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
Regulation
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
The recent introduction of a new bill in the Senate has sparked a debate on strengthening the US Secret Service’s authority to investigate crimes involving cryptocurrencies. Led by bipartisan efforts from Senator Catherine Cortez Masto and Senator Chuck Grassley, the bill aims to combat transnational cybercriminal activities and address the urgent need for robust measures
In a recent interview, Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, shared his invaluable insights on the evolving landscape of digital assets regulation. His journey with Xapo Bank began in 2014 and has since then been marked by significant milestones and challenges in shaping regulatory frameworks for
After the collapse of FTX in 2022, the Bahamas came under global scrutiny for its lacking crypto regulations. The failure of the $32 billion exchange led to questions about the effectiveness of the country’s regulatory framework and deterred other crypto companies from expanding to the region. The Bahamas Securities Commission recently announced the passing of
Jonathan Mann and Brian L. Frye have taken a bold step by filing a lawsuit against the US Securities and Exchange Commission (SEC). The heart of the matter lies in the classification of NFTs representing digital art as securities under US law. Mann, known for his daily songwriting streak of over sixteen years, created a
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While he has never been a harsh critic of Bitcoin, he still sees it primarily as a speculative investment lacking a clear use case. Solomon did, however, recognize the potential
Former President Donald Trump’s recent declaration of support for Bitcoin and his pledge to make the US a global leader in the crypto space has sparked discussions about the future of digital assets. During the Bitcoin2024 conference in Nashville, Trump promised that the US government would not sell its existing Bitcoin holdings and would take
