Cryptocurrency Analysis and News Portal
North America’s second Bitcoin (BTC) exchange-traded fund received regulatory approval on Tuesday, offering another potential entry point for institutional investors to access digital assets.Less than three weeks after filing a preliminary prospectus for a Bitcoin ETF, Evolve Funds Group Inc announced Tuesday that its fund has been approved by the Ontario
Read More
Thailand’s Securities and Exchange Commission (SEC) will conduct a public hearing this month to gauge what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts.According to a report by the Bangkok Post on Sunday, the regulator is concerned for investor safety amid the recent meteoric rise in
Read More
The first bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator.According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions.Those territories include British Columbia, Alberta,
Read More
The U.S. Consumer Financial Protection Bureau is probing the social payments app, according to Reuters. Source
Read More
“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg. Source
Read More
Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving the right to grant “Fintech Charters.”Earlier this week, the CFPB’s Taskforce on Consumer Financial Law published a report featuring
Read More
Most crypto firms complain there are too many regulatory bodies globally and particularly in the U.S., and protest that this overlapping and even contradictory regulation stymies growth and innovation. The “alphabet soup” of U.S. federal regulatory bodies – the SEC, CFTC, DOJ, FDIC, FTC and IRS, to name a few
Read More
While 2020 has been a landmark year for the crypto space, there have been a few notable letdowns. Despite the growing mainstream acceptance of virtual currencies, some governments are still creating policies that stifle innovation, placing their countries at a disadvantage in the emerging digital economy.Decentralized finance was a major
Read More
“All the regulation that is needed and not a drop more.”That’s the approach New York’s top financial regulator said she’s taking toward the crypto sector, just under two years after first taking on the position. This article is part of CryptoX's Most Influential 2020 – a list of impactful people in
Read More
Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the
Read More