Auto Added by WPeMatico

Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country

The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase…

Continue ReadingNigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country

Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit

The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of…

Continue ReadingHong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit

South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March

A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still…

Continue ReadingSouth African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March

Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs

Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by…

Continue ReadingThai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs

South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion

The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion.…

Continue ReadingSouth Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion

Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs

The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law…

Continue ReadingWyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs

Entry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start

The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami…

Continue ReadingEntry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start

SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation

The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the…

Continue ReadingSEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation

Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease

South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation…

Continue ReadingReport: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease

Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators

In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $1 billion to its customers. The settlement, which…

Continue ReadingGemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators