In a monumental win for the cryptocurrency industry, Ripple has emerged triumphant in its long-standing legal battle against the US Securities and Exchange Commission (SEC). A huge win today – as a matter of law – XRP is not a security. Also a matter of law – sales on exchanges are not securities. Sales by […]
The Ripple community reacted excitedly on Tuesday after the U.S. Securities and Exchange Commission (SEC) finally released internal documents pertaining to former commissioner William Hinman’s speech on digital assets back in 2018. However, the SEC’s decision to disclose the speech has not only intensified the ongoing legal battle but has also provoked a scathing response […]
In an exciting leap forward for the ever-evolving crypto landscape, the European Union (EU) has formally given its stamp of approval to the groundbreaking Markets in Crypto Assets (MiCA) regulation. With this milestone achievement, the EU is now poised to become the world’s first major jurisdiction with tailored regulations specifically designed for the thriving crypto […]
Bittrex, one of the oldest and most popular cryptocurrency exchanges in the US, has announced that it plans to shut down its US operations by April 30, 2023, citing “continued regulatory uncertainty” as the main reason for its decision. The exchange, which was founded ten years ago by three former Amazon employees, has been facing […]
Jair Bolsonaro, the president of Brazil, has approved the whole crypto regulation bill that had just been passed by the Senate and Chamber of Deputies of that nation on Thursday without making any changes. Brazil's President officially signs into law a bill legalizing crypto payments in the country — Blockworks (@Blockworks_) December 22, 2022 On […]
The rules governing the disclosure of and taxation of digital assets appear to be expanding and becoming more stringent in Rome. The adjustment is most likely to occur in conjunction with Italy’s 2023 budget, which is anticipated to target gains from cryptocurrency trading and wealth. According to Bloomberg, a proposal in the budget by the […]
According to a Coingecko report released last Thursday, South Korea, Singapore, and Japan are the nations most harmed by the demise of the cryptocurrency exchange FTX. Based on data from SimilarWeb from January to October, the study analyzes FTX.com’s monthly unique visitors and traffic by nation. The data, reported by News.Bitcoin shows that South Korea […]
Next week, the Chamber of Deputies will discuss the Brazilian cryptocurrency law, a project that aims to control the activities of cryptocurrency exchanges and custody agents as well as create clear guidelines for mining. On November 22, the law will be considered after it was put on hold before the general election that took place […]
Chairman of the Commodity Futures Trading Commission (CFTC) Rostin Behnam made some comments about cryptocurrencies in a recent interview with CNBC. Behnam was asked if the CFTC had a synergistic relationship with the US Securities and Exchange Commission (SEC) when it came to sharing resources to regulate the crypto industry. He responded by saying: “We […]
