The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. This is crucial, as delayed information can significantly impact decision-making processes for investors, especially during times of market turmoil or geopolitical events. The current regulatory framework requires registered investment companies to provide periodic
Regulation
The Financial Times recently reported that crypto firms are increasingly turning away from the UK due to burdensome regulatory processes. According to law firm Reed Smith, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past three years. This decline
The Nigerian Securities and Exchange Commission (SEC) recently granted Approval-in-Principle to two local crypto exchanges, Busha Digital Limited and Quidax. This approval falls under the Accelerated Regulatory Incubation Program (ARIP), created to onboard operational firms before the release of the Rules on Virtual Asset Service Providers in May 2022. The SEC’s decision to grant these
The recent announcement by OpenSea CEO Devin Finzer regarding the Wells Notice from the US Securities and Exchange Commission (SEC) has sent shockwaves through the NFT market. The SEC’s classification of NFTs as securities has raised concerns among creators and artists who fear the stifling of innovation in the digital art space. Finzer’s bold statement
The recent actions taken by the US Securities and Exchange Commission (SEC) against crypto lending firm Abra have sent shockwaves through the industry. Settled charges were filed against Abra for its failure to register its crypto asset lending product, Abra Earn, as well as against Plutus Lending LLC, the owner of Abra, for operating as
In recent years, France has emerged as a hotspot for crypto businesses, attracting major players such as Binance and Crypto.com to set up their European headquarters in Paris. The country’s favorable tax rates, access to a talented workforce, and innovative environment in the Web3 space have contributed to its appeal as a crypto hub. Moreover,
The European Union’s AI innovation has been hindered by what Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek refer to as a “fragmented regulatory structure.” They insist that the current framework is characterized by inconsistent implementation, creating confusion among companies and impeding their ability to fully embrace the opportunities presented by AI technology. Zuckerberg
The DeFi Education Fund and the Blockchain Association have collaborated to challenge the Securities and Exchange Commission’s Consolidated Audit Trail (CAT) database. The main argument presented in their amicus brief revolves around significant privacy and security concerns posed by the CAT, especially for participants in the digital asset market. They believe that the CAT could
In recent news, the Indian government has announced its plans to introduce comprehensive regulations for the crypto sector. This move comes after various discussions and consultations within the government to address the growing concerns surrounding digital currencies. The first step in this plan is to release a consultation paper in the upcoming weeks to gather
German authorities recently carried out a coordinated nationwide operation to seize $28 million in cash and 13 crypto ATMs in an effort to combat unlicensed activities within the country’s crypto market. Spearheaded by the Federal Financial Supervisory Authority (BaFin), this operation is part of a larger initiative to enhance oversight and regulation in the rapidly
