Ripple has secured in-principle approval from the Dubai Financial Services Authority (DFSA), marking a significant step in its efforts to boost financial services innovation in the United Arab Emirates (UAE), according to an Oct. 1 statement. This makes the firm the first blockchain-based payment service provider to obtain a license…
The NYDFS superintendent said at a digital asset conference in Manhattan that federal crypto legislation is welcomed, but states should retain regulatory roles. NY’s BitLicense has evolved and has been used as inspiration for other regulatory regimes around the world like Singapore and the EU, the superintendent said. NEW YORK…
In the recent past, the top crypto exchanges including Binance and Coinbase Exchange, have faced regulatory crackdowns. Crypto exchanges are the backbone of the crypto industry. Crypto enthusiasts are keenly observing how the crypto exchanges are responding to these crackdowns. Let’s see how some recent crypto crackdowns have affected some…
With the global crypto market cap has risen by 4.66% to $2.03 trillion, although the total trading volume has decreased by 39.85% to $99.79 billion. Big investors have begun to put in more money, and there have been large transactions with Tether’s stablecoin, USDT. Meanwhile, Cumberland, a major player in…
The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos. On July 11, Paxos announced that it received an investigations termination notice from the SEC a few days earlier on July 9. The notice confirmed that the regulator would not pursue enforcement action against Paxos…
The U.S. Securities and Exchange Commission (SEC) lawsuit against Binance and its co-founder Changpeng Zhao (CZ) is set to proceed after a Friday ruling. A judge in the U.S. District Court for the District of Columbia gave the green light to 10 out of 13 counts in the SEC lawsuit.…
The Biden administration has re-hired former crypto adviser Carole House, according to a LinkedIn post on June 24. House said she is “honored to have been called to return to service of absolutely critical mission sets that are necessary to shape the future of secure and trustworthy digital economies.” House…
Cameron and Tyler Winklevoss have been collectively refunded around $310,800 by the Trump 47 Committee since they exceeded the maximum amount of donation allowed by federal law, a campaign official told Bloomberg. The founders of Winklevoss Capital Management and Gemini crypto exchange each donated $1 million worth of Bitcoin (BTC)…
Cumberland DRW, a major digital asset trader and liquidity provider, said on Monday that the New York State Department of Financial Services (NYDFS) granted its New York-based entity a virtual currency license called BitLicense. “We are pleased that the New York State Department of Financial Services has granted Cumberland New…
According to a June 11 statement, Ripple has completed the acquisition of Standard Custody & Trust Company, a licensed digital asset custodian. The firm initially revealed its intention to acquire the firm in February but finalized the deal earlier today after receiving the appropriate regulatory approval. Secures NYDFS licensing Ripple…