The Nigerian Securities and Exchange Commission (SEC) has recently granted two local crypto exchanges, Busha Digital Limited and Quidax, “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). These approvals are part of the SEC’s efforts to promote innovation while ensuring investor protection within the digital asset space. The ARIP was designed to
Regulation
When it comes to the world of cryptocurrency, one of the important aspects to consider is the age requirements for buying and selling digital assets. Knowing the minimum age needed to purchase cryptocurrencies legally in 2024 is crucial for compliance with regulations and making informed decisions within the crypto market. In 2024, the typical minimum
The US Securities and Exchange Commission has recently set its sights on various cryptocurrency platforms, with its most recent target being the NFT platform OpenSea. OpenSea’s CEO, Devin Finzer, took to social media to express his disappointment in the SEC’s actions. Finzer revealed that OpenSea had received a Wells Notice from the SEC, signaling that
Devin Finzer, the CEO of OpenSea, recently made an announcement regarding receiving a Wells Notice from the US Securities and Exchange Commission (SEC). The SEC believes that the NFTs traded on OpenSea’s platform should be classified as securities. Finzer’s response to this notice was one of surprise and defiance, as he expressed shock at the
France has seen a significant increase in crypto businesses establishing their European headquarters in the country over the past decade. This rise can be attributed to favorable tax rates, a talented pool of individuals from across Europe, and a strong culture of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations
The European Union’s regulatory structure is viewed as a hindrance to artificial intelligence (AI) innovation by Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek. They highlight the fragmented nature of the EU’s AI regulatory framework, which they believe is impeding the progress of businesses in the region. According to them, the lack of clear
German authorities recently seized nearly 250,000 euros and 13 crypto ATMs during a nationwide crackdown on unlicensed cryptocurrency machines. The operation, led by the Federal Financial Supervisory Authority (BaFin), aimed to strengthen regulatory oversight in Germany’s rapidly expanding crypto sector. On August 20, officials targeted 35 locations where crypto ATMs were allegedly operating without proper
There has been a recent development in the case of former Binance CEO Changpeng Zhao, commonly known as CZ. He has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has sparked confusion among X users, who mistakenly believed that he had been released. However, it is
The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as reported by local media on August 22. This move signifies a significant step towards establishing a regulatory framework for digital currencies in the country. The upcoming plan involves releasing a consultation paper in the coming weeks to gather feedback from
German authorities recently carried out a coordinated nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), resulted in the confiscation of $28 million in cash and 13 crypto ATMs. This action underscores Germany’s commitment to mitigating the risks associated with