The Securities Commission of the Bahamas (SCB) has instituted stringent new regulations for Virtual Assets Service Providers (VASPs) seeking to operate within its jurisdiction as a means of demonstrating that it has learned from the demise of the FTX Derivatives Exchange. The SCB claims it has raised financial and reporting
SAN FRANCISCO–(BUSINESS WIRE)–Bosonic Securities, LLC, was recently approved by the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer and an Alternative Trading System (ATS) for equity and debt securities, including digital asset securities (i.e., securities that use blockchain technology). Bosonic Securities was also approved to conduct private placements of
NASSAU, The Bahamas–(BUSINESS WIRE)–The Securities Commission of The Bahamas (the Commission) today published the Digital Assets and Registered Exchanges (DARE) Bill, 2023 for consultation. The DARE Bill 2023 expands the definition and list of digital asset business activities and includes robust consumer and investor protection, risk management, and market innovation
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
On Monday, the largest cryptocurrency exchange in the United States, Coinbase, sued the Securities and Exchange Commission (SEC), a prominent financial watchdog. Its chief executive minted an NFT and urged the crypto community to “Stand With Crypto” while the exchange pursues legal action to clarify regulatory requirements. Coinbase CEO Brian
Crypto exchange Coinbase initiated a solid move against the U.S. Securities and Exchange Commission (SEC). On Monday, the exchange sued SEC, urging the court to compel the regulator to respond to its rulemaking petition. Paul Grewal, Chief Legal Officer at Coinbase, tweeted: “The SEC is required by law to respond
Thetanuts Finance, a multichain decentralized options protocol, has secured $17 million in an institutional funding round. Thetanuts Finance offers a range of crypto-structured products, enabling a wide customer base to earn a yield on major cryptocurrencies and popular altcoins. Along with providing liquidity, and executing short and long options strategies.
According to reports, the cryptocurrency market faces increased scrutiny from regulators worldwide. The US SEC has been particularly active in regulating the market. And also their pressure on regulations is now impacting the crypto market. This has led to uncertainty among investors and caused the market to fluctuate. The SEC
The South Korean Court has decided that Terra Classic (LUNC), the rebranded native token of the Terra network that spectacularly collapsed last year, is not a security. Apparently, the Seoul Southern District Court found once again on February 16 that “it is difficult to see LUNC as a financial investment
The decision by a South Korean district court that Terraform Labs’ native token, luna, is not a security has significant implications for the company and the wider cryptocurrency industry. The ruling comes after previous court discussions where authorities were on the fence about whether the Capital Markets Act applied to
