The U.S. Securities and Exchange Commission (SEC) has introduced Staff Accounting Bulletin No. 122 (SAB 122), which replaces the controversial SAB 121 guidance for accounting practices related to custodial crypto assets. The update provides regulated banks and financial institutions...
Hong Kong's Securities and Futures Commission (SFC) is preparing to issue new cryptocurrency trading licenses following a comprehensive review process of applicants. Chinese media outlet SINA Finance reported that Ye Zhiheng, Executive Director of the Intermediary Department at the...
The U.S. Securities and Exchange Commission (SEC) has announced the creation of a crypto task force to develop a comprehensive regulatory framework for digital assets. Acting Chairman Mark T. Uyeda unveiled the initiative on January 21, 2025, according to...
Utah has introduced an innovative bill to modernize state investments by permitting the treasurer to invest public funds in digital assets. The "Blockchain and Digital Innovation Amendments" (H.B. 230), presented by State Representative Jordan Teuscher, aims to position Utah...
Amir Haleem, the CEO of Nova Labs, has revealed that the Solana-based Helium Network is preparing to contest a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) on January 17 against its managing company, Nova Labs. Haleem...
China's relationship with cryptocurrency is a tale of contradictions. Once a global leader in Bitcoin mining and cryptocurrency trading, the country seemed poised to dominate the digital currency landscape. But all of a sudden, it became one of its...
Boerse Stuttgart Group, via its subsidiary Boerse Stuttgart Digital Custody GmbH, has become Germany's first crypto asset service provider to secure a European Union(EU)-wide license under the Markets in Crypto Assets (MiCA) Regulatory Framework. This achievement positions the company,...
Binance has updated its cryptocurrency deposit and withdrawal procedures in Poland to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). In a blog post on January 17, the exchange announced that starting January 20, users may be...
The SEC has filed an opening brief to the US Court of Appeals for the 2nd Circuit, seeking to reverse a prior ruling that determined XRP is not a security when sold to retail investors. In a brief, defence...
VanEck, an asset management firm, has applied to the U.S. Securities and Exchange Commission for its "Onchain Economy" exchange-traded fund (ETF). The filing was revealed by Matthew Sigel, VanEck’s Head of Digital Assets Research, in a now-deleted social media...
