Tag Archives: Regulations

Bank of England watchdog requests firms to disclose crypto disclosures to shape future regulations and ensure financial system stability. The Prudential Regulation Authority (PRA), part of the Bank of England, has taken a significant step to monitor the stability of the financial system concerning cryptocurrencies. On 12 December, the PRA put out a formal notice to organizations asking about their current and planned interactions with cryptoassets up until March 2024. This action is within a...

BitOasis obtains a full VASP license, enhancing its MENA activities. CoinDCX acquires BitOasis, strengthening its presence in the MENA region. Virtual asset-leading platform BitOasis has won the Virtual Asset Service Provider definitive license offered by Dubai’s Virtual Assets Regulatory Authority. This would be a step from onboarding under a provisional license from VARA back in 2022, followed then by winning an MVP license at the turn of 2023- this makes a march forward for BitOasis that...

Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), has outlined a vision for the agency’s crypto regulatory strategy under President-elect Donald Trump. In a recent interview on Fox Business, Peirce identified three priorities to address what she sees as critical obstacles hindering the growth and clarity of the crypto industry. Pierces’s Roadmap to Clearer Crypto Regulations In the interview, highlighted by Fox Business reporter Eleanor...

Iran crypto market faces new regulations by the CBI. Expert Alhosseini suggests private sector involvement to balance compliance and growth. Iran is seeing increased scrutiny of its cryptocurrency market as the Central Bank of Iran (CBI) prepares to implement new regulations. Economic expert Mohammad Sadegh Alhosseini shared key insights on the current market. He continues to note that there are estimates that Iranians hold crypto assets of between $30 billion to $50 billion. This amount is...

It’s been barely a few weeks since the pro-crypto candidate Donald Trump won the United States presidential elections, and the digital asset market still feels the impact of that victory. As the Trump administration prepares to take complete charge of affairs at the White House by January, crypto users anticipate what this could mean for the industry. According to a quarterly institution report by the digital asset exchange Bybit and the crypto research firm Blocks Scholes,...

TL:DR; IOG founder Charles Hoskinson said he will be a part of a team working to create regulatory policy for crypto during the Trump administration. ADA’s price jumped immediately to a multi-month high, but Perplexity now speculates about a potential top. Perhaps the most notable piece of news for the cryptocurrency industry this weekend came from IOG’s founder, Charles Hoskinson. As reported earlier, he outlined his plans for 2025, indicating that he will spend a big...

A group of Republican lawmakers, headed by Rep. Patrick McHenry and Sen. Cynthia Lummis, have raised concerns over the Securities and Exchange Commission’s (SEC) approach to regulating crypto custody. In a letter addressed to SEC Chair Gary Gensler, the lawmakers demanded the agency “rescind” its Staff Accounting Bulletin No. 121 (SAB 121). Critique of SAB 121 The letter, shared by Fox reporter Eleanor Terrett via an X post, highlights several issues with SAB 121. The...

German authorities have shut down 47 cryptocurrency exchanges operating in the country for allegedly facilitating large-scale money laundering operations for cybercriminals. According to an official statement by the Frankfurt main prosecutor’s office, the German office for combating Internet crime, and the federal criminal police office, these exchanges deliberately allowed their users to bypass Know You Customer (KYC) policies. The KYC policy is a verification process that...

Anthony Scaramucci, founder of the New York-based investment firm SkyBridge Capital, has revealed that he is working with Democratic presidential candidate Kamala Harris to draft crypto policies for her campaign. According to a CNBC report, Scaramucci made the revelation at the annual TOKEN2049 crypto conference on Thursday. He told a panel during the conference that several crypto advocates are currently in talks with Harris to draft industry-friendly policies ahead of the...

On-chain investigator ZachXBT has accused top crypto influencer Professor Crypto of using bots to manipulate his social media metrics. Following the allegations, the crypto influencer has deactivated his account without giving a response to the public. Fake Engagement Strategies In a post on X, the on-chain sleuth addressed the Youtuber, telling him to “lay off the thousands of bots” used on his social media platforms to “deceive people into thinking you have an influence.”...