Sygnum, the innovative Swiss crypto banking group, has recently taken a significant step forward by securing a crypto license in Liechtenstein through its local subsidiary, Sygnum Europe AG. This pivotal development, announced on September 23, underscores the firm’s commitment to establishing a regulated framework for digital asset services. Licensed under the Token and Trusted Technology
Regulation
The ever-evolving world of cryptocurrencies has been met with a systematic web of regulations that is often difficult for newcomers to navigate. Former President Donald Trump’s latest venture, World Liberty Financial, aims to establish a foothold in decentralized finance (DeFi). However, according to SEC Commissioner Mark Uyeda, this initiative will not escape the stringent and
In a significant enforcement initiative, the German government has shut down 47 cryptocurrency exchanges suspected of facilitating various criminal activities. This move was orchestrated by key law enforcement bodies, namely the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA). Following rigorous investigations, these agencies determined that the exchanges were
In a significant leap towards digital modernization, Louisiana has become one of the pioneering states to allow residents to make payments to state agencies using Bitcoin and the stablecoin USDC, as reported in a recent press release dated September 18. The Louisiana Department of Wildlife and Fisheries is set to take the lead, marking a
The recent enforcement action taken by the U.S. Securities and Exchange Commission (SEC) against the Flyfish Club’s non-fungible token (NFT) collection has ignited significant controversy. SEC Commissioners Hester M. Peirce and Mark T. Uyeda have openly opposed this decision, arguing that the enforcement is misaligned with existing securities laws. Flyfish Club, a novel dining venture,
In the evolving landscape of digital finance, the intersection of technology and politics has grown particularly fascinating as election-related prediction markets emerge. Recently, Congressman Ritchie Torres initiated a crucial dialogue by addressing the Commodity Futures Trading Commission (CFTC), urging the agency to embrace a regulatory framework for these markets rather than stifling them with restrictive
As the cryptocurrency market continues to burgeon, the realm of crypto custody emerges as a pivotal area defined by substantial risks and intricate challenges. The allure of crypto for malicious actors casts a daunting shadow over the safeguarding of these digital assets, juxtaposed against the more straightforward task of managing traditional financial assets like equities
On September 12, 2023, eToro, a prominent trading platform, announced a significant shift in its operations in response to a $1.5 million settlement with the United States Securities and Exchange Commission (SEC). This decision underscores the increasing scrutiny faced by cryptocurrency trading platforms under U.S. financial regulations. Following an investigation, the SEC determined that eToro
The Securities and Exchange Commission (SEC) has recently become the center of a heated political inquiry initiated by members of Congress, particularly from the Republican side of the aisle. This investigation aims to delve deep into allegations regarding the agency’s hiring practices, specifically suggesting that political affiliations may have unduly influenced personnel decisions. The implications
The Commodity Futures Trading Commission (CFTC) has recently announced a partnership with various federal and private organizations in an effort to tackle the rise of crypto scams known as “pig butchering.” These scams have resulted in billions of dollars in losses, highlighting the need for greater awareness and understanding among consumers. The CFTC, along with
