Regulation

The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement
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Ohio State Senator Niraj Antani has recently made headlines with his proposed legislation aimed at legalizing Bitcoin (BTC) and other cryptocurrencies for tax and fee payments within the state. Introduced on September 30, this forward-thinking bill allows Ohio residents to settle state and local tax obligations using digital assets. This move positions Ohio to potentially
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In a groundbreaking development for the cryptocurrency landscape, Hong Kong Virtual Asset Exchange (HKVAX) has recently received a highly sought-after license from the Securities and Futures Commission (SFC) of Hong Kong. This achievement positions HKVAX as the third licensed crypto exchange in the region and, notably, the first to operate under a stringent regulatory framework
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In a significant development for the cryptocurrency market, Japan’s Financial Services Agency (FSA) is set to revisit its regulatory framework concerning digital assets. With an eye towards potential tax reductions on crypto gains and a reclassification of these assets, the FSA aims to cultivate a more favorable investment environment by 2025. This proactive approach, reported
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Ripple has recently made headlines by receiving an in-principle license from the Dubai Financial Services Authority (DFSA), a move that is poised to transform not only the company’s operations but also the broader landscape of financial services in the United Arab Emirates (UAE). As the first blockchain-based payment service provider to achieve this milestone, Ripple
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In a landmark decision, the United States Court of Appeals for the District of Columbia Circuit affirmed the legality of prediction markets that facilitate betting on U.S. elections. This ruling, issued on October 2, marks a significant turning point in the ongoing legal battles involving prediction markets and regulatory bodies, particularly the Commodity Futures Trading
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The ongoing conflict between the Securities and Exchange Commission (SEC) and Ripple Labs regarding the status of XRP has captured the attention of the cryptocurrency community and financial regulators alike. The SEC initiated legal proceedings against Ripple in December 2020, accusing the company of executing an unregistered securities offering totaling $1.3 billion through the sale
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The evolving landscape of financial technology has led to the introduction of the Digital Securities Sandbox (DSS) by the UK’s Financial Conduct Authority (FCA) and the Bank of England. This initiative represents an ambitious leap towards harnessing the capabilities of distributed ledger technology (DLT) and tokenized securities within established financial systems. The DSS, which is
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In recent news, South Korea’s Personal Information Protection Commission (PIPC) levied a staggering collective fine of KRW 1.14 billion (approximately $861,408) on Worldcoin and its affiliated company, Tools for Humanity (TFH). This regulatory action, taken on September 25, 2023, arose from significant violations of the Personal Information Protection Act (PIPA), particularly regarding the handling of
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