#news #newstoday #tech #technews #latestnews #techupdates #newsupdates The government has no specific timeline in sight to introduce new regulations for virtual digital assets (VDAs) in India, according to Minister of State (MoS) Finance Pankaj Chaudhary. The progress in regulation of VDAs in India was provided when Chaudhary answered questions from…
More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday. The FSB, which groups regulators, central banks and treasury officials from the G20 economies, said turmoil in crypto markets last year…
Coinbase, one of the world’s largest crypto exchanges, has sued the US Securities and Exchange Commission (SEC) to clarify rules surrounding the growth of crypto businesses in the US. The crypto exchange has asked a US court to compel the SEC to provide detailed information to allow crypto companies to…
Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), has clarified its position on the status of cryptocurrencies like Bitcoin and Ether, stating that crypto assets without an issuer are issued solely by computer code, do not constitute securities. The Belgian government’s position is that cryptocurrencies are more similar…
Santander UK, the British branch of the Spanish financial giant, has published a new update concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the UK’s Financial Conduct Authority (FCA) has warned the public about such risks and the financial…
Ethereum co-founder Vitalik Buterin, in sharing his opinion on crypto regulation, declared that he is “kinda happy” that exchange-traded funds (ETFs) are being delayed. In a lengthy thread on Twitter, Vitalik Buterin discussed how regulations would impact crypto. According to Buterin, all regulations focus on either consumer protection or making…
US Securities and Exchange Commission (SEC) chair Gary Gensler has stated that he doesn’t view decentralisation as a fact of crypto markets, despite the origins of digital currencies in circumventing centralised authorities. Speaking at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting on October 24, Gensler acknowledged that…
The European Union has reached an agreement on the Markets in Crypto Assets Regulation (MiCA) framework that spells out how the region should approach the crypto sector. Officials from countries in the bloc signed the framework text into law without any further deliberation, the Council of European Union (EU) said…
Binance, one of the world’s biggest crypto exchanges by transaction volume has decided to disable its derivatives services in Spain while seeking regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV), a government agency responsible for the financial regulation of the securities markets in the country. Binance’s website…
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