The Securities and Exchange Commission (SEC) Commissioner Hester Peirce in a recent interview, emphasized the necessity of regulatory clarity, a collaborative approach to support the growth of the digital asset sector and called for comprehensive reforms to address these issues. Peirce highlighted the roadblocks the crypto industry faces, particularly in accessing essential financial services. Many…
In a significant development for the cryptocurrency industry, Tether has announced that the Financial Services Regulatory Authority (FSRA) of Abu Dhabi has approved its U.S. dollar-pegged stablecoin, USDT, as an accepted virtual asset. This approval positions Tether within the regulatory framework of the Abu Dhabi Global Market (ADGM), a renowned financial-free zone in the United…
The Securities and Exchange Commission (SEC) has announced its intention to begin enforcing regulatory actions against individuals and business entities, including cryptocurrency exchanges, that are operating outside of its regulations in the country. Dr. Emomotimi Agama, the Director-General of SEC, disclosed this in a statement on Sunday, reaffirming the commission’s dedication to safeguarding investors. This…
