Thai SEC calls for public feedback on crypto lending, staking ban
The Securities and Exchange Commission (SEC) of Thailand after placing a ban on crypto lending and staking by crypto firms is getting ready to hold another open hearing to get public opinion about the decision. The draft regulation forbidding virtual asset service providers (VASPs) from offering or getting engaged in any kind of crypto staking […]
SEC revokes crypto startup ParagonCoin’s registration
ParagonCoin, a crypto startup owned by American rapper Jayceon Terrell Taylor, best known by his stage name “The Game,” according to the SEC has violated securities laws for failing to submit required disclosures leading to its registration being revoked. The SEC withdrew the license of ParagonCoin Ltd, a cryptocurrency corporation that specializes in the marijuana […]
BaFin suggests case-by-case classification of NFTs
BaFin, the German Federal Financial Supervisory Authority, has not yet deemed nonfungible tokens (NFTs) securities. given the difficulties with classification, the Agency advises classifying the NFTs case-by-case. NFTs and their legal classification were discussed in an explanation note published in the BaFin journal on March 8. Regulators do not now perceive how NFTs fit the […]
Judge denies request to consolidate class-action lawsuits against FTX
Investors’ proposed class-action lawsuits against the FTX exchange were not consolidated by a U.S. judge, according to the judge the defendants had not had the opportunity to respond. On March 8, United States District Judge Jacqueline Scott Corley issued the ruling that rejected plaintiffs’ requests to combine a total of five proposed class action lawsuits […]
BitMEX co-founder proposes Bitcoin-based stablecoin
The crypto community members are coming up with new suggestions for stablecoins following regulatory scrutiny. Arthur Hayes BitMEX co-founder has proposed a stablecoin that aims to be entirely free from any movements of USD. A new stablecoin with a value indexed to $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD […]