The U.S. Securities and Exchange Commission has released new commentary on stablecoins, with the agency’s Division of Corporation Finance noting that this is part of the effort to provide further regulatory clarity. SEC said in a news release that the guidance aligns with its objective of providing clarity regarding federal securities laws as related to…
Galaxy Digital has received a regulatory boost after the United Kingdom’s Financial Conduct Authority approved a license application for its subsidiary, Galaxy Digital UK Limited. The FCA license will allow Galaxy Digital to expand its derivatives trading to customers in the U.K. via its London office. Galaxy Investment Banking will also utilize the license to…
The U.S. Treasury Department has imposed sanctions on crypto addresses associated with Russia’s Garantex in its latest action against the Houthis and their funding operations. The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on eight cryptocurrency addresses used by the Houthi foreign terrorist organization to finance activities like arms…
Nigeria’s President Bola Tinubu has signed a new law strengthening SEC oversight of cryptocurrencies and classifying them as securities. Nigeria‘s President Bola Ahmed Tinubu has signed the Investments and Securities Act 2024 into law, classifying cryptocurrencies as securities under the regulatory authority of the Nigerian Securities and Exchange Commission, local news outlets report. The new…
Police Scotland says serious and organized crime groups are increasingly turning to cryptocurrency, contributing to a 2,000% rise in related cases since 2019. Police Scotland says it has seen a roughly 2,000% increase in cryptocurrency-related criminality since 2019, as more serious and organised crime groups are “quick to adapt and utilise new methods to help…
World Economic Forum founder Klaus Schwab is reportedly preparing to step down from his role as chairman. Here’s a look at how Schwab’s outlook on crypto influenced the wider global economy. According to a recent Financial Times report, Schwab has begun the process of stepping down from his role as chairman of the WEF board…
The U.S. Securities and Exchange Commission and Gemini Trust have jointly requested a 60-day stay in their ongoing lawsuit to explore a potential resolution. The motion, which was submitted to the U.S. District Court for the Southern District of New York on April 1, requests that the court postpone all deadlines while further discussions occur….
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Just last month, the United States proposed a Federal Bitcoin Reserve. Recently, the UAE Mubadala Sovereign Wealth Fund invested $436 million in Bitcoin (BTC), and connections to the world’s most dominant cryptocurrency…
In Toulouse, France, residents can pay for their metro, tram, cable car, and bus tickets with Bitcoin and other cryptocurrencies. In fact, starting on March 17, Toulouse became the first European city where crypto can legally be spent on public transport. 🚋 European Premiere: Crypto for Tram Fares! With @Lyzi_app and @tisseo_officiel, you can now…
In its annual report, Malaysia’s central bank outlined plans to support asset tokenization and explore digital asset technologies without plans to recognize crypto as legal tender. Malaysia‘s central bank, Bank Negara Malaysia, has rolled out its 2024 annual report, highlighting the growing recognition of tokenization for its potential to drive efficiency in the financial system…
