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Russia is moving forward with its central bank digital currency (CBDC), after President Vladimir Putin signed the digital ruble bill into law on July 24 according to an official document published by the state.With this approval, the digital ruble law is now officially scheduled to take effect from Aug. 1,
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The recent court ruling that Ripple’s XRP (XRP) token is not considered a security when sold on digital asset exchanges has sparked a wave of positive sentiment across the cryptocurrency ecosystem. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that he believes the most important part of this ruling is
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On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and
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Though the Law Commission findings are welcome, he believes they’re not enough. “We need to move, in short order, to companies legislation, to regulation, to tax, and to any other area which is fundamentally important to the ecosystem,” Katz said. Source
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If they communicate financial promotions without approval of an authorized person, they are likely to be "communicating an illegal financial promotion," the FCA said. Influencers who fall within the scope of the FCA rules would need to make sure that their promotions are fair and not misleading. Source
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Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in its legal battle with the United States Securities and Exchange Commission (SEC) dating back to 2020.Judge Analisa Torres of the U.S. District Court for the
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Consultations cover authorization and conflict of interest rules for crypto companies under the landmark digital assets law Original Source
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Ryan Salame, who was FTX's co-chief executive of its Bahamas-based unit, is being investigated for potentially illegally avoiding federal limits on contributions to Michelle Bond's campaign for the Republican primary for New York's 1st congressional district, according to the report, citing people familiar with the matter. Source
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Last week saw more rules and regulations emerge regarding digital assets. Thailand’s Securities and Exchange Commission issued new rules requiring digital asset service providers to warn customers of risks associated with cryptocurrency trading. The warning message must be clearly visible, and before customers can use the service, the business operator
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According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities."Since becoming a public
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