Similar lawsuits have been filed against Nexo in Kentucky, Vermont, South Carolina, and Maryland. Similar law enforcement actions were taken against Celsius in 2021. On Monday, state securities regulators in California and several other states took action against the crypto lender Nexo, labeling the company’s Earn Interest Product (EIP) unregistered
The US CFTC is preparing to become a key crypto market regulator. They will allow the CFTC to act quickly to implement this digital market monitoring. According to the CFTC chairman, Rostin Behnam, the US Commodity Futures Trading Commission is prepared to become a major regulator of the cryptocurrency market.
California Assembly approved a measure to regulate crypto services. Sherman can’t make up his mind on the best strategy to safeguard crypto investors. In the USA, certain states like California have tightened their rules on cryptocurrencies. For instance, only last week it was announced that the California Assembly had approved
The risk warning, according to the Thailand SEC, must be both clear and prominent. The Thailand SEC said that promotion must be conducted via authorized means only. The Thailand SEC has lately reexamined advertising regulations and imposed certain new guidelines, including a mandate for companies to inform consumers of investing
SEC Chair Gary Gensler clarified his stance on cryptocurrency markets. The SEC actions appeared following the failure of the Terra (LUNA) stablecoin. Gary Gensler, former investment banker, and 33rd chair of the US Securities and Exchange Commission (SEC) made the statement about how cryptocurrency assets need to be managed. The
Relationship between the Asian equity market and cryptos has increased, as per IMF. IMF suggests regulatory frameworks to protect the investors. According to a recent blog post from the International Monetary Fund (IMF), the interconnection between the Asian equity market and cryptocurrencies has nearly tenfold increased since the Covid-19 pandemic.
Top regulated exchanges that investors and traders prefer. Coinbase and Kraken are the leading exchanges in terms of security and regulations. Gemini is one top exchange that gives importance to compliance and security. Since the launch of cryptocurrencies which is more than a decade old, the crypto space has exploded
Each country focuses on crypto regulations, some have strengthened the rules but revising and making minor changes is constant. Similarly, the authorities of Iran have amended regulations for the crypto miners which now gives easy-access to renewable sources. This allows licensed miners to purchase electricity generated from renewable energy at
Update comes after a series of high-profile crypto lending firm closures. FSB plans to provide reports in October this year. To ensure “robust regulation and supervision” of cryptocurrencies, the Financial Stability Board (FSB) announced today. According to the G20 Treasury and Central Bank leaders’ group, they plan to provide a
Regarding DFAs, platforms are exempt from VAT, exactly like securities. Foreign-based corporations will be charged a higher 15 percent tax. In Russia’s State Duma, the lower house of the Russian parliament passed a measure allowing Moscow to tax digital financial assets (DFAs) activities by altering the country’s tax code. The
