Regulations

The former Chair of the US Securities and Exchange Commission (SEC), Jay Clayton, said there is a high probability that the regulator will approve the launch of a spot Bitcoin ETF sooner or later. This follows a court ruling that favors the conversion of Greyscale’s Bitcoin Trust (GBTC) into a spot ETF. Recently, the agency […]

Cryptocurrency exchange Coinbase launched a Stand With Crypto Alliance, a crypto advocacy group, on August 14. The primary goal of this independent non-profit organization is to mobilize support for legislation that would establish a regulatory framework for digital assets in thе United States. According to the website, there are currently 54,500 crypto advocates ready to […]

On August 10, the United States Securities and Exchange Commission disclosed the agreement with the crypto exchange Bittrex and its co-founder and ex-CEO, William Shihara. The deal comes in response to accusations by SEC that this unregistered platform offered services to customers illegally. Bittrex and Bittrex Global, its associated entity, have agreed to $24 million, […]

The Association of Bureaux De Change Operators of Nigeria (ABCON) urged the Federal Government of Nigeria to ban Binance’s services in the country. The move further hit the exchange’s business as it is already facing regulatory issues globally. ABCON is a self-regulatory organization overseeing all officially licensed Bureaux de Change (BDCs) under central banks. On […]

A new court ruling regarding XRP has urged the demand for clear rules in the ever-changing crypto world. US Senator Cynthia Lummis, a passionate advocate of BTC and blockchain technology, has called crypto for framework following Judge Analisa Torres’ decision. Torres ruled that Ripple’s XRP Token should not be deemed a security when sold on […]