Russia Begins a Trial of Cross-Border Payment Using Crypto

The war between Russia and Ukraine has entered its third year. During this time, Western allies in Ukraine…

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FTX creditors to receive only 1025% of their crypto back, CZ walks free: Law Decoded

Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.

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Ohio Senator Suggests Normalising Use Of Crypto, Introduces Bill To Legalise Crypto Payments

The post Ohio Senator Suggests Normalising Use Of Crypto, Introduces Bill To Legalise Crypto Payments appeared first on Coinpedia Fintech News

In a latest development, Niraj Antani, a State Senator in Ohio, has introduced a Bill that, if passed, would legalize crypto payments in the State. With a few months to the Presidential election, it remains unknown how State lawmakers will approach this new Bill and proposal. TODAY: I introduced a bill the legalize the use …

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Bithumb Crypto Exchange Aims For A Nasdaq Listing As It Seeks Global Expansion

The post Bithumb Crypto Exchange Aims For A Nasdaq Listing As It Seeks Global Expansion appeared first on Coinpedia Fintech News

Bithumb, one of South Koreas largest crypto exchanges is considering a listing on the U.S. Nasdaq, the company told at a temporary shareholders’ meeting held on the 30th, according to Korea Economic Daily. Bithumb IPO Coming Up In late 2023, the exchange was reportedly planning to go public by listing its shares on Kosdaq, the …

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Taiwan opens digital asset ETF market to professional investors

Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.

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SEC Charges Galois Capital for Crypto Safeguard Failures

The U.S. Securities and Exchange Commission (SEC) charged Galois Capital Management LLC, a Florida-based crypto-focused advisory firm, with…

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Could China Lift Its Crypto Ban? Ex-Minister Calls for Fresh Review

The post Could China Lift Its Crypto Ban? Ex-Minister Calls for Fresh Review appeared first on Coinpedia Fintech News

The former Chinese finance minister, Lou Jiwei has encouraged China to closely examine the advancements in cryptocurrency, during a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing.   The ex-government official highlighted the potential risks crypto poses to financial stability, including volatility and money laundering. He also remarked the United States diverting stance …

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Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security

The post Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security appeared first on Coinpedia Fintech News

SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the publics interest in crypto without proper disclosures. He claimed that stakeholders in the crypto industry do not like these regulations, which is why they claim they do not exist. …

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Binance to Remove Turkish Language Option Amid Regulatory Changes

Binance announces the removal of the Turkish language option from its website and app from September 27, 2024, to comply with new regulations in Türkiye. (Read More)

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Kosovo receives guidance from Council of Europe on crypto crime tracing

Kosovos Financial Intelligence Unit partners with the Council of Europe to improve crypto crime tracing skills and strengthen regulations on digital currencies.

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Societe Generale Forge partners with Bitpanda for euro stablecoin ahead of MiCA

The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.

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BNY nears crypto custody for ETFs after SEC softens SAB 121 stance

Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review.

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Ireland eyes MiCA guardrails to democratize finance with crypto

The Central Bank of Ireland is leading calls to democratize finance and boost financial inclusivity by implementing the EUs MiCA regulations, highlighting the countrys priorities.

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Court questions SECs vacuous denial of Coinbase rulemaking petition

In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification of which crypto assets are securities.

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Waters Criticizes SECs Crypto Rules, Calls for Year-End Stablecoin Bill

The post Waters Criticizes SECs Crypto Rules, Calls for Year-End Stablecoin Bill appeared first on Coinpedia Fintech News

In the ongoing development to regulate stablecoin issuers, on September 24, 2024, United States Representative Maxine Waters, the House Financial Services Committee, urged the Securities and Exchange Commission to finalize the bill by the end of this year. Additionally, Waters noted to the committees chairman Patrick McHenry, “I want us to strike a grand bargain …

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SEC Commissioner Criticizes SEC For Not Admitting That Crypto Tokens Are Not Securities

The post SEC Commissioner Criticizes SEC For Not Admitting That Crypto Tokens Are Not Securities appeared first on Coinpedia Fintech News

In a latest development, SEC Commissioner Hester Peirce, known as Crypto Mom in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institutes SEC Speaks conference in Washington, D.C., she stressed the negative effects SECs regulatory ambiguity is having on the …

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Crypto Policy: Harris Accepts CNN Offer For A Second Debate With Trump

The post Crypto Policy: Harris Accepts CNN Offer For A Second Debate With Trump appeared first on Coinpedia Fintech News

United States Vice President Kamala Harris has accepted CNNs offer for a second presidential debate with former US President Donald Trump on 23 October as she expressed in a latest tweet and hopes that Donald Trump will join her on the stage. Kamala Harris campaign manager Jen OMalley Dillon told the reporters that the voters …

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SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support

The post SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support appeared first on Coinpedia Fintech News

SEC Commissioner Mark Uyeda confirmed that Donald Trumps DeFi project, World Liberty Financial, will face the same regulatory framework that other crypto-related firms. He says that Trump’s DeFi must navigate unclear regulations with strong legal support. Uyeda acknowledged that the SECs actions against crypto have created the impression that the agency is politicized. However, he …

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EFCC Opposes Bail as Detained Binance Exec Seeks Medical Care in Nigerian Money Laundering Trial

The post EFCC Opposes Bail as Detained Binance Exec Seeks Medical Care in Nigerian Money Laundering Trial appeared first on Coinpedia Fintech News

The trial of Binance executive Tigran Gambaryan continued in Abuja on September 2, with Nigerian prosecutors arguing against his request for bail and minimizing his health issues. Lawyers for Nigeria’s EFCC argued that Gambaryan was not in poor health, even though the government regulator’s counsel submitted health records to the court showing he needed surgery. …

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Blockchain adoption in Asia Pacific will expand into SMEs Blockdaemon

Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain. 

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