Regulation
US Lawmakers Demand SEC Clarify Position On Ethereum in Prometheum Case
In a letter sent on March 26, the chairmen of the US House Financial Services Committee and the House Agriculture Committee asked Securities and Exchange Commission (SEC) chair Gary Gensler to clarify its position on crypto firm Prometheum’s plans to offer institutional custody services for Ethereum (ETH). They requested Gensler because of potential regulatory disparities […]
Hong Kong Receives First Spot Bitcoin ETF Application From Harvest Fund
Hong Kong has reportedly received its first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) just two weeks after the United States Securities and Exchange Commission approved the first spot BTC ETF in the US. According to a Jan. 29 Tencent report, the Hong Kong branch of Harvest Fund Management, a major Chinese asset […]
Binance Apps Blocked in India Amid Regulatory Heat
Apple’s App Store in India has briefly banned multiple crypto exchange applications such as Binance, KuCoin, Bitget, HuobiOKX., Gate.IO, and MEXC. After the FIU received a notice from the Indian Ministry of Finance, this step involved singling out almost a dozen offshore crypto exchanges. On the 28th of December, the FIU notice came out against […]
South Korea’s FSC Proposes Ban On Credit Card Payments For Crypto
South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has proposed an amendment to the Credit Finance Act, which aims to effectively prohibit local citizens from purchasing cryptocurrencies with credit cards. In a Jan. 3 legislative notice, the FSC cited concerns about money laundering and illegal outflows that could come with South Korean […]
US SEC Sets Deadline For Spot Bitcoin ETF Applicants
Applicants for a spot Bitcoin exchange-traded fund (ETF) have just a few days to make final changes to their filings to meet a looming deadline set by the US Securities and Exchange Commission (SEC). The regulator has set a deadline for spot BTC ETF applicants to file final S-1 amendments by December. 29, Reuters reported […]
Crypto Custodian Hex Trust Secures Dubai VASP License
Hong Kong-based institutional crypto asset custodian Hex Trust has successfully obtained a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Nov.15. The approval allows Hex Trust to offer virtual asset custodial services to investors and institutional clients in Dubai. The company also received a Minimal […]
SEC Asks Judge To Deny Coinbase’s Motion To Dismiss Lawsuit
On October 3, the US Securities and Exchange Commission (SEC) filed a petition with a New York District Court, asking the court to reject Coinbase’s motion to dismiss the lawsuit. The regulator stated that some of the crypto assets listed on the exchange qualify as investment contracts under the Howey Test. As a result, these […]
US Court Rejects SEC’s Request To Access Binance.US Software
A US federal judge has rejected the Securities and Exchange Commission’s request for access to Binance.US’s software and other documentation, Bloomberg reported on Sept.18. The SEC filed a lawsuit against Binance.US in June, claiming the company was operating unlawfully and mishandling customer funds. On Sept. 18, the regulatory authority again filed a request, alleging insufficient […]