Thailand’s Securities and Exchange Commission (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, aimed at supporting the testing and development of services related to digital assets. This initiative provides a structured environment for businesses to explore innovative solutions within a regulated framework. The sandbox is designed to facilitate the integration of
Regulation
OKX CEO Star Xu recently issued a warning to users about the potential risks associated with interacting with the crypto mixer Tornado Cash. Xu emphasized that deposits from sanctioned entities, such as Garantex and Tornado Cash, or withdrawals to these entities could trigger compliance risks and lead to account suspension. It was made clear that
The potential addition of options features for Bitcoin (BTC) exchange-traded funds (ETFs) in the US is creating a buzz in the market. Bloomberg ETF analyst James Seyffart believes that these features might be included in the fourth quarter. However, there is a possibility that this offering could kick off as early as the third quarter,
In a long-awaited decision, the District Court of the Southern District of New York has imposed a hefty $125 million fine on Ripple following a lawsuit filed by the US Securities and Exchange Commission (SEC). This legal battle, which has spanned over four years, has finally come to a conclusion with this ruling. The court’s
A new bill introduced in the Senate, spearheaded by Senator Catherine Cortez Masto and Senator Chuck Grassley, is set to enhance the investigative authority of the US Secret Service in addressing crimes involving cryptocurrency. The bipartisan effort aims to combat transnational cybercriminal activities, specifically focusing on unlicensed money-transmitting businesses, structured transactions, and fraud against financial
In a recent discussion with Joey Garcia, the Director and Head of Regulatory Affairs at Xapo Bank, insightful details were shared on the journey and evolution of digital assets regulation. This article will delve into the key insights provided by Garcia and analyze the impact of his work in shaping regulatory frameworks for the crypto
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
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
