Bahamas strengthens control of digital assets with DARE bill
The Securities Commission of The Bahamas has began a consultation period for the proposed Digital Assets and Registered Exchanges (DARE) law, 2023. By keeping Bahamian consumers, investors, and markets informed about technical advancements in the digital asset sector, this law seeks to improve their protection. Strong standards for risk management, market innovation and development, consumer […]
US Treasury calls for stricter regulations for nonbank institutions
Following the recent crisis in the United States banking sector, the US Treasury and some prominent U.S. financial authorities have called for new rules to make it simpler for the Federal Reserve to identify nonbank institutions and supervise and control them. In remarks at the Financial Stability Oversight Council (FSOC) Council Meeting on April 21, […]
SEC Demands Increased Monitoring of Cryptocurrency Assets
The U.S. SEC has urged financial professionals to exercise enhanced scrutiny when recommending high-risk or complex products. The Securities and Exchange Commission (SEC) has urged financial professionals to exercise “enhanced scrutiny” when recommending complex or risky products, such as cryptocurrencies or “crypto asset securities” as the agency has described them. The SEC recently emphasized the […]
UAE Welcomes Crypto Firms With New License Rules
The UAE’s federal regulator invites crypto firms to apply for licenses under its new regulatory framework for the sector. The Securities and Commodities Authority (SCA) , the federal regulator of the United Arab Emirates (UAE), announced on Monday that it will start accepting license applications from crypto firms that want to operate in the country. […]
Bittrex reportedly faces potential action from US SEC
Cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite its plans to cease local operations in the country. The enforcement division of the U.S. Securities and Exchange Commission (SEC) is inclined to recommend the agency sue Bittrex for alleged investor protection violations, according to an April 16 report by The […]