In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this sector. The initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
Regulation
Kenyan authorities are preparing to extradite Nadeem Anjarwalla, a Binance executive wanted by the Nigerian government. Anjarwalla was apprehended in Kenya after a coordinated effort involving the EFCC, Nigeria Police Force, Kenya Police Service, FBI, and INTERPOL. Following his arrest, reports indicate that he will be extradited to Nigeria to face charges related to tax
Investors are showing renewed interest in Ethereum as on-chain data reveals a significant accumulation trend among Ether holders. Over $500 million worth of ETH has left centralized exchanges in the past week, marking the highest single-week outflow since February. This strategic withdrawal from exchanges suggests that investors are looking to hold onto their Ether for
The upcoming MiCA regulation is set to bring significant changes to the crypto industry, requiring companies to ensure compliance for a smooth transition. As the European Union (EU) takes steps towards regulating the crypto-asset market, companies need to be prepared for the implications of MiCA on their operations. Key Requirements of MiCA MiCA aims to
US Senators Cynthia Lummis and Kirsten Gillibrand have recently introduced a legislative bill that has stirred up controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky harshly criticized the Lummis-Gillibrand Payment Stablecoin Act, labeling it as “deeply flawed.” He expressed concerns that the proposed legislation would effectively limit the issuance of algorithmic stablecoins
The provincial government of Buenos Aires has lodged a formal accusation against Worldcoin, alleging that the company has violated consumer protection laws through the inclusion of “abusive clauses” in its user agreement. These allegedly unfair terms reportedly give Worldcoin the ability to halt services without any obligation to provide repair or reimbursement to its users.
Recently, a high-ranking Binance executive, Nadeem Anjarwalla, found himself at the center of a legal storm involving allegations of currency manipulation and illicit fund transactions in Nigeria. Anjarwalla managed to escape custody in Nigeria and was later located in Kenya, where efforts are being made to extradite him back to Nigeria with the help of
Recent discussions between House leaders and Senate Majority Leader Chuck Schumer have sparked speculation about potential action on stablecoin legislation in the upcoming sessions. The House Financial Services Chair Patrick McHenry and ranking member Maxine Waters have engaged in talks with Schumer, highlighting the need for regulatory clarity in the field of financial technology. Reports
When it comes to data on the blockchain, the question of whether to reveal or not is starting to gain traction. The concepts of transparency and immutability have the potential to democratize data by reducing the control of large power structures. However, there is also a growing desire among individuals to have personal ownership over
Dapper Labs, a prominent player in the NFT market with projects like NBA Top Shot and CryptoKitties, has recently faced scrutiny from the U.S. Securities and Exchange Commission (SEC). The investigation, although closed in September 2023, has sparked curiosity among many observers about the events that transpired. In this article, we will delve into the