France’s National Gaming Authority (ANJ) is positioning itself to impose significant restrictions on Polymarket, a prominent prediction market that utilizes cryptocurrency. Reports suggest that this intervention represents one of the strictest regulatory actions against a crypto platform within France, reflecting the nation’s increasing apprehension regarding the intersection of blockchain technology and gambling. Polymarket, which has
Regulation
Recent events in U.S. politics have sparked debate regarding the future of cryptocurrency and its regulatory environment. Following Donald Trump’s presidential victory, Matthew Hougan, Chief Investment Officer of Bitwise, projected a potential “Golden Age of Crypto.” This optimism stems from the anticipation of more favorable regulatory conditions from the incoming administration, which could catalyze a
In a notable development in the realm of cryptocurrency, asset management firm 21Shares has submitted an application to the US Securities and Exchange Commission (SEC) to establish a spot XRP exchange-traded fund (ETF). This initiative, filed on November 1, involves the registration of their Core XRP Trust shares for potential listing on the Cboe BZX
The enforcement tactics employed by the U.S. Securities and Exchange Commission (SEC) have garnered increasing scrutiny as they target various firms within the rapidly evolving cryptocurrency landscape. A prime example of this is the recent issuance of a Wells notice to the blockchain gaming platform Immutable, which highlights concerns around the SEC’s approach to regulation.
Hong Kong is poised to enhance its position as a global hub for cryptocurrency trading, as Financial Secretary Paul Chan hinted at the prospect of additional licenses for crypto exchanges by the year’s end. This development is particularly significant given the rapid evolution of the digital asset industry and the growing interest from both local
In a bid to revolutionize the landscape of international finance, the Bank for International Settlements (BIS) has launched Project Mandala, collaborating with various central banks to address the complex regulatory nuances of cross-border transactions. This initiative, which involves central banks from countries like Australia, Korea, Malaysia, and Singapore, aims to streamline compliance in a realm
In an era where technological advancements are reshaping industries across the globe, the financial sector is at a critical crossroads. Charles Cascarilla, the CEO of Paxos, has addressed this urgency in an open letter directed to key political figures, including Vice President Kamala Harris and former President Donald Trump. His message underscores a pressing need
On October 29, 2023, Gemini, the well-known cryptocurrency exchange founded by the Winklevoss twins, announced that it had received in-principle approval from the Monetary Authority of Singapore (MAS) to offer cross-border money transfer services and digital payment token services. This milestone not only marks a significant step for Gemini but also underscores the company’s strategic
In the rapidly evolving landscape of digital currencies, the Satoshi Action Fund is making strides to secure legal protections for Bitcoin self-custody at the state level. This movement draws inspiration from the strategies employed by the cannabis industry, which has successfully navigated federal prohibitions through state-sanctioned initiatives. The crux of this argument is simple yet
As the digital asset landscape continues to evolve, South Korean authorities are taking significant steps toward establishing a structured regulatory framework for cross-border crypto transactions. Planned to be implemented by late 2025, this initiative, as reported on October 25 by Reuters, is aimed at enhancing oversight and preventing illicit activities associated with digital currencies. The