Regulation
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Regulation
Regulation
US Senate votes to overturn SEC rule, allowing regulated firms to hold Bitcoin
60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn […]
Regulation
FalconX hit with $1.7 million fine for regulatory violations
The Commodity Futures Trading Commission (CFTC) has fined crypto trading firm FalconX a total of $1.7 million. CFTC said the penalty relates to the Seychelles-based brokerage platform’s failure to register as futures commission merchant (FCM). […]
Regulation
Philippines’ central bank greenlights pilot for Peso-backed stablecoin
BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins.ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject to final evaluations and approvals […]
Regulation
Australian tax office targets 1.2M crypto investors for tax compliance
Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax evasion has gained momentum, especially […]
Regulation
Thai SEC cracks down on misleading crypto ads
Thai SEC warns against deceptive crypto ads, urging compliance with regulations. Global regulators, the UK and Spain, have also been cracking down on misleading crypto promotions. Recent phishing incidents underscore the need for heightened vigilance […]
Regulation
Nigerian BICCoN calls for crypto exchanges round table with SEC chief amid crackdown
Recently, crypto exchanges like Binance have found themselves under serious scrutiny in Nigeria The BICCoN-led initiative for a meeting between the SEC chief and crypto exchanges reflects a commitment to fostering a conducive crypto environment. […]
Regulation
Russia has no plans for a total crypto ban, lawmaker says
Russia will not impose a total ban o cryptocurrency transactions in the country as some reports claimed. That’s according to Anton Gorelkin, the Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, […]
Regulation
Upcoming changes to Belgian gambling laws prompt shift to offshore Bitcoin casinos
The upcoming changes to Belgian gambling laws include bans on certain devices, gifts, bonuses, and free games. The age limit for punters will also be raised from 18 to 21 years. Many Belgian gamblers are […]
Regulation
Samourai Wallet co-founder released on $1M bond after pleading not guilty
Samourai Wallet founders have been charged with money laundering and operating an unlicensed business. Keonne Rodriguez, one of the co-founders, was released on a $1M bond after pleading not guilty in NYC court. The legal […]
