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Stablecoin Compliance
The GENIUS Act incorporates stablecoins into the U.S. financial regulatory framework, establishing a dual licensing mechanism at the national/state level, enforcing reserve audits, and establishing consumer protection standards.
Companies like Circle and PayPal will benefit, as stablecoins enter the "integrated financial infrastructure" phase, with compliance becoming the core logic of medium to long-term valuation.
#稳定币 #监管
The GENIUS Act incorporates stablecoins into the U.S. financial regulatory framework, establishing a dual licensing mechanism at the national/state level, enforcing reserve audits, and establishing consumer protection standards.
Companies like Circle and PayPal will benefit, as stablecoins enter the "integrated financial infrastructure" phase, with compliance becoming the core logic of medium to long-term valuation.
#稳定币 #监管
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Hot Topics丨Overview of Four Key Regulatory Changes in Hong Kong, Aiming to Become a New Hub for Global Asset Management Across Borders / Sun Yuchen's Tron Shell Listing
#香港 #孙宇晨 #监管 #企业BTC #全球资管
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Hong Kong Regulatory Upgrade丨Overview of Four Key Reforms
The Hong Kong Securities and Futures Commission will include over-the-counter trading and custody in the regulatory framework, expand the asset range of spot ETFs, and allow staking services while accelerating the pilot of securities tokenization, launching a regulatory sandbox to balance innovation and risk.
Vietnam丨The World's First Digital Technology Law
The Vietnamese National Assembly passed the Digital Technology Industry Law, regulating the classification of digital assets and implementing a dual-track compliance framework, providing tax incentives to promote the semiconductor and AI industries, responding to FATF anti-money laundering requirements.
Cold Wallet Scam丨$6.9 Million Disappeared Overnight
Catalog
Hong Kong Regulatory Upgrade丨Overview of Four Key Reforms
The Hong Kong Securities and Futures Commission will include over-the-counter trading and custody in the regulatory framework, expand the asset range of spot ETFs, and allow staking services while accelerating the pilot of securities tokenization, launching a regulatory sandbox to balance innovation and risk.
Vietnam丨The World's First Digital Technology Law
The Vietnamese National Assembly passed the Digital Technology Industry Law, regulating the classification of digital assets and implementing a dual-track compliance framework, providing tax incentives to promote the semiconductor and AI industries, responding to FATF anti-money laundering requirements.
Cold Wallet Scam丨$6.9 Million Disappeared Overnight
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‘Capital Involvement + Political Turmoil: The Five Major Hot Topics in the Crypto Circle Last Week’
① Gemini Files IPO Application
Gemini suddenly filed for an IPO with the SEC, marking the formal 'entry' of the crypto market, not only following the Circle (CRCL) trend but also providing more 'open and transparent' pathways for the crypto industry (reuters).
② Circle's Two-Day Surge is Remarkable
Stablecoin issuer Circle (CRCL) surged another 44.7% on the second day of its NYSE listing, with its market cap nearing $25 billion, positively impacting the stocks of peers (such as Robinhood, Coinbase, etc.) (marketwatch).
③ The War of Words: Trump vs Musk
Gemini suddenly filed for an IPO with the SEC, marking the formal 'entry' of the crypto market, not only following the Circle (CRCL) trend but also providing more 'open and transparent' pathways for the crypto industry (reuters).
② Circle's Two-Day Surge is Remarkable
Stablecoin issuer Circle (CRCL) surged another 44.7% on the second day of its NYSE listing, with its market cap nearing $25 billion, positively impacting the stocks of peers (such as Robinhood, Coinbase, etc.) (marketwatch).
③ The War of Words: Trump vs Musk
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The Federal Reserve strikes hard at crypto-friendly banks. Is this a regulatory storm or a new opportunity for the industry?
Dear cryptocurrency friends, you must have heard the recent big news, right? The Federal Reserve issued a cease and desist order to United Texas Bank, which is a real blow! This is not just a warning to a bank, but more like a deterrent to the entire crypto-financial ecosystem. Let's take a deep look at this big news.
For in-depth news analysis, real-time coin price analysis and predictions, please visit: mlion.ai
Event Review
The Federal Reserve issued a cease and desist order against United Texas Bank for significant deficiencies in risk management, particularly with respect to cryptocurrency clients and foreign counterpart banking. The bank, known for its close ties to the cryptocurrency industry, was cited for issues with governance and oversight.
