Regulation

Hong Kong Regulators Support for New Stablecoin Regulations

Hong Kong regulators have announced the conclusion of a stablecoin regulation consultation phase, receiving positive feedback from stakeholders. Support for Stablecoin Regulatory Regime On July 17,...

Federal Judge Approves Robinhood’s $9M Class-Action Settlement

Robinhood has reached a $9 million settlement to resolve a class-action lawsuit in Washington over unsolicited text spamming through its ‘refer-a-friend’ program. Settlement Details On July...

Coinbase Refines Subpoena to Focus on Gensler’s SEC Tenure

Coinbase has refined its approach in its effort to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Initially seeking access to Gensler’s...

SEC vs. Ripple: One Year After the Landmark Ruling

July 13, 2023, marked a pivotal moment in the cryptocurrency industry with the United States Securities and Exchange Commission’s (SEC) ruling against Ripple Labs....

Nigeria’s SEC Urged to Regulate Bitcoin and Ether as Commodities

In light of a recent court ruling in Illinois that classified Bitcoin and Ether as commodities, Nigerian stakeholders are encouraging the Nigerian Securities and...

SEC Ends Paxos Investigation, Declares BUSD a Non-Security

The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into stablecoin issuer Paxos, signaling a significant win for the crypto market....

BitMEX Pleads Guilty to Bank Secrecy Act Violation

Cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to implement a robust Anti-Money Laundering (AML) program. This...

Nigerian Central Bank Accuses Binance of Unauthorized Transactions

The Central Bank of Nigeria (CBN) has accused cryptocurrency exchange Binance of performing unauthorized banking services. The allegations were presented in court on July...

North Carolina Governor Vetoes Popular CBDC Ban Bill

North Carolina Governor Roy Cooper recently vetoed a bill that aimed to prevent the state from implementing a Federal Reserve-issued central bank digital currency...

Bahamas to Mandate Bank Support for ‘Sand Dollar’ CBDC

The Bahamas is taking decisive steps to increase the adoption of its central bank digital currency (CBDC), known as the "Sand Dollar." Introduced in...

Circle Set with MiCA Compliance for Stablecoins in the EU

Circle has set a precedent by becoming the first global stablecoin issuer to comply with the European Union's Markets in Crypto-Assets (MiCA) regulatory framework....

SEC Sues Silvergate Capital Over Alleged Fraud Linked to FTX

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Capital Corporation, the parent company of a crypto-friendly bank, accusing...