Regulation

Recently, Portugal’s National Data Protection Commission (CNPD) made a bold move by announcing a ban on Worldcoin from collecting biometric data for a period of three months. The CNPD cited various reasons for this decision, including allegations that Worldcoin lacks a mechanism to verify the age of its members. Moreover, the commission pointed out that

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently announced its decision to impose sanctions on 13 entities and two individuals operating in the financial services and technology sectors of the Russian economy. These sanctions target companies that develop or offer services in virtual assets that facilitate the evasion of US

WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, recently received regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business in the state. This approval comes in the form of a charter allowing the company to operate as a limited-purpose trust company under the New York Banking Law.

The Commodities and Futures Trading Commission (CFTC) has recently given the green light to Coinbase Derivatives Exchange for listing futures contracts linked to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). These new listings are set to go live on or after April 1, 2024. It is worth noting that all three contracts were officially

The recent delay in the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has raised significant concerns within the crypto community. Investment firms such as VanEck, Ark Invest, Hashdex, and Grayscale have all been affected by these delays, sparking discussions about the future of crypto

The UK Financial Conduct Authority (FCA) recently made headlines with its announcement to recover $8 million in costs associated with the supervision of stablecoins and cryptocurrencies. This move is expected to have a significant impact on the UK market and all entities operating within it. The FCA’s plan to recover £6.4 million through fees imposed

Recently, US SEC chair Gary Gensler spoke out against the rising trend of “AI washing” in the financial sector. This deceptive practice involves making false claims about the use of artificial intelligence to attract investors and improve stock prices. Gensler warned that such activities could potentially violate securities laws, highlighting the importance of transparency and

In a dramatic turn of events, a Federal High Court in Nigeria has issued a decree demanding that Binance, the popular cryptocurrency exchange, hand over detailed information regarding all of its users in the country to the Economic and Financial Crimes Commission (EFCC). This mandate comes amidst a backdrop of escalating tensions between the exchange

The Asia Pacific region has become a thriving environment for the technology industry, with countries like Singapore, Hong Kong, and Japan leading the charge in innovation. One of the key drivers of this growth is the progressive regulatory stance taken by these jurisdictions. Singapore, for example, implemented stablecoin regulation early on, setting a precedent for

Grayscale, a prominent asset management firm, has made significant amendments to its regulatory filing in an effort to convert its Ethereum Trust into a spot exchange-traded fund (ETF). The latest update, which was filed on March 15, builds upon the company’s original filing and enhances it in various ways. One of the key aspects of