For in-depth news analysis, real-time coin price analysis and predictions, please visit: mlion.ai
Event Review
The Federal Reserve issued a cease and desist order against United Texas Bank for significant deficiencies in risk management, particularly with respect to cryptocurrency clients and foreign counterpart banking. The bank, known for its close ties to the cryptocurrency industry, was cited for issues with governance and oversight.
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Will strict regulation make stablecoins a new payment method in the UK?
This article briefly:
·The UK FCA and Bank of England released a regulatory feedback document on stablecoins aimed at ensuring the security of future payment systems.
The FCA emphasized that stablecoin issuers should act in the best interests of customers, and the Bank of England is considering regulating the payment system.
The Bank of England warned banks to clearly mark stablecoin deposits and ensure measures are in place to combat money laundering, liquidity and terrorism financing.
The UK’s Financial Conduct Authority (FCA) and the Bank of England (Bank) have opened feedback on two papers discussing the regulation of stablecoins. These papers consider how these assets can be used securely and system-wide for future payment systems.
·The UK FCA and Bank of England released a regulatory feedback document on stablecoins aimed at ensuring the security of future payment systems.
The FCA emphasized that stablecoin issuers should act in the best interests of customers, and the Bank of England is considering regulating the payment system.
The Bank of England warned banks to clearly mark stablecoin deposits and ensure measures are in place to combat money laundering, liquidity and terrorism financing.
The UK’s Financial Conduct Authority (FCA) and the Bank of England (Bank) have opened feedback on two papers discussing the regulation of stablecoins. These papers consider how these assets can be used securely and system-wide for future payment systems.
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Ahead of Hong Kong? A world first! European Parliament votes overwhelmingly to pass cryptocurrency regulations
On Thursday (April 20) local time, the European Parliament passed the first EU-wide cryptocurrency regulation MiCA with a vote of 517 in favor and 38 against. This is also the world's first comprehensive regulation of the crypto asset market. Stefan Berger, a member of the European Parliament, said: "This regulation brings a competitive advantage to the European Union. The regulatory transparency of the European crypto-asset industry does not exist in countries such as the United States." Berger pushed MiCA to be passed in the European Parliament.
Marid McGuinness, the European Commission's financial affairs commissioner, said on Wednesday that she expected MiCA to come into force in July next year after approval, and that specific requirements will gradually come into effect. For example, rules governing stablecoins will be implemented from July 2024. Begin to apply. McGuinness emphasized: “I hope our rules can become a model for other countries.” MiCA identifies and covers three types of crypto assets, namely asset-referenced tokens, electronic currency tokens money tokens) and utility tokens.
Marid McGuinness, the European Commission's financial affairs commissioner, said on Wednesday that she expected MiCA to come into force in July next year after approval, and that specific requirements will gradually come into effect. For example, rules governing stablecoins will be implemented from July 2024. Begin to apply. McGuinness emphasized: “I hope our rules can become a model for other countries.” MiCA identifies and covers three types of crypto assets, namely asset-referenced tokens, electronic currency tokens money tokens) and utility tokens.
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Three-quarters of countries fail to meet the standards for anti-money laundering of virtual assets? FATF issues a warning!
🌐 The latest revelation from the Financial Action Task Force (FATF) on anti-money laundering: 97 of the world's 130 jurisdictions fail to meet the standards for anti-money laundering of virtual assets! Is this a bit exaggerated? 🤯
🔍 Data shows that 60% of regions allow virtual asset service providers (VASPs) to operate, but 14% explicitly prohibit them. The most frightening thing is that FATF pointed out that stablecoins and those super-privacy cryptocurrencies have become the new favorites of terrorist organizations and "rogue states." You know, this is not a joke! 😱
📉 It seems that we still have a long way to go on the road of anti-money laundering of virtual assets. Countries really need to work harder and don't let these bad guys take advantage of the loopholes!
💬 What do you think? Will this have a big impact on the cryptocurrency market? #FATF #反洗钱立法 #虚拟资产 #监管 #安全出金小常识 $BTC $ETH $BNB
🌐 The latest revelation from the Financial Action Task Force (FATF) on anti-money laundering: 97 of the world's 130 jurisdictions fail to meet the standards for anti-money laundering of virtual assets! Is this a bit exaggerated? 🤯
🔍 Data shows that 60% of regions allow virtual asset service providers (VASPs) to operate, but 14% explicitly prohibit them. The most frightening thing is that FATF pointed out that stablecoins and those super-privacy cryptocurrencies have become the new favorites of terrorist organizations and "rogue states." You know, this is not a joke! 😱
📉 It seems that we still have a long way to go on the road of anti-money laundering of virtual assets. Countries really need to work harder and don't let these bad guys take advantage of the loopholes!
