provides prudential regulation and added consumer protections to stablecoin issuers,” said Lummis, who added, “But above all, it allows innovation to prosper.” The Senators …
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[PRESS RELEASE – New York, United States, April 9th, 2024] JST Digital (“the Company” or “JST”), a global financial services firm specializing in digital assets, today announced that it has joined the Stablecoin Standard, the industry body for stablecoin issuers globally, to help establish international standards for high-quality liquid stablecoins. Scott Freeman, Co-Founder & …
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Indonesia’s regulatory agency has issued a new rule that could potentially affect crypto assets in the country. According to local reports, firms must introduce their products to the Financial Services Authority (OJK)’s Regulatory Sandbox. Crypto Assets To Be Tested On Regulatory Sandbox Local reports by news media outlet DetikFinance informed …
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A recent development highlights the ongoing interagency drama between the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC): the classification of major cryptocurrencies has become a focal point of contention. Once again, the CFTC has affirmed its position that Ethereum (ETH) and several other cryptocurrencies …
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Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly introduced stricter requirements for listing new digital tokens. The move aims to strengthen investor protection against “rug pulls,” or fraudulent tokens, and address concerns about the alleged “lack of oversight” of token listings in the crypto industry. According to …
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In the ever-evolving landscape of Bitcoin, changes can be hard to keep up with. As we enter into a new year, it’s important to be mindful that significant industry shifts and expansions will likely occur. The increase in regulatory measures we’ve seen over the last year is expected to continue …
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According to a Bloomberg report, Binance, the world’s largest cryptocurrency exchange by trading volume, is encountering obstacles to re-enter the United Kingdom (UK) market. Local partners in the UK have reportedly shown reluctance to work with Binance due to “regulatory opposition,” hampering the exchange’s plans to regain a foothold in …
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Pakistan is one of the emerging markets in Southeast Asia with a population of approximately 250 million, and a country where the majority of the population lives below the poverty line. The people of Pakistan are hopeful; many believe that good times are coming, and the country’s future is bright …
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The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services. Apple has recently made a big decision to block certain popular cryptocurrency exchange apps from its App Store in India. This choice was influenced by the increasing regulatory pressure …
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