Ripple’s stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar. Ripple’s Game-Changing Stablecoin RLUSD Awaits Final Nod by Regulator Ripple is reportedly close to securing approval for its regulated stablecoin, RLUSD, from the New York Department of Financial Services (NYDFS), according to […]
Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC […]
Asset management firm Bitwise is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), offering investors direct exposure to XRP through traditional brokerage accounts. “XRP has been an enduring crypto asset that many investors want exposure to,” said the CEO of Bitwise. Bitwise Seeks SEC Approval […]
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]
A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract foreign investors and benefit Nigerian entrepreneurs. He also urged Nigeria to follow the rule of law regarding the […]