The Canadian Investment Regulatory Organization (CIRO) has released its latest quarterly List of Securities Eligible for Reduced Margin (LSERM). In this update, they announced that cryptocurrency funds will not qualify for reduced margin rates. This decision is based on concerns about the volatility of cryptocurrencies, liquidity risks, and the uncertainty ...
TIGER 21, a network of affluent investors, entrepreneurs, and executives, has allocated up to $6 billion in cryptocurrencies within its $200 billion portfolio. In a recent interview with CNBC, Micheal Sonnenfeldt, founder and chairman of Tiger 21, stated, "Approximately 1% to 3% of our $200 billion in assets is allocated ...
The city of Gwacheon has announced plans to introduce an electronic system for seizing virtual assets, according to South Korean media outlet Energy Kyungjae. This initiative is part of a broader effort to enhance tax enforcement, with officials planning to deploy the technology across Gyeonggi Province to track down cryptocurrency ...
This week, Paul Grewal, Coinbase’s Chief Legal Officer, will testify before the U.S. Congress. The hearing will focus on allegations that federal regulators pressured banks to cut ties with cryptocurrency firms. I’m testifying at the @FinancialCmte’s oversight hearing looking into the past clandestine and undemocratic campaign to cut off crypto ...
Hong Kong's securities regulator has proposed an expansion of its workforce to enhance its efforts to establish the region as a leading cryptocurrency hub. In its 2025-2026 financial year budget plan, the Securities and Futures Commission (SFC) has outlined a plan to add 15 new positions. Of these, eight will ...
Klickl, a UAE-based Web3 financial platform, has partnered with IMKAN Properties to enable cryptocurrency transactions for real estate purchases in the country. The collaboration allows buyers to invest in premium properties using digital assets such as Bitcoin, Ethereum, and USDT. This initiative simplifies transactions for both local and international investors, ...
India is revisiting its cryptocurrency policy as global sentiment toward digital assets continues to evolve, with countries like the US adopting a more structured regulatory stance. According to Reuters, the Indian government is reassessing a discussion paper on cryptocurrencies initially set for release in September 2024. Economic Affairs Secretary Ajay ...
Elliott Management has warned that the U.S. government's new support and push for cryptocurrencies is fueling a speculative bubble that could end in financial havoc. In an investor letter seen by the Financial Times, the $70 billion hedge fund criticized the White House's pro-crypto stance, arguing that digital assets have ...
A Chinese court has ruled that BKEX, a crypto exchange known for futures trading, operated as an illegal gambling platform. According to local reports, the People's Court of Pingjiang, Hunan Province, recently ruled BKEX's contract trading as outright gambling. The ruling followed an extensive court proceeding about the exchange's operations, ...
Kazakhstan plans to enhance its legal crypto operations as President Kassym-Jomart Tokayev calls for quick improvements to its digital asset infrastructure. In light of a more crypto-friendly approach in the U.S., Tokayev aims for rapid development to boost Kazakhstan's position in the crypto sector. During a government meeting, the President ...
