The latest set of regulations introduced by the US Department of the Treasury and the Internal Revenue Service (IRS) around digital asset service providers has sparked intense debate among industry experts and stakeholders. The newly released broker rules target various digital financial platforms, especially decentralized finance (DeFi) protocols, mandating them to undertake Know-Your-Customer (KYC) procedures.
Regulation
The collapse of the Terra USD (UST) stablecoin has sent shockwaves through the cryptocurrency landscape, drawing the scrutiny of regulators, investors, and market watchers alike. The Securities and Exchange Commission (SEC) has recently brought to light serious allegations against Tai Mo Shan Limited, a subsidiary of Jump Crypto, accusing the company of deliberately misleading investors
As the digital currency ecosystem evolves, 2025 is poised to usher in significant changes that could redefine the integration of cryptocurrency with traditional financial systems. A recent market outlook from Coinbase highlights three pivotal trends: the rise of tokenization, a resurgence of decentralized finance (DeFi), and an anticipated shift towards pro-crypto regulations in the United
The landscape of cryptocurrency investments is witnessing significant potential shifts, particularly with the anticipated changes under a new chairperson at the U.S. Securities and Exchange Commission (SEC). The discussions surrounding changes in crypto exchange-traded funds (ETFs), particularly in-kind redemptions and staking possibilities for Ethereum (ETH) products, indicate a growing openness towards innovation within this financial
The Bavarian State Office for Data Protection Supervision (BayLDA) is taking significant steps to regulate Worldcoin’s practices surrounding biometric data collection. After an in-depth investigation, the BayLDA has mandated that Worldcoin enhance its privacy protocols in accordance with the standards set out by the General Data Protection Regulation (GDPR). This decision reflects a broader movement
In a notable move to enhance its regulatory framework for virtual assets, Hong Kong’s Securities and Futures Commission (SFC) has licensed four additional virtual asset trading platforms (VATPs) as of December 18. This development not only emphasizes the SFC’s commitment to a structured regulatory environment but also aims to position Hong Kong as a leading
In a notable declaration, Charles Hoskinson, the pioneering founder of Cardano, has ignited a significant conversation regarding the governance of the Cardano Foundation. His remarks, shared on social media, advocate for the relocation of the Foundation to a jurisdiction that empowers the community to elect its board members. This bold proposition reflects a growing demand
The European Securities and Markets Authority (ESMA) has taken significant strides towards comprehensive regulation of the cryptocurrency sector with the official release of the Markets in Crypto-Assets (MiCA) guidance. Announced on December 17, this final document results from 18 months of rigorous consultation and development that has seen the creation of over 30 technical standards
In a decisive move to enhance transparency in the burgeoning cryptocurrency sector, the Nigerian Securities and Exchange Commission (SEC) has introduced stringent regulations aimed at influencers promoting digital assets. Recognizing the influence and reach of social media figures in shaping public perception and investment behavior, the SEC mandates that influencers ensuring any crypto product they
On December 16, 2023, the UK Financial Conduct Authority (FCA) announced a public consultation intended to refine and strengthen the regulatory framework governing cryptocurrencies in the country. This initiative marks a significant step towards creating a balanced approach that not only fosters innovation in the fast-evolving crypto space but also addresses the inherent risks associated