The Nigerian Securities and Exchange Commission (SEC) recently announced the granting of “Approval-in-Principle” to two local crypto exchanges, Busha Digital Limited and Quidax, allowing them to begin operations under the Accelerated Regulatory Incubation Program (ARIP). This program was established to facilitate the onboarding of operational firms in preparation for the release of the Rules on
Regulation
OpenSea CEO, Devin Finzer, recently announced that the company had received a Wells Notice from the US Securities and Exchange Commission (SEC). The notice came as a shock to Finzer, who expressed surprise at the SEC’s broad action against creators and artists in the NFT space. In response, he stated, “We’re shocked the SEC would
In a recent turn of events, the US Securities and Exchange Commission (SEC) has taken action against Abra, a cryptocurrency lending firm, for its failure to register its crypto asset lending product, Abra Earn. This move comes after Abra’s owner, Plutus Lending LLC, was accused of operating as an unregistered investment company. The SEC’s Associate
In recent years, France has emerged as a favorable destination for prominent cryptocurrency firms such as Binance, Crypto.com, and Circle, which have all established their European headquarters in Paris. The country has garnered attention due to its advantageous tax rates, diverse talent pool, and a culture of innovation in the Web3 sector. Moreover, France has
Right off the bat, it is evident from the joint statement by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek that the European Union’s current regulatory framework for artificial intelligence (AI) is causing significant obstacles for innovation. They highlight the fragmented nature of the regulations, making it challenging for companies in the region to
The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief raised significant privacy and security concerns related to the CAT, particularly highlighting the implications for participants in the digital asset market. It argued
India is poised to introduce comprehensive regulations for the crypto sector, signaling the government’s commitment to establishing a regulatory framework for digital currencies. This initiative comes in the wake of Finance Minister Nirmala Sitharaman’s statement in October 2023, highlighting the need for unified crypto regulation among G20 nations. Sources familiar with the matter have revealed
In a recent nationwide operation, German authorities seized $28 million in cash and shut down 13 crypto ATMs as part of an effort to combat unlicensed financial activities. The move, led by the Federal Financial Supervisory Authority (BaFin), is part of a larger initiative to enhance control over the rapidly growing crypto market in Germany.