CFTC Chair Calls for Congress Action on Crypto Regulation
CFTC Chair calls on Congress to enact crypto regulation to protect investors and stabilize the financial industry as digital asset values rise. Rostin Behnam, the Chair of the Commodity Futures Trading Commission (CFTC), highlighted the imperative nature of legislative action to regulate the rapidly expanding cryptocurrency industry during a recent address to lawmakers. In addition, […]
Spain Cracks Down on 18 Unlicensed Crypto Companies
The Spanish securities regulator has issued a warning against 18 crypto companies that are operating without proper licensing while the country prepares to adopt the EU-wide crypto regulation and explore its own CBDC. The Spanish National Securities Market Commission (CNMV), the country’s securities regulator, has published a list of 18 companies allegedly providing investment services […]
Binance Aims for Regulatory Compliance in Nigeria
Amid concerns about currency manipulation, Binance takes proactive measures to ensure regulatory compliance in Nigeria. In response to the increasing scrutiny of cryptocurrency activities in Nigeria, Binance, a prominent digital asset platform, has taken steps to ensure regulatory compliance. However, in the context of the Nigerian government’s deliberations on potential strategies to combat currency manipulation and […]
South Korea Considers Virtual Asset Mixer Regulation
In the face of escalating global concerns and the need to combat crypto money laundering, South Korea is contemplating implementing regulations on virtual asset mixers. South Korea, motivated by the desire to mitigate illicit financial activities, is considering the implementation of regulatory measures on crypto blenders, which are virtual asset mixers notorious for facilitating money […]
PBoC Urges for Worldwide Regulation of Crypto
In its most recent financial stability report, the People’s Bank of China (PBoC) addresses decentralized finance (DeFi) and cryptocurrency regulation concerns and advocates for a global endeavor to establish comprehensive crypto regulations. In its recent financial stability report, the Chinese central bank allocated an exclusive segment to cryptocurrency assets, emphasizing the imperative for international collaboration […]