💬 What do you think? Will this have a big impact on the cryptocurrency market? #FATF #反洗钱立法 #虚拟资产 #监管 #安全出金小常识 $BTC $ETH $BNB
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CFTC formally launches investigation into Jump Crypto’s trading and investment activities
The United States Commodity Futures Trading Commission (CFTC) has launched an investigation into Jump Crypto’s trading and investment activities, Forbes reported on June 20.
The investigation is for undisclosed reasons, and the review itself does not mean that Jump Crypto has engaged in any wrongdoing.
CFTC Investigations
Sources revealed that the CFTC's investigation into Jump Crypto is part of a broader review of cryptocurrency businesses by federal agencies. Although neither the CFTC nor Jump Crypto has commented or made public statements on the investigation, the action reflects the regulator's increased attention to the cryptocurrency industry and its enforcement efforts.
The investigation is for undisclosed reasons, and the review itself does not mean that Jump Crypto has engaged in any wrongdoing.
CFTC Investigations
Sources revealed that the CFTC's investigation into Jump Crypto is part of a broader review of cryptocurrency businesses by federal agencies. Although neither the CFTC nor Jump Crypto has commented or made public statements on the investigation, the action reflects the regulator's increased attention to the cryptocurrency industry and its enforcement efforts.
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Today I saw a set of data on global government assets holding Bitcoin on the Internet, saying that the total holdings are about 471,380 BTC (accounting for 2.6% of the circulation), and the total market value is close to 40 billion US dollars.
I sorted out and posted a few of the top rankings. The data may not be accurate, but the interesting thing is the source. Except for El Salvador, which actively purchased, some were confiscated, some were stolen, and some were donated. To sum up, more than 90% of the Bitcoin held by global governments comes from "black eating black" - confiscating the stolen money of drug dealers, hackers, and fraudsters.
The United States has hoarded more than 200,000 Bitcoins by confiscating the Silk Road and Bitfinex hacking cases, which can be called the world's largest warehouse of stolen goods on the chain.
China harvested 190,000 Bitcoins from the Plus Token scam.
The UK picked up 61,000 Bitcoins from the money laundering case.
The North Korean government is even more outrageous, directly using hackers.
Last year, Germany sold 50,000 Bitcoins, which caused a market crash. The government shouted to crack down on illegal activities while accepting the stolen money to enrich the treasury, perfectly demonstrating that it is all about ideology and all about business.
Behind every Bitcoin that has been confiscated, it seems that it is the illegal income of criminal gangs, but in fact it is the hard work of countless small investors.
To this day, the cryptocurrency market still does not have a set of mature interconnected regulations. The trend of decentralization has been formed. It is hoped that the supporting regulatory laws and regulations can keep up, so as not to let those believers who firmly believe in the value and significance of decentralization sweat and bleed.
#加密货币 #监管 #比特币
I sorted out and posted a few of the top rankings. The data may not be accurate, but the interesting thing is the source. Except for El Salvador, which actively purchased, some were confiscated, some were stolen, and some were donated. To sum up, more than 90% of the Bitcoin held by global governments comes from "black eating black" - confiscating the stolen money of drug dealers, hackers, and fraudsters.
The United States has hoarded more than 200,000 Bitcoins by confiscating the Silk Road and Bitfinex hacking cases, which can be called the world's largest warehouse of stolen goods on the chain.
China harvested 190,000 Bitcoins from the Plus Token scam.
The UK picked up 61,000 Bitcoins from the money laundering case.
The North Korean government is even more outrageous, directly using hackers.
Last year, Germany sold 50,000 Bitcoins, which caused a market crash. The government shouted to crack down on illegal activities while accepting the stolen money to enrich the treasury, perfectly demonstrating that it is all about ideology and all about business.
Behind every Bitcoin that has been confiscated, it seems that it is the illegal income of criminal gangs, but in fact it is the hard work of countless small investors.
