Regulation

Last week marked a significant moment in the evolving landscape of cryptocurrency regulation, as TrustToken and TrueCoin—the entities responsible for the TrueUSD (TUSD) stablecoin—came to a settlement with the U.S. Securities and Exchange Commission (SEC). This settlement arises from allegations that the companies engaged in fraudulent and unregistered sales of investment contracts. Under the terms
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On September 30th, Ohio State Senator Niraj Antani took a significant step towards integrating cryptocurrency into the public financial system with the introduction of a new bill designed to legalize Bitcoin (BTC) and other digital currencies for tax payments in the state. This legislative move not only demonstrates Ohio’s willingness to embrace the turbulent world
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The Hong Kong Virtual Asset Exchange (HKVAX) recently marked a significant milestone by receiving licensing from the Hong Kong Securities and Futures Commission (SFC). This pivotal development allows HKVAX to operate a virtual asset trading platform, positioning it as the third licensed crypto exchange in the vibrant financial hub. More importantly, it becomes the first
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The landscape of cryptocurrency regulation in Japan is on the brink of transformation. Recently reported by Bloomberg News, the nation’s Financial Services Agency (FSA) is set to undertake a critical reassessment of its existing cryptocurrency framework. This review aims to lower tax burdens on digital asset gains and redefine the classification of cryptocurrencies by 2025,
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In a move that underscores the increasing relevance of blockchain technology in mainstream finance, Ripple has recently achieved in-principle approval from the Dubai Financial Services Authority (DFSA). Announced on October 1, this milestone positions Ripple as the pioneering blockchain-based payment service provider to secure licensing from the DFSA. Such an achievement not only solidifies Ripple’s
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The Financial Conduct Authority (FCA) of the UK, in conjunction with the Bank of England, has embarked on an ambitious new venture: the Digital Securities Sandbox (DSS). Officially launched to facilitate the exploration of distributed ledger technology (DLT) and tokenized assets within the context of traditional financial markets, the DSS sets out a clear agenda
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In recent years, the proliferation of virtual assets has prompted regulators worldwide to take action in safeguarding investors. Dubai’s Virtual Assets Regulatory Authority (VARA) has taken a significant step towards enhancing the security of the crypto market. With new guidelines set to take effect on October 1, 2023, the authority aims to curb misleading advertisements
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