Regulatory Updates
SEC’s Proposals Set to Revolutionize Cryptocurrency Options Trading
On 6 August, 2024, in a move to further integrate cryptocurrency assets into the regulated financial system, the Securities and Exchange Commission...
Artists Challenge SEC’s Authority Over NFTs Seeking Clarity of Jurisdiction
On 29 July 2024, conceptual artist Brian Frye and musician Jonathan Mann filed a pre-emptive lawsuit against the United States Securities and...
Binance Faces $86 Million Tax Bill from Indian Authorities Amid Intensified Scrutiny
On 5 August 2024, Indian authorities have issued a substantial tax bill to Binance, the world’s largest cryptocurrency exchange. The Directorate...
Law Commission of England Publishes Digital Assets Draft Bill and Report: Proposes Third Category of Personal Property for Digital Assets
On 30 July 2024, the Law Commission of England and Wales published a supplemental report and draft Bill proposing the establishment of a third...
U.S. Senator Cynthia Lummis introduced Bill ‘BITCOIN Act of 2024’: Strategic Bitcoin Reserve to Revolutionize National Financial Security
On 5 August 2024, the United States Senator Cynthia Lummis is set to introduce the "Boosting Innovation, Technology, and Competitiveness through...
CFTC Grants Exemptions to Singapore-Based FMX Securities and LMAX Pte. Ltd. from SEF Registration Requirements
On 2 August 2024, the Commodity Futures Trading Commission (CFTC) announced the unanimous approval of an amended order exempting two recognized...
SEC Proposes Joint Data Standards to Enhance Financial Transparency
On 2 August 2024, the Securities and Exchange Commission (SEC) announced a proposal for joint data standards under the Financial Data Transparency...
Latvijas Banka Published Financial Stability Report 2024: Talks about Cryptocurrency Regulations
On 26 July 2024, Latvijas Banka published its Financial Stability Report, offering a comprehensive analysis of Latvia's financial system. The report...
MAS Highlights Sustainable Governance at Singapore Governance and Transparency Forum
On 1 August 2024, Mr. Lim Tuang Lee, Assistant Managing Director (Capital Markets Group) at the Monetary Authority of Singapore (MAS), addressed the...
Coinbase Faces Legal Scrutiny Over Alleged $25 Million Campaign Finance Violation Amid Federal Contract Bidding
On 30 July 2024, Coinbase came under scrutiny following allegations that it violated campaign finance laws by making a $25 million donation to the...
XRP Ledger Revolutionizes DeFi with Tokenized US Treasury Bills
On 30 July 2024, in a recent development, the XRP Ledger will now offer tokenized US Treasury bills (T-bills) to investors through a new partnership...
CFTC Issues Warning on Multi-Stage Crypto Fraud Schemes
On 30 July 2024, the Commodity Futures Trading Commission’s (CFTC) Office of Customer Education and Outreach (OCEO) issued a customer advisory...