The South Korean Financial Services Commission (FSC) has recently announced significant legislative amendments with the aim of tightening regulations surrounding virtual asset business operators. These changes are specifically focused on increasing accountability and duties of executives within the crypto industry. The introduction of these measures reflects the government’s commitment to fostering a more stable and
Regulation
The approval process for options on spot Bitcoin exchange-traded funds (ETFs) is expected to be a lengthy one, with regulatory approval potentially taking anywhere from two to ten months, according to Martin Leinweber, digital asset product strategist for MarketVector Indexes. This suggests that approval for these options may not come until sometime between April and
The European Securities and Markets Authority (ESMA) has clarified that EU-based crypto firms can serve non-EU customers in certain situations, according to a statement released on Jan. 29. This guidance confirms ESMA’s previous message regarding the limited provision of crypto-asset services by third-country firms under the Markets in Crypto Assets Regulation (MiCA). However, ESMA emphasized
In a speech delivered in Naples, CFTC Chair Rostin Behnam expressed significant concerns regarding the current state of cryptocurrency and digital asset regulation. He emphasized the necessity for comprehensive federal oversight to address the challenges and regulatory gaps in the rapidly evolving digital asset landscape. Absence of Legislative Framework One of the key points highlighted
The Internal Revenue Service (IRS) recently released a reminder for taxpayers regarding the reporting of digital assets and related income. This serves as a crucial update for individuals, businesses, and entities involved in the ownership, sale, or exchange of digital assets. With the expansion of the questionnaire’s reach and the inclusion of additional forms, it
Recently, FOX Business reporter Eleanor Terrett shed light on the expectations surrounding spot Ethereum ETF approvals. According to Terrett, there seems to be a strong opposition within the U.S. Securities and Exchange Commission (SEC) towards approving a spot Ethereum ETF. This revelation leaves investors and crypto enthusiasts contemplating the reasons behind such resistance. Terrett clarified
Senator Elizabeth Warren’s recent comments about the cryptocurrency industry have ignited a significant backlash from the crypto community. Her remarks, referencing a report from the U.S. Government Accountability Office (GAO), claimed that “rogue nations” were using cryptocurrency to evade sanctions and pose threats to national security. However, many members of the crypto community argue that
The U.S. Securities and Exchange Commission (SEC) has recently opened up for public comments on two proposals related to options trading on Bitcoin exchange-traded funds (ETFs). These proposals could potentially pave the way for Nasdaq and Cboe Exchange Inc. to list and trade options on various Bitcoin ETFs, opening up new investment strategies and opportunities
Today’s court hearing between Binance and the SEC, which was eagerly anticipated, has been postponed due to unforeseen circumstances. The courthouse has been closed for in-person proceedings because of inclement weather. As a result, the motions hearing has been rescheduled to Monday, January 22, 2024, at 10:00 a.m. This unexpected delay has further intensified the
The highly anticipated court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC) on January 17, 2023, shed light on the ongoing dispute over alleged securities violations. Originally, in June 2023, the SEC accused Coinbase of operating an unregistered national securities exchange, broker, and clearing agency. Additionally, the SEC raised concerns about Coinbase’s