The global cryptocurrency market has been on the edge of its seat, waiting to hear the final word on a Bitcoin Exchange-traded Fund (ETF). After the approval of Bitcoin ETFs in Europe recently, the discussion of a similar possibility in the US is gaining traction.
The Australian Securities and Investments Commission (ASIC) has charged a local crypto lender, Helio Financial Pty Ltd, for falsely claiming to hold an Australian Credit License in advertisements. ASIC demanded a hefty $50,000 penalty for the offense.
Colombia’s central bank has suggested limiting the holdings and spending of its planned central bank digital currency (CBDC) to ensure monetary stability and the security of financial markets.
After a three-year battle, prominent fintech firm Figure has reportedly abandoned its efforts to become a U.S.-chartered crypto bank. The decision follows multiple rejections from federal regulators.
The European Banking Authority EBA has proposed extra regulations for EU stablecoin issuers who rely on bank assets in reserve The draft states that all such issuers must meet strict standards to protect consumers from potential risks
Ripple CEO Brad Garlinghouse has gone on the record to call out the SEC for creating this mess In an interview with CNBC Garlinghouse firmly expressed his views on the current state of Ripple stating The SEC created this mess and its abuse of authority has been incredibly damaging to innovation in the US
A UK lawmaker has argued that cryptocurrencies should not be regulated as gambling but instead should be watched carefully by authorities to better understand their potential He believes that regulation in this area would be too restrictive and the potential of blockchain technology should not be overlooked
The Indonesian government is taking decisive action to regulate its cryptocurrency markets, launching a national digital asset exchange and clearing house. This move marks a major step forward for the country’s crypto regulation framework.
Britain’s Financial Conduct Authority FCA has rejected a proposal to regulate digital currencies as gambling citing a lack of evidence they are used for speculation
UK ministers have rejected a proposal to regulate crypto as gambling stating that the decentralized digital currency lacks the qualities of a gamble and is better treated as a commodity