In a pivotal move towards enhancing the security and transparency of virtual asset transactions, Dubai’s Virtual Assets Regulatory Authority (VARA) has released updated marketing guidelines specifically addressing the promotion of digital currencies. These revisions, effective from October 1, serve as a framework intended not only for regulatory compliance but also for fostering a safer investment
Regulation
In a recent interview on Fox Business, Howard Lutnick, CEO of Cantor Fitzgerald, made a poignant call for regulatory bodies to categorize Bitcoin (BTC) similarly to commodities like gold and oil. This assertion underscores a growing sentiment among financial leaders that Bitcoin should no longer be viewed with skepticism, but rather acknowledged for its inherent
In a decisive move to modernize its financial landscape, Hong Kong’s financial regulators, namely the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), have unveiled a comprehensive plan aimed at synchronizing the city’s over-the-counter (OTC) derivatives reporting framework—including digital asset derivatives—with international standards. This initiative reflects the ever-evolving nature of global
Decentralized Finance (DeFi) platforms have surged in popularity, fundamentally altering the landscape of financial services. However, with this explosive growth comes increased scrutiny from regulatory bodies, as evidenced by the recent settlement between the US Securities and Exchange Commission (SEC) and Mango Markets, a decentralized autonomous organization (DAO). This case underscores the ongoing challenges that
Wyoming Senator Cynthia Lummis has sparked intrigue within the financial and regulatory landscape by suggesting that SEC Chair Gary Gensler may resign from his position in the near future. During her appearance on CNBC’s Squawk Box on September 27, Lummis countered claims that Gensler is deeply attached to his role, insisting that his tenure could
The landscape of cryptocurrency and blockchain technology has undergone dramatic changes in recent years, with debates surrounding the definition of money, the role of decentralization, and the responsibilities of developers. The recent ruling by Judge Katherine Polk Failla in the Southern District of New York, declaring that software code used in crypto protocols such as
In a recent interview on CNBC, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), asserted that Bitcoin is not a security, reinforcing the stance taken by prior SEC leadership. This distinction is vital amid ongoing debates regarding how cryptocurrencies fit within existing regulatory frameworks. Gensler emphasized that Bitcoin is classified as a
The fluctuating nature of cryptocurrencies presents both opportunities and challenges for investors. As the digital asset space continues to expand, the absence of a comprehensive regulatory framework in Australia has raised alarm bells among policymakers. The Australian Securities and Investments Commission (ASIC) is preparing to introduce a licensing regime specifically for crypto service providers, following
In an era where digital assets are becoming increasingly integrated into the global financial ecosystem, the need for clear and effective regulation of stablecoins has never been more pressing. As debated in recent congressional hearings, prominent figures in U.S. politics are advocating for a systematic approach to regulate stablecoins, which are designed to maintain a
Swiss-based crypto banking powerhouse Sygnum has recently made significant strides in its growth strategy by securing a crypto license in Liechtenstein. According to an announcement made on September 23, the company’s local subsidiary, Sygnum Europe AG, is now registered with the Financial Market Authority (FMA) of Liechtenstein under the Token and Trusted Technology Service Provider