Coinbase CEO Criticizes US for Lack of Crypto Regulation
The CEO of Coinbase has published an article in which he has again criticized the US leadership, which is delaying the legalization of the cryptocurrency market.
Gemini Plans to Get Licensed in UAE
Gemini, the crypto exchange owned by the Winklevoss twins, has started the application process for obtaining a service license in the United Arab Emirates (UAE).
UAE to Implement AML Rules to Digital Assets
By the end of June, the Central Bank of the United Arab Emirates (CBUAE) will enact rules requiring licensed financial institutions to verify the identities of customers.
Bali Authorities Initiate Campaign Against Cryptos in Tourism Sector
The provincial government of Bali, Indonesia, has announced that they will no longer allow digital assets to be used for payments in hotels, restaurants, shopping centers, and other establishments.
US Crypto Exchange Coinbase Files a New Complaint Against the SEC
In a new petition, representatives from Coinbase state that the SEC has already decided to reject its request and that they do not have the right to sue the regulator.
SEC Believes Filecoin Could Be a Security
The SEC staff suggests that the trust’s underlying asset, Filecoin (FIL) cryptocurrency, conforms to the definition of an investment contract under federal law.
SEC Says Coinbase’s Lawsuit Against Regulator is Baseless
The SEC says the commission is not obligated to issue such regulations and Coinbase does not have the standing to sue the agency.
