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Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses. Thailand SEC Issues Regulations Limiting Use of Digital Assets for Payments Financial regulators in Thailand … Read more
Since Dec. 2021, the government of Thailand has been working on preparing a new regulatory framework by defining “red lines” for the crypto industry. Go to Source Powered by WPeMatico
The regulator said it will extend its window for the decision on WisdomTree’s Bitcoin investment vehicle to May 15 and One River’s to June 2. Go to Source Powered by WPeMatico
A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB). Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase … Read more
Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) regarding how the agency collects information from crypto companies. According to the crypto community, the SEC’s “requests” for information “are overburdensome, don’t feel particularly voluntary, and are stifling innovation.” US Lawmakers Want Answers From SEC U.S. Representatives … Read more
Exodus reported nearly $96 million in revenues for the fiscal year of 2021, which is a 350% increase year-over-year. Go to Source Powered by WPeMatico
The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers. Go to Source Powered by WPeMatico
“Overburdensome” — Eight members of Congress have expressed concern that Gary Gensler’s scrutiny of crypto firms is unfairly suffocating the industry. Go to Source Powered by WPeMatico
The commissioner, whose exit will leave a second vacancy at the administration, said she will remain on the job until a successor can take office. Go to Source Powered by WPeMatico
Ripple CEO Garlington claims a “big win” in the dismissal of an SEC motion while remaining silent about the ruling on his own motion. Go to Source Powered by WPeMatico