In a decisive move to combat escalating cybercrimes, German authorities have recently announced the closure of 47 cryptocurrency exchanges. This action stems from comprehensive investigations conducted by the Central Office for Combating Internet Crime (ZIT) in collaboration with the Federal Criminal Police Office (BKA). The exchanges were found guilty of facilitating laundering activities for illicit
Regulation
Louisiana has taken a significant step into the world of digital finance by allowing residents to make payments to state agencies using Bitcoin and the stablecoin USDC, as revealed in a press release on September 18. This integration marks a pivotal transition in how state finances may operate, with the Louisiana Department of Wildlife and
The regulatory landscape surrounding non-fungible tokens (NFTs) has become increasingly contentious, as illustrated by a recent enforcement action taken by the Securities and Exchange Commission (SEC) against the Flyfish Club NFT collection. SEC Commissioners Hester M. Peirce and Mark T. Uyeda have publicly criticized this decision, highlighting significant concerns about the applicability of securities laws
In an era where technology continuously reshapes our interaction with markets, Congressman Ritchie Torres stands at the forefront of advocating for a balanced regulatory approach concerning election-related prediction markets. In a recent correspondence to the Commodity Futures Trading Commission (CFTC) Chair, Rostin Behnam, Torres urged the agency to embrace innovation rather than stifle it. His
The rise of cryptocurrencies has created a digital frontier that is as alluring as it is perilous, particularly concerning the custody of these assets. Unlike traditional financial instruments such as stocks and bonds, the management of crypto assets entails unique challenges, primarily because of the heightened risk of cybercrime. As the market for crypto custody
In a significant move within the cryptocurrency trading landscape, eToro has announced a cease in trading for most digital assets on its platform, following a settlement of $1.5 million with the US Securities and Exchange Commission (SEC) on September 12. This decision marks a turning point for the platform, which has faced scrutiny for allowing
The Securities and Exchange Commission (SEC) finds itself in the crosshairs of a congressional investigation, igniting debates about the integrity and impartiality of one of the nation’s primary financial regulatory bodies. This investigation stems from accusations that the SEC, under Chairman Gary Gensler’s stewardship, may have engaged in hiring practices that prioritize political affiliations over
The Law Commission of the United Kingdom Parliament recently introduced the Property (Digital Assets, etc.) Bill in an effort to legally recognize digital holdings, including cryptocurrencies, non-fungible tokens (NFTs), and carbon credits. This groundbreaking legislation aims to clarify the legal status of these assets under British law, marking a significant milestone in the evolution of
The Commodity Futures Trading Commission (CFTC) has taken a stand against the surge in crypto scams known as “pig butchering” by collaborating with federal and private organizations. These scams have caused billions in losses due to lack of awareness and understanding among consumers. The CFTC’s campaign aims to educate the public on recognizing warning signs
The Digital Chamber (TDC) has recently made a bold move by calling on Congress to pass legislation that would classify certain non-fungible tokens (NFTs) as consumer goods, thereby exempting them from federal securities laws. The organization argues that NFTs created for consumptive use, such as digital art, collectibles, and video game assets, should not be