Tag Archives: Regulatory

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 …

Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore.  As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block …

In a recent interview with CNBC, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), provided insights into the status of spot Bitcoin ETF applications and highlighted concerns regarding alleged noncompliance and fraud within the crypto industry. Previous Denials Of Bitcoin ETF Reevaluated? During the Interview, Gensler …

In the ongoing clash between regulatory bodies over the classification and regulation of the crypto industry, CFTC Chair Rostin Behnam has added fuel to the fire by stating that most crypto assets are commodities under existing laws.  However, Behnam also acknowledged the existence of a “turf war” between regulatory bodies …

By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society. El Salvador has successfully overcome a significant regulatory hurdle as it pursues the introduction of Bitcoin-backed sovereign debt instruments, referred to as “volcano bonds”. The nation’s Digital …

Behind the wave of companies moving or deploying initiatives in the UAE is regulation. The country has introduced regulatory frameworks for decentralized autonomous organizations (DAOs), virtual asset providers, metaverses and other Web3-related entities. By offering regulatory clarity and a clear path to compliance — amid a crackdown in the United …

The name “Bitcoin ETF” has been making a lot of noise in the world of cryptocurrencies. But what is it, and why is everyone talking about it so much? Also, why is the US Securities and Exchange Commission (SEC) not eager to approve this new financial idea? What Is An …

Cryptocurrencies have been around for over a decade; yet, it’s only in recent years that the mainstream has recognized the full extent of their utility. Whether your business is using Bitcoin as a hedge against traditional currencies, trying to avoid the exorbitant fees charged by financial services institutions, or just …

Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether’s performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether  It’s possible that recent developments, …

Wallet of Satoshi, a leading provider of Bitcoin Lightning wallets, has announced its withdrawal from the US market. This move entails removing its application from both the Apple and Google app stores in the United States, marking a notable shift in the company’s operational focus. This decision, while abrupt, was …

Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The …

[PRESS RELEASE – Singapore, Singapore, November 22nd, 2023] GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA). GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal …