Tag Archives: Regulations

About The Book:Your Money and the World: How to Spend, Save, Donate and Invest Sustainably. Winner of the SKBI Prize for Sustainable Finance Literacy as part of the Money Awareness and Inclusion Awards (MAIA). Cecile Biccari, sustainable investment expert helps young readers understand how money works—and how spending, saving, donating and investing can change the world. Financial literacy is an important skill in life. At around the age of seven, children develop attitudes and beliefs about...

The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table. “I’m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven’t seen pause requests in the Ripple and Kraken cases,” reported Fox Business’s Eleanor Terrett on Feb. 19. Ripple’s next court deadline is...

Nigeria plans to tax crypto transactions, boosting revenue and regulation. New SEC rules ensure compliance, while licensing expands to central exchanges. Nigeria is planning to tax cryptocurrency transactions to increase government revenue. It also aims to regulate digital assets and bring them under the formal tax system. Bloomberg reports that Nigeria plans to grant complete licenses to cryptocurrency trading platforms throughout this year. The Securities and Exchange Commission (SEC)...

U.S. President-elect Donald Trump has appointed former college football player Bo Hines to the new crypto council. Announced Sunday, Hines will be onboard as the executive director of the Presidential Council of Advisers for Digital Assets. Trump’s Crypto Council The 29-year-old acknowledged the appointment in a December 23 post on X, writing: “Thank you, Mr. President! It will be the honor of a lifetime to serve in your next administration. Thank you for everything you have...

Morocco is set to become the first developing country with clear crypto regulations. It will also balance security, innovation, and financial growth. The Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, recently shared that Morocco is close to adopting a legal framework for regulating crypto-assets. It seeks to first manage the use of crypto-assets and also encourage financial innovation. According to Jouahri, the framework was designed in line with G20 recommendations. At the same...

Hong Kong grants licenses to four more crypto exchanges, aiming to become a global crypto hub with efficient licensing processes. Hong Kong is taking significant steps to establish itself as a global crypto hub by granting licenses to four more crypto exchanges. The Securities and Futures Commission (SFC) approved licenses for Accumulus, HKbitEX, DFX Labs, and EX.IO. These licenses came after on-site inspections when the exchanges responded to the regulator. Before that, licenses were...

CyberKongz, a gaming-based NFT project, announced on December 16 that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice raises concerns about the platform’s integration of its ERC-20 token with blockchain games and questions aspects of its activities, including its 2021 contract migration. The SEC’s Argument In a post on X, the CyberKongz team expressed their dismay with the agency’s handling of the situation, saying: “We are...

Bitget receives Bitcoin Service Provider license in El Salvador, expanding its services and regional growth in Latin America and Europe. Bitget, a leading cryptocurrency exchange, has received major approval in El Salvador. The Central Reserve Bank granted the platform a Bitcoin Service Provider (BSP) license. This license enables Bitget to conduct activities like exchanging Bitcoin for fiat currencies and providing payment services and custody services. According to the blog post, this step...

Federally approved digital asset securities platform Prometheum has filed a defamation lawsuit against crypto commentator Matthew Blumberg. The dispute stems from a November 6 post on X, where the critic accused the firm of operating “an illegal unregistered commodities exchange” and engaging in shady dealings with the U.S. Securities and Exchange Commission (SEC). Free Speech or Defamation? Prometheum’s complaint, filed in the New York Supreme Court, argues that Blumberg’s...

The Federal Court of Australia has imposed an $8 million fine on Bit Trade, the operator of the cryptocurrency exchange Kraken in the country, for offering an unapproved margin lending product to local customers. The penalty follows allegations by the Australian Securities and Investments Commission (ASIC) that the firm violated financial regulations by failing to assess customer suitability for the product. Legal Implications The credit facility, which enabled users to...