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
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Sony Group, a prominent conglomerate in Japan, has made headlines with its recent acquisition of Amber Japan. This move will see Sony taking ownership of Amber Japan’s WhaleFin exchange, which will be rebranded as S.BLOX Co. The statement released on July 1 highlighted Sony’s plans to revamp the exchange’s UI screen and introduce a new
The Blast Network has emerged as a key player in the world of web3, offering a unique solution among the many Ethereum Layer 2 (L2) platforms. Launched by the creators of the Blur NFT marketplace, Blast Network’s mainnet, known as Blast Mainnet, was unveiled in February 2024 to tackle the challenges of high transaction fees
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 financial services company T-Rex Group has recently made headlines by filing for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This particular financial vehicle is expected to be one of the most volatile ETFs in the country, if approved by the Securities and Exchange Commission. The fund, named ‘T-Rex 2X
In a recent statement to the media, Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, emphasized that crypto is not a partisan issue. She highlighted that crypto has garnered bipartisan support and has captured the attention of voters throughout the United States. Bottoms noted that crypto and blockchain technologies are
Paradigm, a prominent firm in the blockchain ecosystem, recently raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). One of the key issues highlighted by Paradigm is the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. ESMA categorized MEV
Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
The recent settlement between Abra and CEO William “Bill” Barhydt with 25 US state regulators for providing crypto trading services without proper licenses has brought attention to the importance of regulatory compliance in the cryptocurrency industry. The Conference of State Bank Supervisors (CSBS) announced the terms of the settlement on June 26, highlighting the agreement