The network of rules, statutes, and legal procedures governing the cryptocurrency and blockchain businesses is collectively called “crypto regulation.” The legal standing of these businesses has been a hot topic of discussion ever since Bitcoin’s 2008 white paper. The issues facing legislators and regulators have completely changed. Some authorities have reacted negatively because they perceive cryptocurrency as threatening monetary authority. Others have embraced the sector due to its ability to connect distant economies and promote secure global commerce. However, the majority of the globe is still figuring out how to enact, oversee, and enforce the body of regulations governing such a new industry.
After forming a partnership with Sygnum Bank, the Swiss financial services company PostFinance will now be able to provide its 2.5 million customers with access to cryptocurrency holdings. (1) In the beginning, customers will be able to buy, keep, and sell coins like Bitcoin and Ether. In the future, additional tokens will be introduced. The … Read more
In the wee hours of Monday morning, the Hacker who was responsible for the theft at Euler Finance finally handed over the remaining sum of $31 million, marking the successful completion of the recovery efforts. The decentralized lending platform was the target of a flash loan attack on March 13, which resulted in the platform … Read more
Previously, Crédit Agricole CIB and SEB made a joint announcement regarding the launch of so|bond, a new public blockchain-based platform. According to the release (1), the platform’s primary objective will be to enhance the effectiveness of issuing digital bonds, albeit with a modicum of attention paid to environmental considerations. That is to say, although the … Read more
The SEC has announced a series of education programs that will focus on underrepresented groups and others. However, the SEC has also emphasized that competitors should be trained to take prudence while using cryptocurrency. In a statement made (1) on April 3, the Securities and Exchange Commission (SEC) stated that it would communicate to communities like high … Read more
The decentralized KuCoin Wallet is transitioning from its previous state as a straightforward Web 3.0 wallet to one that is capable of operating on a social finance (SocialFi) scale. The news regarding the rebranding was made on Monday, and it states that as of right now, KuCoin Wallet will be known as Halo Wallet. This … Read more
The cryptocurrency exchange Binance and its chief executive officer, Changpeng Zhao (CZ), are currently facing yet another set of challenges in the form of a prominent court case. Just a few days after the United States CFTC filed a lawsuit against Binance, the law firms of Moskowitz Law Firm and Boies Schiller Flexner also have … Read more
When crypto companies in the UK apply to various banks for access to various services, their applications are frequently denied, and they are needed to provide further paperwork. These companies face a number of obstacles and difficulties. (1) It all started in February, when HSBC Holdings plc and National Westminster Bank, also known as simply … Read more
According to a recent story published by The Information, Gemini is planning to introduce an international bitcoin derivatives exchange very shortly. According to the article, Gemini has been quietly at work over the past few months in order to get the idea closer to becoming a reality. As part of its efforts, the exchange is … Read more
In his most recent testimony before the House Appropriations Committee, Gary Gensler, Chairman of the US SEC, said that the United States had a perfectly suited law for the cryptocurrency business. According to a report (1), Gensler asserted that the existing Securities law already applies to crypto businesses and that there is no requirement for … Read more
Mercado Libre Inc, the most valuable e-commerce firm in Latin America with a market valuation of $61.56 billion, has made the announcement that it will be expanding its cryptocurrency trading services to Chile. (1) Users in Chile may now purchase, sell, and store Bitcoin (BTC) and Ethereum (ETH) directly within the Mercado Pago wallet app. … Read more