Hong Kong’s recent advancement in regulating Virtual Asset Trading Platforms (VATPs) and exchange-traded funds (ETFs) to include staking services represents a pivotal moment in the financial landscape. While some critics argue that the crypto sector is out of control, the Securities and Futures Commission (SFC) is taking a measured approach, balancing innovation with robust consumer
Regulation
In an ironic twist of fate, the European Union’s attempt to regulate the crypto landscape through its Markets in Crypto Assets (MiCA) regulation may unwittingly tighten the stranglehold of the U.S. dollar on global finance. Designed with the noble intent of bringing clarity and safety to the burgeoning world of cryptocurrencies, MiCA’s overzealous regulations on
Grayscale is making waves again, boldly stepping forward in its mission to launch a Spot Solana Exchange-Traded Fund (ETF). The firm filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC), eager to transition its Grayscale Solana Trust into a publicly traded ETF. This transformation is noteworthy not only for its ambitious nature
The world of cryptocurrency stands on the precipice of transformation, driven by the fervent push from institutional giants like BlackRock and advocacy groups such as the Crypto Council for Innovation. However, the recent meetings with the US Securities and Exchange Commission (SEC) expose more than just ambition; they reveal an uncomfortable truth about the regulatory
In recent developments, Russia finds itself at a unique crossroads regarding its approach to cryptocurrency, particularly Bitcoin. The Russian Federal Bailiff Service is spearheading efforts to transform seized bitcoins from criminal cases into a source of government revenue. This shift signifies a critical reevaluation of how national authorities perceive digital assets amid rising scrutiny and
As the world observes the rollercoaster ride of crypto-asset valuations, it’s crucial to recognize the elaborate illusion that underpins this excitement: the expectation of deregulation in the United States under a political figure notorious for his unpredictable policies. Reports from the European Supervisory Authorities (ESAs) serve as an urgent wake-up call, raising alarms about the
The recent establishment of the Solana Policy Institute (SPI) marks a pivotal moment for both the Solana ecosystem and the broader landscape of blockchain technology in the United States. Founded on March 31 by Miller Whitehouse-Levine, the former CEO of the DeFi Education Fund, SPI is designed to act as a guiding beacon, pushing for
On March 28, the Federal Deposit Insurance Corporation (FDIC) unveiled a groundbreaking directive rescinding previous restrictions on cryptocurrency-related activities in banks. Acting Chairman Travis Hill declared that institutions under the FDIC’s supervision could now engage in crypto endeavors without the burden of prior approvals. This progressive policy shift heralds a new chapter in the regulatory
Dunamu, the powerhouse behind UPbit—the largest cryptocurrency exchange in South Korea—has displayed financial resilience that is nothing short of extraordinary. In the face of stringent regulations and scrutiny from South Korean authorities, the company’s operating profit for 2024 skyrocketed by an astonishing 85.1%, hitting approximately $682 million. Such growth reveals not only the adaptability of
In a bold move that echoes the complexities of financial governance in the digital age, South Korea’s Financial Intelligence Unit (FIU) has recently barred access to 17 overseas cryptocurrency exchange applications on Google Play. Among those affected are prominent names like KuCoin and BitMart, which have catered to an increasingly enthusiastic South Korean crypto population.
