Regulation

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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. Senators Jack Reed and Laphonza Butler advised the financial regulator to tighten its scrutiny of Bitcoin ETFs. They raised concerns about
0 Comments
The blockchain analytics firm Elliptic recently uncovered that the North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to disguise its transactions. This comes after a period of dormancy following US government sanctions in response to allegations of assisting criminals in laundering illegally obtained digital assets. Despite the
0 Comments