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.
According to the most recent White House report to Congress, the government of former Vice President Joe Biden mentioned that most crypto assets are either uncontrolled securities, a commodity, a derivative, or other investment derivatives, depending on the basics underpinning them. As a consequence, all digital assets, except for Bitcoin, which is generally considered digital … Read more
The Economic Affairs Committee of the French National Assembly met on Wednesday to discuss marketing and promotions in France relating to cryptocurrencies that were made by celebrities on social media. It was decided that such practices should be made illegal in order to safeguard consumers from any potential dangers they may face. The amendment to … Read more
ConsenSys announced that its Web3 wallet for companies, also known as MetaMask Institutional, had introduced the first institutional staking platform on March 22. This was accomplished in conjunction with Allnodes, Kiln, and Blockdaemon. Exchange for Institutional Staking on the MetaMask Platform This new marketplace will employ ConsenSys’ native technology, also known as ConsenSys staking, … Read more
The United States SEC has leveled allegations of cryptocurrency violations against Justin Sun, the founder of Tron. The allegations (1) include selling and airdropping unregistered securities. In addition to these allegations, the financial regulator disclosed that the Chinese-born Grenadian crypto entrepreneur is being investigated for fraud and market manipulation. Justin Sun is accused of … Read more
Because of the increased social involvement from the top officials, cryptocurrency traders have considerably changed their attention to XRP, which is the sixth largest digital asset. The surge in the price of XRP on Wednesday, which has been dubbed the “Messari Pump,” occurred after the cryptocurrency gained more than 20 percent in value during the … Read more
The Internal Revenue Agency (IRS) may be considering a policy change that would prohibit individuals from contributing non-qualified financial assets (NFTs) to individual retirement accounts (IRAs). This comes as a result of the Internal Revenue Service (IRS) and the United States Treasury Department (Treasury Department) announcing their intentions to publish recommendations that would treat non-fungible … Read more
Although the crypto winter continues, investment management business BlackRock and wealth management firm Fidelity Investments quietly extend into the realm of bitcoin, ether, and other crypto assets. Investors are gradually losing hope in a rebound as the crypto winter drags on. Notwithstanding the devastating losses that have sliced the market and led BTC and ETH … Read more
Web 3.0 artificial intelligence (AI)-driven social network OP3N (1) has just announced that it has closed a Series A investment round with a total amount of $28 million at a valuation of $100 million. According to release (2), the newly raised funds will be put toward the continued development of its chat-based product, which will … Read more
Coinbase Global Inc, a cryptocurrency exchange, contended on Tuesday, March 21, before the United States Supreme Court that its present conflicts on pushing clients into arbitration must effectively freeze the courts while the issues are being played out. This new legal precedent for digital assets was handed down by the industry’s top court as a … Read more
The American global financial services company Mastercard Inc has engaged in a strategic agreement with Fintech Stables, an Australian startup, with the goal of accelerating the adoption of stablecoins in the Asia-Pacific area. Users of the Stables platform will be able to make payments for items and services with their USD Coin (USDC) at any … Read more