In recent years, the intersection of cryptocurrency and online gambling has emerged as a significant area of interest for regulators around the world. With platforms like Polymarket gaining traction, especially during high-stakes events like the US presidential election, authorities are grappling with how to effectively manage these digital marketplaces. A new development in this landscape
Regulation
As the dust settles on a pivotal U.S. presidential election, a significant shift in the cryptocurrency landscape is anticipated. Insights from Bitwise Chief Investment Officer Matthew Hougan highlight the potential for a transformative period in the cryptocurrency market, coining this phase as a possible “Golden Age of Crypto.” With political dynamics influencing regulatory approaches, investors
In a significant move in the cryptocurrency market, asset management firm 21Shares has made headlines by filing applications for a spot XRP exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The submission of the S-1 form on November 1 aims to register the Core XRP Trust shares for listing on the Cboe
In a significant development within the blockchain and cryptocurrency landscape, Immutable, a leading player in blockchain gaming, has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). This action is emblematic of the broader regulatory pressures facing the crypto industry, particularly as the U.S. approaches critical elections. The SEC’s approach, described by
In a significant development for the cryptocurrency landscape, Hong Kong’s Financial Secretary Paul Chan has announced that the city is poised to issue more licenses for crypto exchanges before the year concludes. This initiative is part of a broader effort to create a regulated and sustainable environment for virtual asset service providers (VASPs). The ongoing
In a progressive move towards enhancing global financial transactions, the Bank for International Settlements (BIS) has launched Project Mandala, collaborating with central banks from Australia, Korea, Malaysia, and Singapore. As detailed in an official statement on October 28, this initiative seeks to directly address the regulatory complexities tied to cross-border payments. These transactions, often hampered
In a pivotal correspondence addressed to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, the CEO and co-founder of Paxos, made a compelling case for the urgent need to adopt digital assets and modernize antiquated financial regulations. With the landscape of global finance evolving rapidly, Cascarilla’s message serves as a clarion call
In a significant development, Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, has announced that it has received in-principle approval from Singapore’s Monetary Authority (MAS) to offer cross-border money transfer and digital payment token services. This announcement, made on October 29, signifies a pivotal step for the exchange in its aim to enhance its
The emerging landscape of cryptocurrency regulation has sparked efforts to establish solid protections for Bitcoin self-custody, reminiscent of tactics employed by the cannabis sector to maneuver through complicated federal regulations. The Satoshi Action Fund, a pivotal player in this movement, aims to carve out “safe havens” for Bitcoin users by advocating for state laws that
In response to increasing concerns over illegal activities linked to cryptocurrencies, South Korean authorities are poised to introduce stringent regulations governing cross-border digital asset transactions by late 2025. As reported by Reuters on October 25, the Ministry of Finance has outlined a framework that necessitates businesses involved in crypto transactions to undergo registration and adhere