60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn […]
The Commodity Futures Trading Commission (CFTC) has fined crypto trading firm FalconX a total of $1.7 million. CFTC said the penalty relates to the Seychelles-based brokerage platform’s failure to register as futures commission merchant (FCM). […]
BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins.ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject to final evaluations and approvals […]
Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax evasion has gained momentum, especially […]
Thai SEC warns against deceptive crypto ads, urging compliance with regulations. Global regulators, the UK and Spain, have also been cracking down on misleading crypto promotions. Recent phishing incidents underscore the need for heightened vigilance […]
Recently, crypto exchanges like Binance have found themselves under serious scrutiny in Nigeria The BICCoN-led initiative for a meeting between the SEC chief and crypto exchanges reflects a commitment to fostering a conducive crypto environment. […]
Russia will not impose a total ban o cryptocurrency transactions in the country as some reports claimed. That’s according to Anton Gorelkin, the Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, […]
The upcoming changes to Belgian gambling laws include bans on certain devices, gifts, bonuses, and free games. The age limit for punters will also be raised from 18 to 21 years. Many Belgian gamblers are […]
Samourai Wallet founders have been charged with money laundering and operating an unlicensed business. Keonne Rodriguez, one of the co-founders, was released on a $1M bond after pleading not guilty in NYC court. The legal […]
SEC began investigtions into Ethereum as a security in March 2023. The regulator sent subpoenas and a Wells Notice to Consensys, a Ethereum development firm. The US Securities and Exchange Commission (SEC) has reportedly viewed […]
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