In a surprising move, the Republican Party has officially included Bitcoin and other cryptocurrencies in their platform for the upcoming 2024 election, with the final vote scheduled for July 9. This decision reflects a shift within the party towards embracing digital assets and blockchain technology, aligning with former President Trump’s recent statements. The Republican National
Regulation
The recent announcement by Messari, a prominent US-based crypto market intelligence platform, to declare independence from the Securities and Exchange Commission (SEC) has sent shockwaves through the industry. The CEO, Ryan Selkis, boldly stated the company’s intention to no longer comply with the SEC’s regulations due to what he perceives as a stringent and ineffective
Former Solicitor General Donald B. Verrilli, in his role as the senior legal strategist for Grayscale Investments, has made serious accusations against US regulators. He claims that regulators are intentionally stifling the growth of the crypto industry through debanking practices. Verrilli’s concerns were highlighted in a joint amicus brief filed with Paul Clement, another former
The European Banking Authority (EBA) recently announced updates to its Travel Rule guidelines, now including crypto service providers and intermediaries. This change, set to take effect on December 30, 2024, will require crypto exchanges in the European Union to adhere to the Travel Rule guidelines (EU-2023/1113). The new rule mandates that exchanges report information on
The buzz around the launch of spot Ethereum ETFs has been a hot topic among analysts and experts in the financial world. Bloomberg ETF analysts, James Seyffart and Eric Balchunas, have expressed differing opinions on when these ETFs will finally hit the market. Seyffart initially predicted a possible launch around July 15th, but later admitted
South Korea’s Financial Supervisory Service (FSS) has announced plans to increase scrutiny on cryptocurrency trading platforms to eradicate fraudulent activities. This move comes as part of the regulator’s efforts to ensure fair and transparent transactions within the crypto industry. Exchanges will now be required to set up a continuous monitoring system to detect and report
The Securities and Exchange Commission (SEC) of Nigeria has recently introduced stringent guidelines for Virtual Asset Service Providers (VASPs) as part of its new regulatory incubation framework. The guidelines mandate that all fintech entrepreneurs involved in virtual assets must establish a local office in Nigeria, including leadership roles such as CEOs. These requirements are aimed
Recently, the popular crypto exchange KuCoin announced that it would begin collecting a 7.5% value-added tax on trading fees from its Nigerian users starting on July 8. This move comes as a surprise to many in the crypto community, as other platforms like ByBit and Binance have not yet implemented similar tax measures. For Nigerian
Mike Novogratz, CEO of Galaxy Digital, recently shared his optimistic outlook on the regulatory environment for cryptocurrencies in the United States. Despite some opposition from lawmakers like Senator Elizabeth Warren, Novogratz believes that there is a noticeable shift towards bipartisan support for innovation in the crypto industry. He emphasized the importance of both political parties
The recent update by the Monetary Authority of Singapore (MAS) has brought about an increase in the risk level of Digital Payment Token (DPT) service providers. This regulatory change, announced on July 1, resulted in the elevation of DPTs to a medium-high risk level from their previous medium-low rating. The MAS made this decision as