To this day, the cryptocurrency market still does not have a set of mature interconnected regulations. The trend of decentralization has been formed. It is hoped that the supporting regulatory laws and regulations can keep up, so as not to let those believers who firmly believe in the value and significance of decentralization sweat and bleed.
#加密货币 #监管 #比特币
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Can the Bitcoin bull run continue? These 4 points will determine your investment fate!
Have you ever thought that Bitcoin has risen by nearly 60% this year? Do you feel like you have missed this wave of growth and are itching to get in? Don't worry, the key to whether the bull market can continue depends on these 4 points!
First of all, you have to know that Bitcoin has ushered in two major positive factors this year: one is that the Securities and Exchange Commission (SEC) approved the spot Bitcoin exchange-traded fund (ETF), allowing ordinary investors to easily get on board; the other is the Bitcoin "halving" event, which reduced the supply of new coins and the market applauded.
However, don’t be too happy too soon, as the bull market is not all smooth sailing. The Fed’s policies, regulatory uncertainty, the presidential election, and the subsequent momentum of spot ETFs will determine the future trend of Bitcoin.
First of all, you have to know that Bitcoin has ushered in two major positive factors this year: one is that the Securities and Exchange Commission (SEC) approved the spot Bitcoin exchange-traded fund (ETF), allowing ordinary investors to easily get on board; the other is the Bitcoin "halving" event, which reduced the supply of new coins and the market applauded.
However, don’t be too happy too soon, as the bull market is not all smooth sailing. The Fed’s policies, regulatory uncertainty, the presidential election, and the subsequent momentum of spot ETFs will determine the future trend of Bitcoin.
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With the new U.S. government taking office, favorable news about Trump's related cryptocurrency policies has emerged, and regulations may become further relaxed, leading to a rapid recovery of market confidence. Binance's trading volume has significantly increased recently, with several tokens rebounding due to positive policy developments. Among this wave of market enthusiasm, the Conan token stands out. Represented by Trump's hero dog, Conan leverages the advantages of the Solana chain (contract tail number xBQt) and the support of the Marvin community, demonstrating strong market competitiveness. Industry insiders believe that Conan not only aligns with current market trends but also possesses high investment potential, making it an opportunity that investors interested in innovative cryptocurrency projects should not miss.
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#Conan #Trump #监管 #市场情绪 #BTC
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#Conan #Trump #监管 #市场情绪 #BTC
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$157 million evaporated! Indodax hacked, is your currency safe?
Dear cryptocurrency friends, another big hacker attack! This time it was Indodax, the largest cryptocurrency exchange in Indonesia, that lost $157 million! This reminds me of the nightmare of Mt. Gox's collapse in 2014 and the Bitfinex theft in 2016. History always repeats itself, but have we really learned our lesson?
For quick analysis, please visit: mlion.ai
Let’s analyze this incident in depth:
1. Severity of the security breach
This attack exposed the fatal weakness of centralized exchanges. Think about it, if even the largest exchange in Indonesia can be hacked, can other exchanges be spared? It's like a bank vault being pried open, who would dare to deposit money in it?
For quick analysis, please visit: mlion.ai
Let’s analyze this incident in depth:
1. Severity of the security breach
This attack exposed the fatal weakness of centralized exchanges. Think about it, if even the largest exchange in Indonesia can be hacked, can other exchanges be spared? It's like a bank vault being pried open, who would dare to deposit money in it?
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Uniswap Labs pushes back against SEC’s misguided move on DeFi regulation
In a blog post on May 20, Uniswap Labs responded strongly to the SEC's Wells Notice, expressing confidence that it will win in a possible lawsuit. The company believes that the SEC's regulatory attempts on DeFi are not only misguided, but also legally untenable. Uniswap Labs firmly believes that its work is in line with historical justice and believes that the SEC should not use public funds to fight them.
In the article, Uniswap Labs criticized the SEC's attempt to expand its jurisdiction over communication technology and digital markets, arguing that its legal arguments were weak and repeatedly refuted in court. The company emphasized that the SEC should support open source technology that improves outdated business and financial systems instead of trying to stifle it through litigation.
In the article, Uniswap Labs criticized the SEC's attempt to expand its jurisdiction over communication technology and digital markets, arguing that its legal arguments were weak and repeatedly refuted in court. The company emphasized that the SEC should support open source technology that improves outdated business and financial systems instead of trying to stifle it through litigation.
