A bill that aims to regulate cryptocurrencies and stablecoins in the UK has been approved by King Charles. Dubbed the Financial Services and Markets Act 2023, the new law classifies the trading of cryptocurrencies as a regulated activity and brings stablecoins under the scope of payment rules. The Financial Services and Markets Act 2023 gives […]
Tag: STO
South Korea Unifies Several Crypto Bills With One Legislature
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Lawmakers in South Korea approved the nation’s first standalone crypto legislation to protect investors after a terminal implosion of the Terraform ecosystem last year that wiped out $40 billion from the crypto space. The […]
New Zealand’s Central Bank Does Not Want Crypto Regulations
The Reserve Bank of New Zealand issued a statement today (Friday) to notify its intention to increase the monitoring of stablecoins and crypto assets. However, the central bank does not believe in bringing regulatory oversight to the industry. No Need for Crypto Regulations The regulatory clarification came following public input around the issues and risks […]
CME to Launch Crypto Ratio Futures as Cboe Eyes Fidelity’s Spot BTC ETF
Chicago Mercantile Exchange (CME), one of the world’s largest derivatives marketplaces, plans to launch crypto Ether (ETH)/Bitcoin (BTC) ratio futures on July 31, 2023. This is even as Cboe BZX Exchange, one of four equities exchanges operated by Cboe Global Markets, approached the US securities watchdog on Thursday, requesting permission to list the Wise Origin […]
Storj Climbs Amid Market Pullback
On Monday, Bitcoin briefly dropped under $30,000 before moving back above the key psychological level. As of writing, the largest cryptocurrency has been trading at $30,669, up 0.6% in the past 24 hours and 1.3% in the past week. Impressively, Bitcoin has been maintaining its position above the $30k threshold for the fifth consecutive day. […]
Coinbase Dismisses SEC Allegations, Claims ‘Extraordinary Abuse of Process’
Coinbase, a cryptocurrency exchange, has filed a response against the allegations from the Securities and Exchange Commission (SEC), saying the claims “lack all merit.” It also argued that even if the SEC’s assertion of regulatory power over its cryptocurrency services was correct, the watchdog’s action still violates its “due process rights and constitutes an extraordinary […]
Centralized Exchange Landscape Evolving as Platforms Adapt to Regulations
Amid the excitement over the past two weeks, stemming from various ETF applications, a variety of developments have occurred involving centralized exchanges as each adapts to increasing oversight and a changing regulatory landscape. The following are a few examples of this. FTX to Restart? As it stands, the bankruptcy proceedings involving disgraced exchange FTX still […]
Coinbase Up 3% as Firm Takes a Stand Against SEC Lawsuit
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Coinbase filed a motion on June 29 to dismiss the recent lawsuit against it filed by the US Securities and Exchange Commission (SEC), saying the regulator acted beyond its regulatory scope in the recent […]
Stellar (XLM) Eyes Top-25 After Strong Week
Crypto prices are taking a breather this week, with Bitcoin maintaining its position above $30,000 despite a minor price drop. Much like BTC, Ether fell to now trade at around $1,860. In the past 24 hours, however, there have been more red than green moves in the market. Among the top 100 cryptocurrencies, only a […]
Privacy Coin ZEN’s New Update Will Remove All Privacy Features
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The Horizen community has voted to support a new update for deprecating the Horizen mainchain shielded pools. The upgrade will remove shielded transactions with transparent inputs from the Horizen mainchain, eliminating all privacy features of the […]
