Portugal’s National Data Protection Commission (CNPD) recently made a decision to ban Worldcoin from collecting biometric data for a period of three months. This ban was imposed due to various reasons, including concerns about the lack of mechanisms for verifying the age of members and the collection of data from minors without parental consent. Additionally,
Regulation
The recent sanctions imposed by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 13 entities and two individuals in the Russian financial services and technology sectors have sent shockwaves through the international community. These sanctions target entities involved in the development and provision of services related to virtual assets that
WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, has recently obtained regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval came in the form of a charter that allows the company to function as a limited-purpose trust company under the New York
In a significant move, the Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This decision marks a new chapter in the cryptocurrency market, with trading set to commence on or after April 1, 2024.
The recent regulatory filings from the US SEC have revealed a significant delay in the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs). Investment firms like VanEck, Ark Invest, Hashdex, and Grayscale have all been affected by these delays, sparking discussions about the future of crypto ETFs in the US. This news has
The UK Financial Conduct Authority (FCA) recently announced its intention to recover the equivalent of $8 million in costs associated with the supervision of stablecoins and crypto. This monetary recovery will be achieved through the imposition of fees on stablecoin issuers and digital asset custodians. The main objective is to recover £6.2 million ($7.9 million)
Recently, US Securities and Exchange Commission (SEC) Chair Gary Gensler has spoken out against the deceptive practice known as “AI washing” within the financial sector. Gensler condemned the abuse of artificial intelligence and highlighted that such activities could potentially violate securities laws. This warning comes in response to lawsuits and regulatory actions taken by the
A recent ruling by a Federal High Court in Nigeria has sent shockwaves through the cryptocurrency community. The court has demanded that Binance, one of the world’s largest crypto exchanges, provide detailed information on all its Nigerian users to the Economic and Financial Crimes Commission (EFCC), the country’s top anti-corruption agency. This move comes amidst
As the technology industry continues to rapidly evolve, the Asia Pacific region (APAC) has emerged as a powerhouse of innovation. Countries like Singapore, Hong Kong, and Japan have been at the forefront of embracing Web3 technologies. Their progressive regulatory stance has played a crucial role in shaping the future of the industry. For instance, Singapore
Grayscale has made significant updates to its regulatory filing to convert its Ethereum Trust into a spot exchange-traded fund (ETF). The company’s amendment on March 15 reinforces its previous filing by providing additional evidence to support the argument for market surveillance and correlation in the spot Ethereum market. Market Correlation Analysis The latest amendment from