The increasing popularity of crypto and the high-profile failures of a number of centralized crypto firms have raised concerns among global financial regulators about potential risks to financial stability, investor protection, and market integrity. So, on 17 July 2023,...
The United States Department of Justice (DoJ)has announced a major restructuring initiative aimed at enhancing its ability to handle the surging caseload within its Criminal Division. Principal Deputy Assistant Attorney General Nicole M. Argentieri revealed this during her speech...
Kuwait has adopted a stricter stance on virtual assets and cryptocurrencies. The Capital Markets Authority (CMA), the country's primary financial regulator, issued a circular on July 18, 2023, outlining comprehensive regulations for virtual assets in the country. The new...
Democratic presidential candidate Robert F. Kennedy Jr. has revealed his ambitious plan to back the US dollar with Bitcoin if elected. Speaking at a Heal-the-Divide PAC event on July 19, 2023, Kennedy expressed his belief that supporting the American...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency...
The Financial Stability Board (FSB) of the G20 has recommended a global regulatory framework for crypto-asset activities. This framework is a response to the G20's request for an effective regulatory, supervisory, and oversight framework for cryptoassets like Bitcoin. In...
A coalition of U.S.-based financial industry organizations has united to oppose a draft bill proposed by the U.S. House Committees on Financial Services and Agriculture concerning the structure of the cryptocurrency market. The coalition, which comprises 21 organizations, including...
The Chinese government is currently considering new laws that strongly emphasize licencing and content control for the development of generative AI technologies. According to a report from the Financial Times, the Chinese digital tech regulator, Cyberspace Administration of China...
Rodrigo Seira, special counsel for Paradigm, a crypto investment firm, has accused the U.S. Securities Exchange Commission (SEC) of overreaching its jurisdiction by attempting to regulate secondary crypto markets. Seira expressed his views in a series of tweets on...
Dubai's digital asset regulator, Virtual Assets Regulatory Authority (VARA), has taken a regulatory enforcement action against BitOasis, a prominent cryptocurrency exchange in the Middle East. On July 10, 2023, VARA issued a market alert stating that it has suspended...
