India Web 3 industry expected to reach $1B by 2032: report
India's metaverse industry is expected to record double-digit growth rates with a 39.2% spike to achieve a valuation of $33.9 billion, according to the report.
Latest regulation News
SEC’s new cybersecurity rules might spill over to digital assets
The securities regulator proposed new regulations for cybersecurity among financial firms that could spill over to digital assets, requiring greater disclosures after breaches.
EU approves data law requiring kill switch for smart contracts
Having been approved by the European Parliament, the data law will now be sent to the EU Council and European Commission for negotiations, with the first round of negotiations scheduled for March 28.
BTC is not Bitcoin: Why that matters to the SEC
When Gary Gensler says that Bitcoin is not a security or refers to its unique history, what he is referring to is the legal character of Bitcoin as it existed in 2009 and continues to exist in 2023 as BSV.
ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’
In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it combines digital payments with cash.
Thailand SEC calls for public consultation on digital currency staking and lending
The public consultation is expected to run for a month and end on April 7, 2023, and the public can submit their suggestions to the commission via its website or official email address.
China’s new powerful financial regulator could deal a big blow to digital assets
The Chinese government wants to consolidate three top insurance and financial regulators into one powerful entity that would also take some of the People’s Bank of China’s powers.
ParagonCoin registration in US revoked over securities laws violation
ParagonCoin violated section 13 (a) of the Securities Exchange Act of 193 and Exchange Act Rules 13a-1, according to the securities regulator.
UK digital asset industry needs tough regulations to ‘detoxify,’ FCA says
In a recent hearing before lawmakers, Financial Conduct Authority CEO and Chair Ashley Alder said that regulations are critical, but noted that they can’t protect investors from losses.
The importance of firm foundations in Web3
Laws are the building blocks of economies, but law enforcement is what ensures these orders are kept, and thus, stringent directives are not all that bad and, most often, beneficial to society.
HEXicans beware—Richard Heart scrambles to delete tweets as SEC closes in
The projects, which Richard Heart promised would revolutionize the industry, were crowdfunded by more than $1 billion in funds in an ICO, but Heart has yet to deliver on his promises.
China’s parliament member calls for NFT regulations at ‘Two Sessions’
Feng Qiya, a member of parliament, says that the deliberations will cut through technological and regulatory aspects to unify China’s burgeoning NFT industry.