EU releases crypto-asset classification tools to help firms comply with MiCA

EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to come into play.

View Details

BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach

The Federal Financial Supervisory Authority of Germany (BaFin) has stated that it is not yet prepared to classify non-fungible tokens (NFTs) as securities. While NFTs may be considered investments in certain cases, BaFin suggests that classification should be approached on a case-by-case basis. The lack of immediate exchangeability and standardization makes it unlikely that NFTs will be classified as crypto assets. However, if an NFT contains documentation of exploitation rights or ownership, it could be considered an investment. BaFin does not expect NFTs to comply with the licensing requirements of the Payment Services Supervision Act or fall under its Anti-Money Laundering supervision, except for NFTs that are considered "crypto assets." (Read More)

View Details

Ethereum co-founder Joe Lubin says no chance ETH is classed as security

The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal.

View Details

Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC

The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached an estimated 61, after adding a few more from its lawsuit against crypto exchange Binance. The 61 cryptocurrencies accused obeing a “security” comes from years of various litigation undertaken by the Securities and Exchange Commission (SEC) [...]

The post Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC appeared first on Crypto Breaking News.

View Details