In a recent filing made on September 22, the co-founders of the now-defunct Terra blockchain project have been accused of planning to create fraudulent transactions during the development of the project. These allegations have been made by the Securities and Exchange Commission (SEC), which claims that Terraform Labs collaborated with a payments app called Chai
Regulation
Crypto exchange Coinbase has achieved a significant milestone with their international exchange receiving regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to non-U.S. retail customers. This article explores the implications of this approval and the potential benefits it brings to Coinbase and its users. Users of the Coinbase platform can now
Ripple’s Chief Legal Officer, Stuart Alderoty, has voiced his concerns about the upcoming appearance of Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), before the Senate Committee on Financial Services. In a recent post on his social media account, Alderoty stated that Gensler might make statements that could be misleading. Specifically,
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the ARK 21Shares Bitcoin exchange-traded fund (ETF) and GlobalX’s Bitcoin ETF. This filing comes after the Cboe BZX proposed a rule change for the approval and listing of these ETFs. The delays in the decision-making process have raised concerns about the SEC’s treatment
The U.S. Securities and Exchange Commission (SEC) has voiced its objection to a portion of the reorganization plan proposed by bankrupt cryptocurrency firm Celsius. The plan involves the use of Coinbase, a well-known crypto exchange, as a distribution agent to return funds to former Celsius users. However, the SEC has raised concerns about Coinbase’s intended
Hong Kong’s Securities and Futures Commission (SFC) has taken significant steps to improve investor education and combat fraud in the wake of the JPEX debacle. The financial regulator announced on September 25th that it would be publishing a comprehensive list of licensed Virtual Asset Trading Platforms (VATPs) on its website. This list will provide transparent
India’s crypto ecosystem has recently received a significant boost following the conclusion of the G20 summit. The G20, representing some of the world’s most influential economies, has fully endorsed the recommendations from the IMF and FSB as a Synthesis paper, aiming to provide guidance for the policy and regulatory framework for crypto assets. This article
OpenAI, the renowned artificial intelligence (AI) company, is facing regulatory scrutiny as Poland’s Personal Data Protection Office announced on Sept. 20 that it is investigating a complaint against OpenAI. This article delves into the details of the case, highlighting the challenges it poses for OpenAI and analyzing the broader context of the company’s data privacy
Ripple (XRP) CEO Brad Garlinghouse, accompanied by other top executives of the crypto company, recently met with members of the U.S. Congress to address concerns surrounding regulatory clarity within the cryptocurrency industry. Taking to social media platform X (formerly Twitter), Garlinghouse shared that their visit to Washington, D.C. was intended to engage with elected officials
In recent years, the Securities and Exchange Commission (SEC) has taken a keen interest in the cryptocurrency industry, citing concerns over its lack of regulation. The agency has firmly stated that it considers many cryptocurrencies as securities, making them subject to federal securities laws. This viewpoint has triggered increased scrutiny and enforcement actions against companies