Securities and Exchange Commission Refuses to List ARK 21Shares Spot Bitcoin ETF

US SEC says ARK and 21Shares ETF was not “consistent with the requirements.” US Securities and Exchange Commission (SEC), an independent agency of the United States federal government enforcing the law against market manipulation, has refused to list ARK 21Shares Spot Bitcoin exchange-traded fund (ETF). According to the statement shared on January 26th, the ETF […]

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SEC Cracks Down on Investment Advisers for Crypto Custody Compliance

The U.S. Securities and Exchange Commission (SEC) is reportedly increasing its investigation of registered investment advisers. The SEC aims to determine if the advisers are following regulations related to the safekeeping of clients’ crypto assets via the strict probe. According to anonymous sources with knowledge of the inquiry, the SEC has been questioning advisers’ efforts […]

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Arizona Senator Launches Bill to Make Bitcoin Legal Tender

A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants to Make Bitcoin Legal Tender Arizona State Senator Wendy Rogers has […]

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US Senator Warren Urges SEC to “Double Down” on Its Crypto Regulatory Efforts

US Senator Elizabeth Warren believes that the crypto industry is “scared of a strong SEC.” Elizabeth Warren, an American politician and the senior United States Senator from Massachusetts, has urged the US Securities and Exchange Commission (SEC) to “double down” on its efforts to regulate the crypto industry. In an interview with American Economic Liberties […]

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Ireland’s Central Bank Governor Offers to Ban Crypto Ads Aimed at Young Adults

Governor Gabriel Makhlouf says there is an “uncomfortable” level of crypto ads targeting young adults. The Governor of the Central Bank of Ireland, the country’s financial services regulator for most categories of financial firms, offered to ban crypto advertisements targeting young adults. According to the Bloomberg report shared on January 25th, Governor Gabriel Makhlouf discussed […]

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French Lawmakers Pass a New Crypto-Related Amendment

French authorities have decided to wait for MiCA’s legalization before introducing stricter crypto regulations. Members of the French National Assembly, the lower house of the bicameral French Parliament under the Fifth Republic, have passed a new crypto-related amendment suggested by politician Daniel Labaronne. According to the amendment passed on January 24th, existing crypto firms will […]

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Arizona Residents to Vote on Virtual Currency Property Tax Exemption

Arizona residents may soon be able to hold onto more of their virtual currency as a bill could make it exempt from taxes. The state of Arizona is proposing a change to its constitution that would make virtual currencies, such as Bitcoin, exempt from property taxes.  According to the official document, If the change is […]

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Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon

You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly a better solution for protecting the interests of customers in crypto. Regulation alone […]

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EU Lawmakers Propose Strict Regulations for Crypto Exposures in Banks

European lawmakers are due to vote on a draft law, enforcing banks to limit the amount of capital that covers crypto asset holdings. The economic affairs committee of the European Parliament is expected to vote on a draft law. The law includes implementing the elements of Basel III, an international regulatory framework for banks, that […]

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South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints

According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted that all complaints that occurred before crypto assets were designated financial products will […]

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