The Indian government is gearing up to implement extensive regulations for the cryptocurrency sector, as reported by local media on August 22. It has been revealed that the first course of action will involve releasing a consultation paper in the next few weeks to seek feedback from key stakeholders. This move underscores the government’s dedication
Regulation
German authorities recently seized $28 million in cash and shut down 13 crypto ATMs in a nationwide operation aimed at combating unlicensed financial activities within the country. Spearheaded by the Federal Financial Supervisory Authority (BaFin), this coordinated effort signifies Germany’s commitment to regulating the rapidly expanding crypto market. The operation, carried out in conjunction with
The Nigerian Federal Inland Revenue Service (FIRS) is taking steps to introduce new legislation to tax the rapidly growing crypto sector within the country. This decision was announced by FIRS Executive Chairman Zacch Adedeji during a session with the National Assembly’s Finance Committees. The main goal of this new regulation is to boost economic growth
Last night, Senator Chuck Schumer, alongside other prominent Democrats, voiced their support for crypto at a Crypto4Harris event. Schumer stressed the importance of regulatory clarity and bipartisan collaboration in shaping the future of the industry. He highlighted the need for common-sense regulations and expressed his goal of passing comprehensive crypto legislation by the end of
As discussions between industry leaders and White House officials continue, Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna anticipates that the Biden administration will soon unveil a cryptocurrency regulation roadmap. Khanna expressed hope that these forthcoming regulations will provide clear guidelines for companies to ensure compliance while fostering innovation and job creation within the United
The crypto exchange Gemini co-founder, Tyler Winklevoss, recently made headlines with his scathing remarks about the Vice President Kamala Harris’ crypto stance reset. In a social media post, Winklevoss labeled Harris’ actions as a “scam” following the Federal Reserve’s crackdown on a crypto-friendly bank. This bold accusation raises significant questions about the motives and implications
The Securities and Exchange Commission of Thailand (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, aimed at fostering innovation and development within the digital asset sector. This initiative provides a structured environment where businesses can test and refine their services related to digital assets while operating within a regulated framework. One
The recent warning issued by OKX CEO Star Xu regarding the risks associated with interacting with the sanctioned crypto mixer Tornado Cash raises important concerns for users. Xu emphasized that deposits or withdrawals involving sanctioned entities could lead to compliance risks and potential account suspension on the exchange. Xu reiterated OKX’s commitment to adhering to
The addition of options features to Bitcoin (BTC) exchange-traded funds (ETFs) in the US is a topic of growing interest. Bloomberg ETF analyst James Seyffart has indicated that these features are likely to be introduced in the fourth quarter. However, there is also a possibility that this offering could start as early as the third
In a significant development, the US Securities and Exchange Commission (SEC) has succeeded in its lawsuit against Ripple, with the court imposing a hefty fine of $125 million on the company. This legal battle, which has been ongoing for four years, has finally come to a conclusion. Following the announcement of the court ruling, XRP’s
