Regulation

Keisha Lance Bottoms, set to become Joe Biden’s senior campaign adviser, recently highlighted the significance of cryptocurrency as a nonpartisan issue. In a statement to The Hill, she emphasized that crypto is not a political matter, but rather a unifying force that has garnered bipartisan support. Bottoms pointed out that crypto and blockchain technologies are
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Paradigm, a reputable firm in the crypto space, has expressed significant concerns over the proposed regulations by the European Securities and Markets Authority (ESMA) under the Markets in Crypto Assets Regulation (MiCA). The firm’s detailed response to ESMA’s consultation package highlighted potential negative impacts on both EU citizens and the broader crypto ecosystem that could
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The Securities and Exchange Commission (SEC) in Nigeria has recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses or face enforcement actions for non-compliance. The SEC announced the initiation of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) as part of their efforts to
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Louisiana Governor Jeff Landry recently signed a bill, HB 488, that has far-reaching implications for the cryptocurrency industry. The bill prohibits the use of central bank digital currencies (CBDCs) and protects crypto mining within the state. This move ensures that individuals and businesses retain the ability to accept crypto for goods and services, as well
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Coinbase, one of the leading cryptocurrency exchanges, is facing potential regulatory challenges due to its compliance with new Financial Accounting Standards Board (FASB) rules. These rules, which shift the accounting and disclosure for crypto to a fair-value model from a cost-less-impairment model, have raised concerns among accounting experts. MarketWatch highlighted these concerns in a report
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