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The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot Bitcoin exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC). In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal
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South Africa's financial regulator has announced that all crypto exchanges in the country will be required to obtain licenses by the end of the year, according to a report by Bloomberg.Financial Sector Conduct Authority (FSCA) Commissioner Unathi Kamlana stated that the FSCA has received approximately 20 license applications since its
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singaporean authorities have drafted plans to make it mandatory for crypto exchanges to store their customers’ funds in a trust. The legislation will take effect before the end of the year. MAS ups its investor protection push As
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The UK’s Financial Conduct Authority (FCA) has introduced new rules requiring crypto firms to include risk warnings in ads and offer a ‘cooling off’ period for novice investors. In a move aimed at strengthening consumer protection in
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In the IT world, administrators commonly use the kill switch mechanism to shut off a device, network or software in the event of a security threat. In a smart contract setting, a kill switch can either destroy the contract or deploy a halt, patch and re-release of the contract in
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Kazakhstan, one of the biggest Bitcoin (BTC) mining hubs in the world, announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations. A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance
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The new regime has a broad scope in terms of geography, crypto types, and activities. Foreign trading venues could be forced to set up a subsidiary in the country given their “critical role in the crypto asset value chain,” the document said. It would also apply to utility tokens and
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In previous orders, the Texas state securities board has said that metaverse casinos, like the Flamingo Casino Club, are soliciting residents of the U.S. But there’s no specific language on any of these platform’s sites targeting Texans or Americans in general. It’s also not clear that U.S. residents, or even
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Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems.Geopolitical agitations, the
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Finally, in November, when Bitcoin reaches a specified "block height" (Bitcoin block 709,632), Taproot will activate; that is, the Bitcoin Improvement Proposals (BIPs) relevant to Taproot and contained in Bitcoin Core 0.21.1 will automatically kick in. At that point, all upgraded nodes and devices will be able to recognize and
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