Regulation

In a significant development for the cryptocurrency sector, TrustToken and TrueCoin, the organizations behind the TrueUSD (TUSD) stablecoin, have reached a settlement with the U.S. Securities and Exchange Commission (SEC) regarding serious allegations of unregistered and misleading sales of investment contracts. The agreed payment totals $700,000, inclusive of penalties and disgorgement, though both firms have
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Ripple has recently achieved a notable milestone by securing in-principle approval from the Dubai Financial Services Authority (DFSA). This momentous approval positions Ripple as the first blockchain-based payment service provider to receive a license from the DFSA, signaling its commitment to drive innovation within the financial services sector of the United Arab Emirates (UAE). Announced
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The legal confrontation between the Securities and Exchange Commission (SEC) and Ripple Labs has taken another dramatic turn, following the SEC’s decision to appeal a pivotal federal court ruling. This move, announced on October 2nd, 2024, centers around the regulatory body’s lawsuit against Ripple, which dates back to December 2020. The ongoing case has major
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In a groundbreaking move, the UK’s Financial Conduct Authority (FCA) and the Bank of England have unveiled the next phase of the Digital Securities Sandbox (DSS). This initiative allows firms to examine the integration of distributed ledger technology (DLT) and tokenized securities within the established framework of traditional financial markets. Set to operate until December
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Dubai’s Virtual Assets Regulatory Authority (VARA) has introduced significant updates to its marketing guidelines as of October 1, marking a crucial development in providing enhanced investor protection in the United Arab Emirates (UAE). These regulations reflect a growing recognition of the necessity for clearer communication regarding the risks associated with digital currencies, especially in an
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