SEC expands Binance lawsuit: AXS, FIL, ATOM now securities
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.
Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
A legal professional warns that the bill could lead to private censorship, posing risks to free speech and creators' rights.
Kraken firmly disputes SEC allegations, citing the lack of clarity in federal securities law and overreach in its regulatory scope.
Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC.
It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.
According to BlockBeats, the number of initial jobless claims in the United States for the week ending September 7 reached 230,000. This figure aligns with the expected number of 230,000 claims. The previous week's number was revised from 227,000 to 228,000.
According to Odaily, the European Central Bank (ECB) has reduced its deposit facility rate for the second time within its current cycle, lowering it from 3.75% to 3.50%. This adjustment brings the rate to its lowest level since June 2023 and aligns with market expectations.As of September 12, the ECB's main refinancing rate stands at 3.65%, consistent with forecasts and down from the previous rate of 4.25%. The deposit facility rate, also as of September 12, is now 3.50%, matching market predictions and down from the prior rate of 3.75%.
According to CoinDesk, Russia's largest banks are required to support a digital version of the ruble for customers starting July next year. This initiative by the Bank of Russia aims to facilitate the use of the digital ruble for both retail and commercial purposes. The central bank has mandated that these banks enable their customers to open and top up digital ruble accounts, make transfers, and accept digital rubles within their infrastructure. Following this initial phase, the widespread use of the digital national currency is planned, ensuring it is accessible to citizens and businesses alike, allowing them to use it on an equal basis with cash and non-cash funds.The digital ruble is a central bank-issued digital currency (CBDC). Globally, banks have been exploring the use of CBDCs for various purposes, including retail, institutional, and wholesale applications. Some countries, such as the Bahamas and Nigeria, have already introduced their own CBDCs. In Russia, the central bank has been testing its CBDC with 12 banks. Earlier this month, the trials expanded significantly, involving 9,000 participants, up from the initial 600.