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Crypto Regulation in the US Faces More Confusion After Contradictory Court Rulings
The US crypto industry is facing more uncertainty and confusion after two federal judges issued contradictory rulings on whether digital assets are securities that need to comply with the same rules as traditional financial products. The rulings, which involved two different crypto companies, Ripple Labs and Terraform Labs, could have significant implications for the future…
Read MoreWhy Russians Are Turning to Tether Amid Sanctions and Currency Crisis
The Russian rouble has been under pressure since the US and its allies imposed new sanctions on Russia over its military intervention in Ukraine. The rouble hit a record low of 103.5 per US dollar on Monday, February 28, 2023, losing more than 30% of its value since the start of the year. The sanctions…
Read MoreSEC vs Coinbase: A Battle for Crypto Regulation
The US Securities and Exchange Commission (SEC) has been cracking down on the crypto industry, claiming that most digital assets are securities that need to comply with the same rules as traditional financial products. However, one of the biggest crypto exchanges in the US, Coinbase, has challenged the SEC’s authority and refused to stop trading…
Read MoreKuwait Bans Crypto and Virtual Assets Transactions
Crypto, or cryptocurrency, is a digital form of money that is powered by blockchain technology and cryptography. Crypto can be used for various purposes, such as payments, investments, trading, and speculation. Virtual assets are digital representations of value that can be transferred, stored, or traded electronically, such as tokens, coins, or digital collectibles. Crypto and…
Read MoreBritain Rejects Call to Regulate Crypto as Gambling
Crypto, or cryptocurrency, is a digital form of money that is powered by blockchain technology and cryptography. Crypto can be used for various purposes, such as payments, investments, trading, and speculation. Gambling, on the other hand, is a form of entertainment that involves wagering money or something of value on an uncertain outcome, such as…
Read MoreNasdaq Halts Plans for Crypto Custody Service Amid Regulatory Uncertainty
Nasdaq, the second-largest stock exchange in the world by market capitalization, has decided to halt its plans to launch a crypto custody service for its clients, citing the regulatory uncertainty in the US crypto industry as the main reason . What is Crypto Custody Service? A crypto custody service is a service that allows institutional…
Read MoreG20 watchdog – Global rules leave crypto firms with no place to hide
The G20’s Financial Stability Board (FSB) has published its final recommendations on supervising firms that trade cryptoassets such as bitcoin, saying that they need to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties. The FSB, which coordinates financial regulation for the world’s 20 biggest economies, said that its…
Read MoreUK Lawmakers Call for a Dedicated Government Role to Oversee Crypto Regulation
The crypto market has been growing rapidly in recent years, attracting millions of investors, innovators, and users around the world. However, the lack of clear and consistent regulation has also created challenges and risks for the industry, such as market manipulation, fraud, hacking, tax evasion, and money laundering. To address these issues and promote the…
Read MoreCongress Introduces A Game-Changing Crypto Bill
The crypto market has been in a downtrend since the beginning of the year, with the price of bitcoin, ethereum, BNB, solana, cardano, and XRP losing more than 50% of their value from their all-time highs. However, there is a major development on Capitol Hill that could turn cryptocurrency prices around. On Tuesday, two U.S.…
Read MoreSEC sues Binance and CEO Zhao
The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the world’s largest crypto exchange, its CEO Changpeng Zhao, and its U.S.-based affiliates, BAM Trading and BAM Management, for allegedly lying to regulators and investors about their operations and offerings. The SEC accuses Binance and Zhao of operating unregistered national securities exchanges, broker-dealers,…
Read MoreSecret Democratic Plan For A Game-Changing U.S. Crypto Crackdown
The U.S. government has been accused of waging a secret war against the cryptocurrency industry, with some fearing that it could destroy all value of bitcoin, ethereum and other major cryptocurrencies. A leaked memo circulated to Democrat House financial services committee members has revealed the “key messages” lawmakers were told to stick to that could…
Read MoreBinance prefers UK to US for crypto regulation: Why and how?
Binance, the world’s largest cryptocurrency exchange by trading volume, has recently expressed its preference for the UK over the US as a destination for crypto regulation. The exchange, which has faced regulatory scrutiny and challenges in several countries, including Japan, Germany and the US, has said that it sees the UK as a more favourable…
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