The Chinese government banned cryptocurrency in 2021 in a bid to reduce financial risks and control money flow. However, mining pools in the country continue to wield significant influence over the Bitcoin network. As Ki Young Ju, founder and...
Crypto derivatives exchange Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), its chair Gary Gensler, and four commissioners, challenging the SEC’s jurisdiction over its XRP Futures product. Bitnomial alleged that the SEC's classification of...
Californian investor Nikolas Gierczyk has filed a lawsuit against hedge fund Olympus Peak, accusing the firm of failing to honour an agreement related to an FTX bankruptcy claim. According to a Bloomberg report, Gierczyk claims the hedge fund owes...
IPG Legal, a South Korean law firm specializing in the country's legal system, has stated that married couples in South Korea can now include cryptocurrency holdings in dividing assets during divorce proceedings. The firm clarified how cryptocurrencies are treated...
Taiwan is taking significant steps toward greater institutional adoption of cryptocurrencies, with regulators planning to pilot crypto custody services through local banks. According to a report by the local media outlet, Central News Agency, the country's top financial regulator,...
South Korea is reportedly considering implementing foreign exchange controls on stablecoins amid rising concerns about their increasing use in cross-border transactions. According to The Korea Economic Daily, the country’s Ministry of Economy and Finance is evaluating strategies to strengthen...
21Shares, a Zurich-based asset management and investment firm, is urging the European Securities and Markets Authority (ESMA) to introduce clearer guidelines regarding the inclusion of crypto assets in the UCITS (Undertakings for Collective Investment in Transferable Securities) framework. In...
Ripple Labs is gearing up to challenge the U.S. Securities and Exchange Commission's (SEC) appeal of a recent court ruling that declared its retail sales of XRP did not violate securities laws. Ripple's CEO, Brad Garlinghouse, voiced his frustration...
Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services within the Dubai International Financial Centre (DIFC). According its press release, Ripple plans to build on the approval by extending its enterprise-grade digital...
Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services...
