Tag: Regulation
BlackRock Secures Abu Dhabi Commercial License Following Saudi Approval
BlackRock has recently obtained a license to do business in Abu Dhabi, marking a significant expansion into the Middle East region. This new development comes after the company received approval from Saudi Arabia just...
Bitcoin ETF Options Available Soon After CFTC Clearance
The U.S. Commodity Futures Trading Commission has decided to hand over the responsibility of clearing Bitcoin ETF options to the Options Clearing Corporation. This move follows a statement issued by the Division of Clearing...
Crypto Regulation: SEC’s Gensler Urges Compliance with Securities Laws
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), recently emphasized the importance of the crypto industry adhering to existing federal regulations. During the Practicing Law Institute’s 56th Annual Institute on...
California Regulators Permanently Revoke BlockFi’s License for Unethical Lending Practices
The California Department of Financial Protection and Innovation has taken strict action against BlockFi, a crypto lending platform, by permanently revoking its lending license due to unethical lending practices and regulatory issues. This decision...
Potential Timeline for Gary Gensler Losing SEC Chair Position Under Trump
President-elect Donald Trump has made promises to replace Gary Gensler as the chair of the U.S. Securities and Exchange Commission as soon as he takes office on Jan. 20. Gensler was appointed by President...
French Regulator Examines Polymarket Operations for Compliance
French gambling regulator Autorite Nationale des Jeux (ANJ) is currently investigating the operations of Polymarket, a crypto-based prediction market that gained attention after a French national successfully bet on Donald Trump winning the U.S....
Suspension of ORB and TEMCO Trading by Korean Digital Asset Exchange Association
The Korea Digital Asset Exchange Association recently made an announcement regarding the suspension of trading and termination of support for ORB and TEMCO tokens. This decision was made due to both projects violating the...
FTX Europe Suspension Extended by Cyprus SEC to May 2025
The Cyprus Securities and Exchange Commission has decided to extend the suspension of FTX Europe's investment firm license until May 30, 2025. This means that the cryptocurrency exchange will not be able to offer...
Regulation of Cryptocurrency in the United States: A Call for Change
At the core of every blockchain network lies a "consensus mechanism," a set of rules that guides participants in updating the network's status. Occasionally, participants must agree to a change in these rules, known...
Why the Federal Reserve Should Not Regulate Stablecoins
Stablecoin legislation has been a hot topic for a while now, with various efforts being made to regulate these crypto tokens. The latest attempt involves Ranking Member of the House Financial Services Committee Maxine...
