In a significant move to address the rising concerns surrounding cryptocurrency-related crimes, German authorities have recently taken decisive action against 47 cryptocurrency exchanges suspected of facilitating illegal activities. The crackdown was led by the Central Office for Combating Internet Crime (ZIT) in collaboration with the Federal Criminal Police Office (BKA). This large-scale intervention highlights the
Regulation
In a significant move towards modernizing state payment systems, Louisiana has initiated a program that allows residents to pay state agencies using cryptocurrency. As outlined in a press release dated September 18, the Louisiana Department of Wildlife and Fisheries will pioneer this initiative, becoming the first agency to accept Bitcoin and Circle’s stablecoin, USDC. This
In recent months, a legal battle involving the Flyfish Club’s non-fungible token (NFT) collection has ignited a contentious debate within the cryptocurrency and regulatory landscapes. The SEC’s enforcement actions, particularly against the culinary-themed NFT project, have drawn sharp criticism from two of its own commissioners—Hester M. Peirce and Mark T. Uyeda. Their dissenting perspective raises
In recent times, the emergence of election-related prediction markets has sparked considerable debate regarding their regulation and oversight. Congressman Ritchie Torres, at the forefront of this discourse, has implored the Commodity Futures Trading Commission (CFTC) to embrace a proactive regulatory approach rather than attempting to stifle these innovative marketplaces. This shift toward regulation, rather than
The world of cryptocurrency has captured the attention and imagination of millions, offering anonymity and independence while posing a myriad of risks, particularly in the realm of custody. Unlike conventional asset custody for stocks and bonds, the process of safeguarding crypto assets is fraught with both complexity and danger. This article delves into the growing
In a significant regulatory move, eToro has announced that it will be halting trading for most digital assets on its platform due to a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). This decision follows an investigation initiated in 2020, which uncovered that eToro had been allowing U.S. customers to trade certain
The recent revelations about a joint investigation into the Securities and Exchange Commission (SEC) have ignited a firestorm of debate about the intersection of politics and regulatory oversight. Lawmakers are scrutinizing the SEC’s hiring practices, alleging potential violations of federal law that could call the impartiality of this crucial regulatory body into question. This inquiry
Cryptocurrency scams have been on the rise, with fraudsters using various tactics to manipulate and deceive unsuspecting investors. The Commodity Futures Trading Commission (CFTC) has taken a stand against these scams, joining forces with federal and private organizations to combat the surge in fraudulent activities. The regulator’s campaign aims to educate consumers on how to
The recent introduction of the Property (Digital Assets, etc.) Bill by the Law Commission of the UK Parliament represents a significant step towards recognizing digital holdings as legal assets. This proposed legislation aims to categorize cryptocurrencies, non-fungible tokens (NFTs), and carbon credits as personal property under British law. While this initiative is commendable in addressing
The Digital Chamber (TDC) has taken a bold step by urging Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than financial products. This move comes in response to the Securities and Exchange Commission’s (SEC) recent enforcement actions, particularly towards NFT marketplace OpenSea. TDC argues that NFTs designed for