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Tether’s USDT’s key role in the global financial system and its compliance prospects
Paolo Ardoino, CEO of Tether, recently highlighted the key role of its stablecoin USDT in increasing demand for the U.S. dollar in emerging markets. He pointed out that USDT not only fuels demand for U.S. public debt, but also provides financial services to more than 300 million users worldwide.
Ardoino’s comments were reportedly in response to an article that stated that dollar-backed stablecoins fueled demand for U.S. public debt.
More than 300 million people use USDT
Paolo Ardoino, CEO of Tether, revealed that more than 300 million people around the world use USDT as a digital dollar to provide basic financial services to communities in developing countries. This stablecoin bypasses the traditional financial system by improving the efficiency of fund transfer and storage, providing convenience for underserved populations that are usually excluded from banking services.
Ardoino’s comments were reportedly in response to an article that stated that dollar-backed stablecoins fueled demand for U.S. public debt.
More than 300 million people use USDT
Paolo Ardoino, CEO of Tether, revealed that more than 300 million people around the world use USDT as a digital dollar to provide basic financial services to communities in developing countries. This stablecoin bypasses the traditional financial system by improving the efficiency of fund transfer and storage, providing convenience for underserved populations that are usually excluded from banking services.
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New Trends in EU Cryptocurrency Regulation: ESMA Draft Classifies MEV as Market Abuse
The European Securities and Markets Authority (ESMA) has explicitly identified the Maximum Extractable Value (MEV) as a clear example of illegal market abuse in its proposed technical standards for the Markets in Crypto-Assets (MiCA) Regulation.
Patrick Hansen, a prominent commentator on crypto regulation, recently highlighted this development on X, noting the significant implications it will have for the crypto industry.
MEV Regulation
According to Patrick Hansen, a crypto regulation commentator, on social media, the European Securities and Markets Authority (ESMA) draft explicitly mentions the maximum extractable value (MEV) issue. The draft states that miners or validators use their authority to arbitrarily reorder transactions, preemptively execute certain transactions and profit from them, and this behavior clearly constitutes a market abuse.
Patrick Hansen, a prominent commentator on crypto regulation, recently highlighted this development on X, noting the significant implications it will have for the crypto industry.
MEV Regulation
According to Patrick Hansen, a crypto regulation commentator, on social media, the European Securities and Markets Authority (ESMA) draft explicitly mentions the maximum extractable value (MEV) issue. The draft states that miners or validators use their authority to arbitrarily reorder transactions, preemptively execute certain transactions and profit from them, and this behavior clearly constitutes a market abuse.
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Crypto Regulation: CFTC Chairman Views Many Tokens as Commodities
CFTC Chairman Rostin Behnam has sparked a new debate over cryptocurrency regulation, saying many tokens are commodities.
In a recent CNBC Squawk Box interview, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam made an important statement regarding cryptocurrency regulation as it relates to the classification of tokens within the space. Contrary to the position of SEC Chairman Gary Gensler, Behnam claimed that “many tokens constitute commodities under current law.”
Different perspectives on cryptocurrency regulation
The disagreement between Behnam and Gensler on cryptocurrency regulation is noteworthy. Gensler has long advocated for cryptocurrency intermediaries to be treated as securities exchanges and insist on registration with the SEC.
In a recent CNBC Squawk Box interview, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam made an important statement regarding cryptocurrency regulation as it relates to the classification of tokens within the space. Contrary to the position of SEC Chairman Gary Gensler, Behnam claimed that “many tokens constitute commodities under current law.”
Different perspectives on cryptocurrency regulation
The disagreement between Behnam and Gensler on cryptocurrency regulation is noteworthy. Gensler has long advocated for cryptocurrency intermediaries to be treated as securities exchanges and insist on registration with the SEC.
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Transatlantic collaboration: SEC Commissioner Hester Peirce proposes US-UK digital securities sandbox
On May 29, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce proposed the establishment of a shared digital securities sandbox between the United States and the United Kingdom.
The proposal aims to expand the Digital Securities Sandbox (DSS) jointly established by the Bank of England and the Financial Conduct Authority (FCA) to U.S. companies. The sandbox project was originally scheduled to start accepting applications from the UK this summer.
Digital Securities Sandbox Application Scenarios
Participants will be able to conduct sandbox activities under the same regulatory conditions in both countries, while the United States and the United Kingdom will reach an information-sharing agreement.
