This ruling calls for congressional clarity In a significant legal victory, Ripple Labs, the company behind the XRP cryptocurrency, has emerged triumphant in its case against the US Securities and Exchange Commission (SEC). The ruling, which states that the open market sales of XRP do not qualify as a security,…
Read More
Despite the volatility, the cryptocurrency industry has made significant progress The cryptocurrency industry, known for its volatility and speculation, has demonstrated remarkable progress in a relatively short period, driven by significant innovation, according to a recent report by GlobalData, a leading data and analytics company. Despite experiencing a sharp decline…
Read More
Australia’s regulators are strengthening their focus on crypto asset providers The Albanese Government is acting to ensure the regulation of crypto assets protects consumers and positions our economy to take advantage of new digital products and services. Unsustainable business models used by some companies dealing in crypto assets have left…
Read More
Objections to EU proposals to regulate crypto. Anonymity is big within the world of cryptocurrency, from the anonymous crypto wallets to the creative pseudonyms of crypto and NFT creators. It’s a big selling point for consumers who don’t want their transactions to be traced. According to Amrit Dhami, associate analyst…
Read More
Trading of cryptocurrencies is highly risky . The Monetary Authority of Singapore (MAS) today issued guidelines giving effect to MAS’ expectations that Digital Payment Token (DPT or more commonly known as cryptocurrency) service providers should not promote their DPT services to the public in Singapore. DPT service providers include payment institutions,…
Read More
Criminal cryptocurrency transactions will drop by 30 per cent by 2024. The Australian Government has unveiled most significant reforms to Australia’s payment systems in more than 25 years. The reforms will ensure that Australia can capitalise on the significant opportunities being created by new payment and crypto technologies. These reforms will build…
Read More
Will continue to adapt its rules as needed to ensure that regulation remains effective. The Monetary Authority of Singapore is keeping a close on the growth of cryptocurrency transactions of such assets among companies and retail investors in the country. Tharman Shanmugaratnam senior minister and minister in charge of MAS…
Read More
Australian used Commonwealth Scientific and Industrial Research Organisation’s servers and supercomputers. A 34-year-old man from Sydney Australia, has been sentenced for using the Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) servers and supercomputers to carry out cryptocurrency mining. The Australian Federal Police (AFP) Cybercrime Operations launched an investigation after CSIRO…
Read More