crypto regulation

South Korea's National Assembly has given the green light to the Virtual Asset User Protection Act, marking a significant stride towards establishing a legal structure for virtual assets. The legislation is set to come into force next year. The act, an amalgamation of 19 proposals put forth by...

In its legal rebuttal to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), Coinbase Global Inc (NASDAQ: COIN) has argued that the digital assets available for trading on its platform are beyond the SEC's regulatory scope. Earlier in June, the SEC initiated legal...

Attorneys for Binance.US, Binance Holdings Ltd., and CEO Changpeng Zhao are blasting the U.S. Securities and Exchange Commission (SEC) for putting out “misleading” information and not adhering to the “applicable rules of conduct.” A court filing, dated June 21, shows the...

With asset management behemoth BlackRock Inc (NYSE: BLK) as the largest exchange-traded fund (ETF) issuer, its foray into the Bitcoin (CRYPTO: BTC) market should be taken very seriously, Bloomberg Intelligence ETF analyst James Seyffart said on Friday, even as he threw...

MicroStrategy (NASDAQ: MSTR) founder Michael Saylor believes that the cryptocurrency landscape is poised for a seismic shift toward a Bitcoin (CRYPTO: BTC) centric model. The world's largest cryptocurrency stands alone as an institutional-grade asset, and regulatory dynamics suggest the...

William Hinman, the former director of the U.S. Securities and Exchange Commission's (SEC) Division of Corporation Finance, discussed with Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin in 2018 about how the Ethereum Foundation operates. Documents show how Hinman, at the time, believed...

Utility claims cannot be used as a shield for crypto assets or exchanges to escape the purview of securities regulations. That's according to U.S. Securities and Exchange Commission (SEC) chief Gary Gensler who recently spoke at the Piper Sandler Global Exchange and FinTech Conference...

In the wake of recent actions taken by the U.S. Securities and Exchange Commission (SEC) against renowned cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ: COIN), Messari founder Ryan Selkis established a new advocacy group dubbed @DFA2024. The organization...

Two U.S. senators, Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.), have urged the Department of Justice to look into allegations that Binance Holdings Ltd. (CRYPTO: BNB) may have been dishonest about its operations and structure in communications with lawmakers. Questions Raised About...

In the wake of a regulatory clampdown on crypto companies in the United States, Bitfinex and Tether (CRYPTO: USDT) CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets than the U.S. and Europe. In an interview with Benzinga, Ardoino also affirmed his...

Paolo Ardoino, the chief technology officer of Bitfinex and Tether (CRYPTO: USDT), hinted at a potential escalation in regulatory scrutiny aimed at decentralized exchanges (DEXs), even as the U.S. Securities and Exchange Commission already initiated legal action against centralized...

Regulatory frameworks concerning digital assets in the U.S. are unlikely to be transformed overnight, even if new bills aimed at facilitating the transition of these assets from securities to commodities are approved by Congress. During a session with the House Agriculture Committee, Rostin Behnam...

Securities and Exchange Commission (SEC) Chair Gary Gensler said the U.S. does not require additional digital currencies amidst ongoing legal action by the SEC against prominent crypto exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN) for purportedly operating...

The European Union has reached a significant milestone in cryptocurrency regulation as it formally enacted the Markets in Crypto Assets (MiCA) regulation, positioning the bloc as a pioneer in tailored rules for the sector. The signing ceremony was led by European Parliament President Roberta...

An official from Dubai's financial watchdog has urged global regulators to intensify collaborative efforts to prevent the exploitation of loopholes in cryptocurrency regulations. Elisabeth Wallace, an associate director at the Dubai Financial Services Authority (DFSA), outlined the agency's...