Morocco’s Central Bank to Legalize Cryptocurrencies —Report
More countries are developing crypto regulatory frameworks based on Europe’s upcoming MiCA regulations. Morocco is reportedly moving toward the legalization of cryptocurrencies, reversing a nationwide ban imposed in 2017. Central Bank Drafts Crypto Legislation According to Reuters , Morocco’s central bank, Bank Al-Maghrib, has prepared a draft law for regulating cryptocurrency, which is now under […]
CFTC Commissioner Calls for US Crypto Policy Reforms
The CFTC’s Summer Mersinger urged the industry to interact with the incoming US administration and promoted organized crypto laws. Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger emphasized the need for standardized U.S. crypto policies to be developed through notice-and-comment regulation. CFTC’s Role in “Regulation by Enforcement” The Commodity Futures […]
SEC Provides Reparations to BitClave ICO Investors
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC sued the search engine for failing to register as a securities offering. The U.S. Securities and Exchange Commission (SEC) announced on Nov. 20 that it has sent $4.6 million in reparations to investors affected by BitClave’s unregistered initial coin […]
California Revokes BlockFi’s Lending License Two Years Post-Bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement in which it has consented to the revocation of its license and to cease unsafe practices. The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of BlockFi, a bankrupt cryptocurrency lender, two years after the company declared bankruptcy. On November 7, […]
Binance Founder CZ Highlights Global Progress in Crypto Regulation
Changpeng Zhao calls crypto rules and governmental push for cryptocurrencies a “very positive direction” for the industry. Changpeng “CZ” Zhao, co-founder and former CEO of Binance, expressed optimism about the future of cryptocurrency regulation globally, particularly in light of the upcoming U.S. presidential election. In his first public address since his release from prison, Zhao […]