The Bahamas Securities Commission has recently approved the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), signaling a significant move towards regulatory clarity in the digital assets industry. The Executive Director of the Securities Commission, Christina Rolle, emphasized that DARE 2024 sets a new standard for digital asset regulation, focusing on investor protection and
Regulation
Jonathan Mann, a renowned artist known for creating a song daily for over sixteen years, alongside conceptual artist Brian L. Frye, has taken legal action against the US Securities and Exchange Commission (SEC). The core issue at hand is whether Non-Fungible Tokens (NFTs) representing digital art, such as those produced by Mann and Frye, should
Goldman Sachs CEO, David Solomon, recently shared his views on Bitcoin, stating that he believes it could potentially serve as a store of value similar to gold. While Solomon has never been a critic of Bitcoin, he still maintains a cautious stance on the cryptocurrency, viewing it primarily as a speculative investment with no clear
China has played a significant role in the history of Bitcoin, especially in terms of mining and trading. In 2017, Chinese miners accounted for over 70% of the Bitcoin network’s hashrate, showcasing the country’s dominance in the industry. However, the government’s stance took a sharp turn later that year when it banned Initial Coin Offerings
Senator Cynthia Lummis has presented a groundbreaking proposal to establish a Bitcoin strategic reserve for the US, aiming to accumulate at least 1 million BTC, which represents 5% of the total supply. This initiative was announced at the Bitcoin2024 conference, with the goal of positioning the US as a Bitcoin “superpower.” Former President Donald J.
The Democratic National Committee (DNC) has recently received a letter from a group of Democrat politicians urging the party to shift its stance on cryptocurrency and blockchain technology. The letter emphasizes the importance of embracing digital assets for American innovation, economic growth, and financial inclusion. Current Stance on Crypto Despite some Democrats such as Nancy
President Donald Trump recently made bold claims about his plans for Bitcoin and the cryptocurrency industry if he were to be re-elected. He emphasized the importance of the US becoming a “Bitcoin superpower” and maintaining its lead over competitors like China. Trump expressed his commitment to holding onto the roughly 200,000 Bitcoins that the US
Recent developments in the UK have shed light on the divergent paths taken by two major crypto companies, Coinbase and Revolut, when it comes to regulatory compliance and licensing. While Coinbase’s subsidiary, CB Payments Limited, faced a hefty fine of £3.5 million for Anti-Money Laundering breaches, Revolut secured a restricted banking license from the UK’s
The crypto industry has been facing numerous challenges under the current administration, as highlighted by Andreessen Horowitz (a16z) founders Ben Horowitz and Marc Andreessen. They recently discussed the regulatory hurdles that have been stifling innovation and growth in the sector. One of the key issues they criticized was the Securities and Exchange Commission’s (SEC) lack
The recent move by the Russian State Duma to legalize Bitcoin mining and allow the use of crypto for international trade represents a significant shift in the country’s approach to digital assets. The bill, pending final approval, aims to address the challenges faced by Russian banks due to regulatory constraints and international sanctions. It establishes
