"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson.
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“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty," said Nikhil Rathi.
The international organization looked at ten cybersecurity frameworks as it created its comprehensive version with six principles and numerous best practices.
The archipelagic country of the the Philippines is exploring blockchain use cases across different industry verticals.
Weekly Bitcoin trading volumes in the Philippines peso were steadily growing on Paxful this year and eventually hit a new high in July.
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets.
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
The license will allow crypto exchange OKX to offer services and products to investors and financial services providers in Dubai.
The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time.
Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology.
Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook and a contact form on a website.
The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT.
Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.
South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.
The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products.
The SEC has argued that the documents should be protected because Hinman wrote the speech as a “personal errand,” but the judge didn’t buy it.
The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided "meaningful cooperation" with the liquidators.