As crypto-assets continue to gain global relevance, the need for effective regulatory frameworks becomes increasingly crucial. In a significant development, India’s Supreme Court is actively seeking solutions to address the lack of regulatory clarity in the cryptocurrency industry. The Justices have expressed concerns and urged the Union Government to take decisive action in establishing firm…

Since its highly anticipated launch, Worldcoin, the brainchild of ChatGPT founder Sam Altman, has garnered significant attention in the cryptocurrency sphere. However, concerns about the legality of its biometric data collection techniques have led European regulators to closely examine the project. Notably, the French privacy authority, CNIL, has raised questions about the gathering and storage…

In a bid to tackle concerns surrounding money laundering and terrorist financing associated with cryptocurrencies, the Presidency of Peru has introduced a new decree. This mandate requires all cryptocurrency exchanges operating within the country to comply with anti-money laundering (AML) regulations. The move signifies an important step in Peru’s governmental efforts to regulate the cryptocurrency…

The US Securities and Exchange Commission (SEC) has raised alarm bells in the accounting industry regarding audits conducted in the crypto asset space. In a statement released on July 27, SEC Chief Accountant Paul Munter expressed deep concerns about the potential for misleading information being provided to investors through non-audit work, which he argued is…

The US Senate recently passed a $886 billion Military Spending Bill which includes provisions aimed at addressing the cryptocurrency industry. The 2024 National Defense Authorization Act (NDAA) approved the defense amount for 2024 and recognized the vulnerability of the crypto sector to illegal activities and financing terrorism. The bill, introduced by Senators Kirsten Gillibrand, Cynthia…

The U.S. House Financial Services Committee recently passed the landmark bill titled the “Keep Your Coins Act of 2023,” advocating for the right to self-custody Bitcoin and other cryptocurrencies. This groundbreaking legislation aims to empower individuals and businesses by ensuring the secure storage and management of their own digital assets, without unnecessary third-party involvement. The…