Nigeria’s SEC Sets 30-Day Deadline for Crypto Exchanges and Digital Asset Traders to Re-register
In a significant move to regulate the burgeoning digital asset market, Nigeria’s Securities and Exchange Commission (SEC) has issued a directive to all cryptocurrency exchanges and digital asset traders operating within the country. They have been given…
Bank of Canada Reduces Interest Rate by 0.25%
Months of speculation came to a head on Wednesday when the Bank of Canada (BoC) announced the first interest rate cut of the cycle. The long-awaited and much-anticipated move from the central bank was a decrease of 25 basis points, bringing the policy…
Coinbase Donates $25 Million to Fairshake’s Super PAC: A Closer Look
In a significant move that underscores the growing influence of the cryptocurrency industry in political circles, Coinbase, one of the leading cryptocurrency exchanges, has contributed $25 million to Fairshake’s super PAC. This…
Turkey Considers Taxing Stock Gains and Crypto Investments in Fiscal Tightening Strategy
Turkey is exploring measures to shore up its budget deficit, including taxing proceeds from investments in stocks and cryptoassets. The move comes as part of a broader fiscal tightening strategy aimed at addressing economic challenges. The…
Coinbase Appeals SEC Case and FIT21 Act
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). The central question revolves around whether traditional securities rules should apply to…
White House Rejects FIT 21’s Current Form, Seeks Collaborative Regulation
In a recent turn of events, the White House has officially expressed its opposition to the passage of the Financial Innovation and Technology for the 21st Century Act (FIT 21) in its current form. Despite this, the administration has conveyed a clear…
Ethereum Co-Founder Joe Lubin Criticizes SEC for Spreading ‘FUD’
Recently, Ethereum co-founder Joe Lubin voiced his concerns over the U.S. Securities and Exchange Commission’s (SEC) approach towards the crypto industry, which he believes is designed to instill “fear, uncertainty, and doubt” (FUD).…
Stakeholders Rally Behind EU’s Digital Asset Framework and Solicitation Regulations
In a significant development for the digital asset space within the European Union, the European Securities and Markets Authority (ESMA) has garnered substantial support from its Securities and Markets Stakeholder Group (SMSG) on two pivotal…
SEC Warns Robinhood That Its Crypto Business Faces Lawsuit
Robinhood Markets Inc., the popular stock trading app, has recently received a Wells notice from the US Securities and Exchange Commission (SEC). The notice indicates that the SEC is preparing for a potential enforcement action against Robinhood’s crypto…
Terra Founder Do Kwon Challenges Extradition Amid Legal Battle
Do Kwon, co-founder of Terraform Labs, finds himself entangled in a legal saga that spans continents. As the Montenegrin legal system grapples with his extradition, Kwon’s legal team has initiated a new appeal, raising concerns about the…