Israel Proposes New Regulation for Digital Assets Guidelines
The idea comes after the country’s recent attempts to use cryptocurrencies in its economy. Monday, Israel Ministry of Finance released a set of suggestions for how to regulate digital assets. This is a step forward for the country’s move into the world of cryptocurrencies. The recommendations call for the creation of a new regulatory infrastructure […]
Bahamas court orders FTX to pay remuneration fees to regulators
The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12. The latest issue facing the insolvent cryptocurrency exchange FTX comes from the Bahamas, where it once had its headquarters. On Nov. 21, the Bahamas Supreme Court issued an order in favor of the Securities […]
Stefan Berger Explains Reason Behind MiCA Voting Delay
One of the causes of the MiCA voting delay is “the enormous amount of work for the lawyer linguists, given the length of the legal text.” Stefan Berger thinks it is a technical need that the Plenary vote for the historic pan-European crypto law, Markets in Crypto Assets (MiCA), has been moved from the end […]
SEC Wins Case Against LBRY
In a dispute against a decentralized publishing platform, the U.S. Securities and Exchange Commission (SEC) won. In a victory for the Securities and Exchange Commission, a federal judge ruled on Monday that video-hosting platform LBRY Inc. sold its native token to American investors in an unlicensed manner. This decision could open the door for other, […]
SEC Emphasizes Crypto Enforcement Cases To Legal Experts
Gary Gensler referenced the SEC ‘s actions as instances of how the agency has enforced securities laws to support his position. As part of the “economic realities” of securities regulation, United States Securities and Exchange Commission Chair Gary Gensler mentioned significant enforcement proceedings against crypto businesses. Gensler referenced examples of SEC enforcement against crypto lending […]