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.
On Tuesday, March 21, the Supreme Court of the United States is going to hear (1) its very first case ever involving crypto. The attorneys defending the cryptocurrency exchange Coinbase will be asking nine chief justices to hear their request to stop two class action lawsuits that have been filed against the cryptocurrency trading platform. … Read more
Ron DeSantis, the governor of Florida, is proposing a law that would make it illegal to use central bank-issued digital currencies (also known as CBDCs) anywhere within the state. The governor was quoted as saying in a press release that the parliamentary proposal is being considered in order to protect businesses and inhabitants of the … Read more
The design of central bank digital currencies (CBDCs) was investigated by the International Monetary Fund (IMF), which discovered certain dangers associated with Islamic banking as a result of their findings. The analysis conducted by the IMF revealed (1), to everyone’s surprise, that the flexibility of CBDCs and foreign exchange would operate in a manner inconsistent … Read more
Kaiko, a French company that provides statistics on the crypto market, will relocate its base from Singapore to Hong Kong to take advantage of the better opportunities available in the future center for Web3 enterprises. It was revealed in an interview with Ambre Soubiran, the Chief Executive Officer of Kaiko, that the company would be … Read more
Following an announcement made by the Financial Supervisory Commission of Taiwan (FSC), it will now serve as the principal regulating body for cryptocurrencies in Taiwan. A number of legislators have advocated for the Ministry of Digital Affairs (MODA) to take the lead role in regulating cryptocurrencies. Notwithstanding this, the FSC made it public by releasing … Read more
After the confirmation by the Wall Street investment company Jefferies that it is in discussions with a prospective buyer for the failing FTX exchange, it is possible that plans to establish FTX 2.0 may begin to take shape gradually. After being ordered to cease operations by the relevant authorities, the exchange is anticipated to recommence … Read more
As a result of the recent market rise for digital currencies as a whole, the value of the native XRP token that Ripple issues have recently reached $20 billion. AS of writing this article, t the value of XRP decreased by 1.24% over the past twenty-four hours, while the values of Bitcoin (BTC) increased by … Read more
As regulators ramp up their scrutiny of the cryptocurrency industry, Coinbase is mulling over the possibility of launching a new trading platform in countries outside the United States. American cryptocurrency market leader Coinbase is currently considering its choices concerning the development of a brand-new trading platform for cryptocurrencies. According to a report (1) by Bloomberg, … Read more
According to estimates made by the CEO of Messari, Ryan Selkis, the increasing pressure in the general financial market has been identified as a barometer for a more aggressive foundation that can fuel Bitcoin’s (BTC) price growth. Using his official Twitter account, Selkis expressed his belief that Bitcoin’s price might reach a target of $100,000 … Read more
The government of El Salvador has developed a brand new crypto program (1) just for its inhabitants. The Bitcoin Officer has made public an announcement regarding a brand new educational initiative that will run for a period of six months and be known as “CUBO+.” This initiative will utilize the Salvadoran university system in an … Read more