Regulation

Paradigm has raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). In a detailed response to ESMA’s third consultation package, the firm outlined potential negative impacts on both EU citizens and the broader crypto ecosystem stemming inadvertently from some of the proposed rules. ESMA
Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses, warning of enforcement actions against non-compliance. This move comes as part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs), aimed at aligning existing rules on digital assets issuance,
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that prohibits the use of central bank digital currencies (CBDCs) in the state. This move is aimed at protecting the interests of individuals and businesses involved in the crypto mining industry. The bill ensures that governing authorities do not accept or require payments in CBDCs
Recent reports suggest that Coinbase, a prominent cryptocurrency exchange, may encounter regulatory challenges due to its adherence to the new Financial Accounting Standards Board (FASB) rules. These regulations shift the accounting and disclosure practices for cryptocurrencies from a cost-less-impairment model to a fair-value model. This change aims to provide a more accurate valuation of digital
Recently, the US Commodity Futures Trading Commission (CFTC) has begun an investigation into Jump Crypto for reasons that have not been disclosed. According to Forbes, the federal agency is looking into the firm’s trading and investment activities within the crypto sector. It is important to note that this examination does not automatically imply any wrongdoing
The SEC recently announced the closure of its investigation into Ethereum 2.0, determining that sales of ETH are not securities transactions. This decision comes after Consensys sought clarity following the May approvals of ETH ETFs, which classified ETH as a commodity. Consensys expressed their satisfaction with the outcome, stating that the SEC has notified them
Circle, a fintech company that issues the stablecoin USDC, is facing regulatory hurdles from the US Securities and Exchange Commission (SEC) as it seeks to go public in a multi-billion dollar initial public offering (IPO). The SEC has expressed concerns about the classification of USDC and other stablecoins as securities under US law, which could
Since the post-World War II transition to fiat currency, where money is backed by the government’s value rather than physical commodities like gold, the financial landscape has undergone significant changes. While fiat currency offers flexibility, it has also resulted in governments being able to print money at will, leading to problems like inflation, economic instability,
Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as a technology with significant potential benefits. Uyeda emphasized that representing asset rights through digital tokens on a blockchain can offer enhanced security, transparency, and immutability. Moreover, he highlighted that tokenization eliminates the need for intermediaries, thus simplifying transactions and
Coinbase recently expressed its objection to the Securities and Exchange Commission’s (SEC) $2.6 billion budget request for the 2025 fiscal year. In a statement to CryptoSlate, a representative from Coinbase criticized the SEC’s focus on enforcement rather than creating meaningful regulations for the crypto industry. The exchange highlighted the lack of clarity in regulatory guidelines