Regulation

Crypto custody and trading platform Bakkt has received a warning from the New York Stock Exchange (NYSE) regarding its non-compliance with the stock exchange’s listing rules. According to the NYSE, the platform has not been able to maintain its closing share price above $1 for the past 30 days, hence facing delisting risk. Bakkt Plans to Resolve the Issue On Wednesday, Bakkt informed the NYSE of its intention to address the stock price discrepancy and comply with the required...

Thailand’s Securities and Exchange Commission (SEC) has changed its regulations, permitting the creation of private funds that invest in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. However, this opportunity is limited to institutional investors and high-net-worth individuals. SEC Amends Spot Bitcoin ETF Rules SEC Secretary-General Pornanong Budsaratragoon disclosed that the decision was reached during last week’s board meeting. The approval grants...

CoinspeakerCoinbase’s Legal Team Challenges SEC, Demands Clear Crypto Regulations Coinbase asserts that the SEC is exercising authority over crypto assets without establishing dedicated regulations for their treatment Coinbase’s Legal Team Challenges SEC, Demands Clear Crypto Regulations

Mudrex, an Indian cryptocurrency investment platform, intends to introduce U.S. spot Bitcoin exchange-traded funds (ETFs) to target both institutional and retail investors within India, according to CEO and co-founder Edul Patel. The move comes amid India’s latest government action to tighten offshore crypto exchanges regulation. Mudrex to Offer Four Spot Bitcoin ETFs In an interview with CoinDesk, Patel emphasized the value of spot Bitcoin ETFs for institutional investors,...

CoinspeakerLondon Stock Exchange to Start Considering Bitcoin and Ethereum ETN Applications The London Stock Exchange (LSE) stipulates that crypto ETNs must be physically backed and non-leveraged. Additionally, these assets must be held by a custodian compliant with Anti-Money Laundering regulations. London Stock Exchange to Start Considering Bitcoin and Ethereum ETN Applications

CoinspeakerCFTC Chair Calls on Congress to Implement Comprehensive Legislation for Crypto Regulations Even if Congress passes the FIT Act, it will take the CFTC no less than a year to develop a comprehensive regulatory framework. CFTC Chair Calls on Congress to Implement Comprehensive Legislation for Crypto Regulations

CoinspeakerEuropean Crypto Exchange Bitstamp Gets In-Principle Approval for Singapore Expansion An in-principle approval is a preliminary nod that the MAS issues to firms applying for the major payment institution (MPI) license. European Crypto Exchange Bitstamp Gets In-Principle Approval for Singapore Expansion

The Chamber of Digital Commerce (CDC) has filed an amicus curiae to defend Kraken in a lawsuit the U.S. Securities and Exchange Commission (SEC) initiated in 2023. Notably, the CDC supported the crypto exchange’s motion to dismiss the lawsuit in its latest filing. Chamber of Digital Commerce Argues for Kraken In a February 27 filing, the Chamber explained that the amicus brief aims to address and counter the SEC’s current approach to digital asset industry regulation. 1/...

Major cryptocurrency exchange Kraken is seeking to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), arguing that the Commission was overstepping the boundaries of its regulatory authority. The SEC sued Kraken in November 2023, alleging that the crypto exchange co-mingled customer funds and listed assets deemed as securities on its platform. Kraken Fights Back Kraken filed a motion on Feb. 22, 2024, in the U.S. District Court Northern District of...

Donald Trump, former United States President and candidate in the upcoming elections, has taken a u-turn on his stance against Bitcoin, stating that he can live with it. During an interview with Fox News, the billionaire acknowledged that BTC, the leading digital currency, is getting a lot of attention and taking a life of its own, stating the need for some regulation around the asset. Living With Bitcoin Trump said he had seen some interesting incidents surrounding BTC, like...