Crypto.com sues the US SEC after Wells notice
com has sued the SEC for overreaching its regulatory authority over crypto. The lawsuit challenges SEC rules categorizing most crypto transactions as securities. com seeks...
National Bank of Bahrain launches a Bitcoin investment fund
The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund. The fund offers accredited investors exposure to Bitcoin as a capital-protecting option. Bahrain...
The UAE Exempts Crypto Transactions from VAT
The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but retroactively apply to...
Alabama grants Transak a Money Transmitter License (MTL)
Transak secures its first Money Transmitter License (MTL) in Alabama. The license boosts security, speed, and compliance for US cryptocurrency services. Transak targets further state...
CFTC votes on allowing DLT-based collateral in commodities and derivatives trading
CFTC’s subcommittee recommends using DLT-based collateral in trading. Approval could broaden access to digital assets for smaller market participants. Strong ETF inflows signal growing institutional...
Gemini announces exit from the Canadian market
Gemini exits Canadian market, citing strict regulations and compliance costs. Users must withdraw funds by Dec. 31 as all accounts will close by that date....
Kasikornbank to launch Thailand’s first licensed digital asset custodian
Kasikornbank is set to launch orbix Custodian, Thailand’s first licensed digital asset custodian. Operations for orbix Custodian are set to begin in early 2025 after...
Sorare charged for unlicensed gambling services in the UK
UK Gambling Commission charges Sorare for providing unlicensed gambling services. The United Kingdom’s Gambling Commission has been investigating Sorare for three years. Sorare denies wrongdoing,...
US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under SEC rules
US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under current regulations. SEC plans new regulations for DeFi and trading systems to protect...