Coinbase to Argue Against SEC’s Securities Claims in Court
A federal judge granted Coinbase an oral argument for its motion for judgment on SEC pleadings. Coinbase claims that staking services are not investment contracts and digital assets are not securities, dismissing the action. Coinbase, the largest crypto exchange in the U.S., has secured an opportunity to present its case against the U.S. Securities and […]
Hong Kong Tightens Crypto Regulations After JPEX Scandal
Hong Kong’s Securities and Futures Commission (SFC) has introduced a series of revamped virtual assets guidelines to enhance investor protection and regulatory oversight. The new rules, announced after a major crypto exchange scandal, limit crypto offerings to professional investors and classify virtual assets as complex products. Hong Kong’s Securities and Futures Commission (SFC) has introduced […]
LBRY Inc. Shuts Down After SEC Judgment and Financial Woes
LBRY Inc., the blockchain company behind the LBRY blockchain and Odysee video-sharing platform, has announced the end of its operations, citing insurmountable debts, including a judgment from the SEC. The cryptocurrency community reacts with shock and support. The financial world and blockchain industry received a significant shakeup recently with the announcement that LBRY Inc., has […]
EU Data Protectors Recommend Regulations for Digital Euro
The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of the “digital euro,” which was proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Central Bank’s digital currency (CBDC). […]
Upbit Singapore Gets Preliminary License Approval from MAS
Upbit Singapore has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution license. The license will allow Upbit Singapore to offer regulated crypto services to institutional investors and other users. Upbit Singapore, a subsidiary of South Korea’s leading crypto exchange Upbit by volume, has announced that it has secured […]