The proposal aims to expand the Digital Securities Sandbox (DSS) jointly established by the Bank of England and the Financial Conduct Authority (FCA) to U.S. companies. The sandbox project was originally scheduled to start accepting applications from the UK this summer.
Digital Securities Sandbox Application Scenarios
Participants will be able to conduct sandbox activities under the same regulatory conditions in both countries, while the United States and the United Kingdom will reach an information-sharing agreement.
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New York Department of Financial Services Establishes New Guidelines for Crypto Firms to Improve Customer Service Standards
The new rules, which will take effect on November 1, reflect the New York Department of Financial Services’ expectations that crypto companies handle customer service requests and complaints promptly and fairly.
The New York State Department of Financial Services (NYDFS) released new guidelines on May 30 aimed at improving customer service standards for virtual currency entities (VCEs). The regulations will reportedly take effect on November 1.
Clear guidelines
NYDFS emphasized that the purpose of this new set of detailed guidelines is to ensure that virtual currency entities (VCEs) can establish a strong customer service system that will be able to promptly and effectively resolve customer issues. In addition, VCEs need to continuously update their customer service policies and ensure that these policies comply with all relevant laws and regulations.
The New York State Department of Financial Services (NYDFS) released new guidelines on May 30 aimed at improving customer service standards for virtual currency entities (VCEs). The regulations will reportedly take effect on November 1.
Clear guidelines
NYDFS emphasized that the purpose of this new set of detailed guidelines is to ensure that virtual currency entities (VCEs) can establish a strong customer service system that will be able to promptly and effectively resolve customer issues. In addition, VCEs need to continuously update their customer service policies and ensure that these policies comply with all relevant laws and regulations.
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How are the well-known Web3 projects settled in Hong Kong doing in compliance? | Mankun Law
Written by: Mankiw LLP
As a financial center in Asia, Hong Kong's virtual currency market has always been at the forefront of global regulation. For example, the new Virtual Asset Trading Platform (VATP) licensing system implemented on June 1, 2023, the recently released consultation document on the regulation of stablecoin issuance, and the sandbox application list all mark important steps taken by Hong Kong in virtual currency regulation.
These measures aim to enhance the overall integrity and stability of the market by improving investor protection and market transparency, while also providing clear regulatory guidance for crypto projects operating in Hong Kong, attracting the attention of global investors and crypto companies.
As a financial center in Asia, Hong Kong's virtual currency market has always been at the forefront of global regulation. For example, the new Virtual Asset Trading Platform (VATP) licensing system implemented on June 1, 2023, the recently released consultation document on the regulation of stablecoin issuance, and the sandbox application list all mark important steps taken by Hong Kong in virtual currency regulation.
These measures aim to enhance the overall integrity and stability of the market by improving investor protection and market transparency, while also providing clear regulatory guidance for crypto projects operating in Hong Kong, attracting the attention of global investors and crypto companies.
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Weekly News Recap: SEC Files Lawsuit Against Consensys, MiCA Regulation Implementation, and VanEck Launches First Solana ETF
In this quick look at last week’s cryptocurrency industry events, we’ll take you through a series of regulatory moves, market dynamics, and political headlines.
From the SEC's lawsuit against Consensys to the launch of MiCA regulations, to the shift in the flow of funds for Bitcoin ETFs, and the latest developments in the US political circle, the industry stories last week were rich and complex. Now, let's delve into the details behind these events and their possible impact on the future of the industry.
SEC files lawsuit against Consensys, MiCA regulation officially launched
Last week, the global cryptocurrency regulatory landscape was in turmoil. The Nigerian Securities and Exchange Commission took the lead by announcing a revision of the comprehensive rules for virtual asset service providers (VASPs) and gave VASPs a 30-day deadline to update their license applications to comply with the new regulatory requirements.
From the SEC's lawsuit against Consensys to the launch of MiCA regulations, to the shift in the flow of funds for Bitcoin ETFs, and the latest developments in the US political circle, the industry stories last week were rich and complex. Now, let's delve into the details behind these events and their possible impact on the future of the industry.
SEC files lawsuit against Consensys, MiCA regulation officially launched
Last week, the global cryptocurrency regulatory landscape was in turmoil. The Nigerian Securities and Exchange Commission took the lead by announcing a revision of the comprehensive rules for virtual asset service providers (VASPs) and gave VASPs a 30-day deadline to update their license applications to comply with the new regulatory requirements.
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