Regulations

The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement.The settlement includes a $26.5 million…

India’s tax authorities have uncovered nearly 630 crore rupees (approximately $72 million) in undisclosed income from crypto-related transactions, according to an Aug. 5 disclosure by Pankaj Chaudhary, the Minister of State for Finance.The…

President Donald Trump will sign an executive order today directing federal regulators to ease legal pathways for 401(k) plans to include private equity, real estate, crypto, and other alternative assets.As Bloomberg reported, the…

SBI Holdings has submitted applications to Japan’s Financial Services Agency for the approval of two exchange-traded funds tracking Bitcoin and XRP.The filings represent the first dual-asset spot crypto ETF proposal in the country and…

Laser Digital, a digital asset subsidiary of Japanese banking giant Nomura, has secured the first limited license to offer over-the-counter crypto derivatives under the Virtual Asset Regulatory Authority’s (VARA) Pilot Regime, the company…

Ripple Labs has urged the US Senate to revise its proposed crypto legislation, warning that the current draft introduces more confusion than clarity.The blockchain firm submitted its response on Aug. 5, addressing concerns about regulatory…

China’s Ministry of State Security (MSS) has warned that a foreign crypto company is collecting iris scan data under the guise of token distribution, raising serious concerns about personal and national security.In an Aug. 5 statement, the…

US Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has criticized recent staff guidance on liquid staking, warning that it fails to reflect the practice’s complexities.On Aug. 5, the SEC’s Division of Corporation…

Fresh US Securities and Exchange Commission (SEC) staff guidance on liquid staking is stoking expectations that US regulators will soon allow staking within spot crypto exchange-traded funds (ETFs).Co-founder of The ETF Institute Nate…

The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued new staff guidance stating that liquid staking does not automatically constitute a securities offering.According to an Aug. 5 statement, neither the…