Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move reflects the company’s efforts to break into the crypto market and integrate digital assets with mainstream services. The Financial Supervisory Commission’s latest report now lists Taiwan
Regulation
Recently, South Korea’s Financial Supervisory Service (FSS) has announced its plans to tighten oversight of crypto trading platforms under its jurisdiction in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to establish a more secure and transparent environment for cryptocurrency trading. In a notice released on July 4, the
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a lawsuit related to its NFTs. Recently, a US District Judge in Massachusetts made a ruling that denied DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs. This particular decision has the potential to have widespread implications for how NFTs are
Galaxy Digital CEO Mike Novogratz believes that the future of the cryptocurrency sector in the US looks promising, regardless of the outcome of the 2024 presidential election. In a recent CNBC interview, Novogratz emphasized the importance of bipartisan support for crypto. He stated that it is crucial for both parties to back the industry to
Binance.US, the American arm of Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). The recent decision by the Court to allow the SEC’s case against Binance.US to proceed signals that the exchange is in for a tough legal fight. US District Judge Amy Berman
The Bahamas is set to expand access to its Central Bank Digital Currency (CBDC) known as the “Sand Dollar” by involving commercial banks, as stated by the country’s central bank governor. John Rolle, the Governor of the Central Bank of The Bahamas, outlined the plan to establish regulations within the next two years. The country
Circle made a significant announcement on July 1 by revealing that it had secured an e-money license from France, solidifying its position as the premier global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. This license, granted by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in
Vitalik Buterin, a co-founder of Ethereum, recently expressed his apprehensions about the current state of cryptocurrency regulation, particularly in the United States. He raised a crucial point regarding the paradoxical nature of the regulatory framework that he believes is hindering the growth and integrity of the industry. Buterin pointed out that the existing regulatory environment
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges and opportunities for regulators across the globe. One of the largest government bodies to tackle this issue is the European Union, which has implemented the Markets in Crypto-Assets regulation (MiCAR). However, a critical gap has emerged in the
The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the Securities and Exchange Commission (SEC) and its regulatory authority over the crypto industry. The Chevron doctrine, established in the 1984 case Chevron v. Natural Resources Defense Council, outlined a framework for federal courts to defer to agency