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
Regulation
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced a significant overhaul of its Anti-Money Laundering (AML) laws aimed specifically at virtual asset service providers (VASPs). This development marks a pivotal shift in Taiwan’s regulatory landscape for cryptocurrencies, reflecting an increased commitment to combat financial crime while fostering a transparent digital assets market. Commencing January
In recent years, the emergence of cryptocurrencies has revolutionized the way we perceive financial systems worldwide. Semilore Faleti stands at the forefront of this transformation, rapidly establishing himself as a knowledgeable cryptocurrency writer and journalist. His foray into the complex world of digital assets is characterized by a unique blend of analytical rigor and an
In recent months, a striking shift has occurred in how U.S. voters perceive cryptocurrency in the political arena. A survey conducted by ConsenSys in collaboration with HarrisX indicates that nearly half of the American electorate—49%—views a pro-cryptocurrency stance as a significant criterion when evaluating political candidates. This sentiment underscores a burgeoning realization that cryptocurrency is
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
In a surprising announcement that has sent ripples through the financial and cryptocurrency sectors, Gurbir Grewal, the Director of Enforcement for the U.S. Securities and Exchange Commission (SEC), has announced his resignation, effective October 11, 2024. This departure comes at a pivotal time for the SEC, especially as it proceeds with a significant legal appeal
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
On October 2, 2023, the U.S. Securities and Exchange Commission (SEC) reignited its legal battle against Ripple Labs by filing a notice of appeal concerning a pivotal court ruling. This marks another chapter in the lengthy contest over whether the XRP token, associated with Ripple, constitutes a security under U.S. law. The appeal seeks to
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
In a significant development for cryptocurrency enthusiasts, Kraken has announced that it will cease support for Monero (XMR) within the European Economic Area (EEA) by the end of October 2024. This decision, articulated in an October 1 statement, underscores the growing complexities surrounding cryptocurrency regulations in Europe. The exchange expressed that the current regulatory landscape