The Indian government is gearing up to implement a comprehensive set of regulations for the cryptocurrency sector, according to reports from local media sources. This move demonstrates a strong commitment to creating a regulatory framework for digital currencies within the country. Sources familiar with the matter have revealed that the government’s first step in this
Regulation
Recently, German authorities conducted a coordinated nationwide operation to confiscate $28 million in cash and 13 crypto ATMs in an effort to combat unlicensed activities in the country’s crypto market. This operation was spearheaded by the Federal Financial Supervisory Authority (BaFin) and involved collaboration with law enforcement and the German central bank. The crackdown targeted
The Nigerian Federal Inland Revenue Service (FIRS) is set to introduce new legislation aimed at taxing the rapidly growing crypto sector within the country. This move is part of a larger effort to modernize Nigeria’s regulatory framework and promote economic growth through innovation. FIRS Executive Chairman Zacch Adedeji recently presented the plan to the National
Senate Majority Leader Chuck Schumer, along with other prominent Democrats, recently spoke at a Crypto4Harris event to express their support for the crypto industry. Schumer emphasized the importance of regulatory clarity and bipartisan collaboration in shaping the future of crypto. He highlighted the need for common-sense regulations that can bring both Democrats and Republicans together
House Representative Ro Khanna, known for his pro-Bitcoin stance, has expressed optimism regarding the Biden administration’s plans to release a crypto regulation roadmap in the near future. According to Khanna, recent discussions between White House officials and industry leaders have paved the way for a positive statement that will outline a path towards reasonable regulation.
Crypto exchange Gemini co-founder Tyler Winklevoss recently criticized the crypto stance of Vice President Kamala Harris, referring to it as a “scam” in a post on Friday. This critique comes on the heels of Harris’s absence from a roundtable discussion with crypto leaders on Aug 8. Winklevoss did not hold back in highlighting the issues
The Securities and Exchange Commission of Thailand (SEC Thailand) recently made headlines by introducing a Digital Asset Regulatory Sandbox. This initiative is a bold move to support the testing and development of services related to digital assets. The sandbox provides a structured environment for businesses to explore innovative solutions within a regulated framework. One of
OKX CEO, Star Xu, recently issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. Xu stressed that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. It is evident
It has been reported by Bloomberg ETF analyst James Seyffart that options features are likely to be incorporated into Bitcoin exchange-traded funds (ETFs) in the United States. The anticipated timeframe for this addition is set for the fourth quarter, although Seyffart mentioned that it could potentially commence in the third quarter. The final decision from
The recent ruling by District Judge Analisa Torres from the District Court of the Southern District of New York has brought an end to the four-year-long dispute between Ripple and the US Securities and Exchange Commission (SEC). The court has imposed a $125 million fine on Ripple, a significant penalty that has sent shockwaves through
