The US Securities and Exchange Commission (SEC) has pointed out the importance of retail investors having access to up-to-date fund portfolio data. The current regulatory framework requires registered investment companies to provide periodic portfolio holdings data to the Commission and investors, but this data is often delayed. This delay impacts millions of US households, leaving
Regulation
The Financial Times reported that crypto firms are increasingly turning away from the UK due to burdensome and time-consuming regulatory processes. According to law firm Reed Smith, registrations for crypto exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) have dropped by more than 50% in the past three years. This decline signals
The Nigerian Securities and Exchange Commission (SEC) has recently approved two local crypto exchanges, namely Busha Digital Limited and Quidax, to operate under the Accelerated Regulatory Incubation Program (ARIP). This initiative is part of the SEC’s efforts to encourage innovation and protect investors in the digital asset space. The Approval-in-Principle granted to Busha Digital Limited
OpenSea CEO Devin Finzer recently revealed that the company has received a Wells Notice from the SEC, raising concerns about the classification of NFTs as securities. This move has sparked outrage within the NFT community, with Finzer expressing surprise at the regulator’s actions against creators and artists. The decision by the SEC to target NFTs
France has long been considered a hub for crypto businesses, with major players such as Binance and Crypto.com establishing their European headquarters in Paris. The country has enjoyed favorable tax rates, a talented workforce, and a strong culture of innovation in the Web3 space. Additionally, France was quick to implement clear regulations for the crypto
The US Securities and Exchange Commission (SEC) recently filed settled charges against Abra, a crypto lending firm, for failing to register its crypto asset lending product, Abra Earn. The SEC also filed settled charges against Plutus Lending LLC, Abra’s owner, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s Division
The joint statement released by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlights the challenges posed by the European Union’s fragmented regulatory structure on artificial intelligence (AI) innovation. They pointed out that the current regulatory framework in the EU is hindering the growth and development of AI technologies by creating inconsistent and overlapping
