The United Kingdom is at a pivotal point in regulating cryptocurrency advertising, facing a series of challenges that highlight the complexities of overseeing a rapidly evolving financial landscape. As the Financial Conduct Authority (FCA) navigates this intricate terrain, recent reports reveal alarming statistics, with thousands of potentially misleading ads flagged but only a fraction successfully
Regulation
In a landmark development for both MoonPay and the digital asset industry, the crypto payment solutions provider has garnered approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This announcement, made public on December 30, underscores the company’s commitment to regulatory adherence and positions it strategically within the European Economic Area (EEA). By securing
In a fierce battle over the future of decentralized finance (DeFi) in the United States, A16z Crypto, the blockchain-focused venture capital arm of Andreessen Horowitz, has raised a clarion call against recently proposed regulations by the Internal Revenue Service (IRS) and the Treasury Department. Michele Korver, A16z’s head of regulation, recently took to social media
Japan is taking significant steps to bolster regulatory measures within its financial sector, particularly focusing on cryptocurrencies. The Financial Services Authority (FSA) has initiated a comprehensive review aimed at improving internal audit protocols among financial institutions, including crypto exchanges. This move comes in light of recent findings that revealed gaps in compliance and oversight practices
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have recently introduced final regulations pertaining to digital asset service providers, particularly targeting the emerging decentralized finance (DeFi) sector. This new framework mandates compliance measures, including the controversial Know-Your-Customer (KYC) procedures, fundamentally altering the operational landscape for brokers in digital assets. The implications
The turbulent world of cryptocurrency continues to face intense scrutiny, particularly from regulatory bodies. A striking example of this heightened examination is the recent legal action undertaken by the Securities and Exchange Commission (SEC), which has charged Tai Mo Shan Limited, a subsidiary of Jump Crypto, with misleading investors regarding the algorithmic stablecoin Terra USD
The landscape of cryptocurrency exchange-traded funds (ETFs) is on the cusp of significant transformation, driven by regulatory shifts and a renewed interest from key figures within the U.S. Securities and Exchange Commission (SEC). As the SEC undergoes leadership changes, particularly with Paul Atkins anticipated to take the helm, discussions regarding pivotal modifications such as in-kind
As we delve into the projections for the cryptocurrency market in 2025, the insights from Coinbase present a compelling narrative of significant shifts and promising trends. Notably, the period is characterized by an aggressive push toward tokenization of assets, a revival of decentralized finance (DeFi), and the emergence of a regulatory landscape that leans favorably
In a significant move, the Bavarian State Office for Data Protection Supervision (BayLDA) has mandated Worldcoin to enhance its privacy protocols following a comprehensive investigation into the company’s handling of biometric data. The inquiry, which began in April 2023, stemmed from concerns regarding Worldcoin’s use of iris-derived biometric information, crucial for their World ID system
In a significant move towards establishing a well-defined regulatory framework for virtual asset trading, Hong Kong’s Securities and Futures Commission (SFC) has granted licenses to four virtual asset trading platforms (VATPs). Announced on December 18, this milestone is part of a broader effort by the SFC to enhance the legitimacy and security of cryptocurrency transactions