Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations

Crypto News
Crypto News

21 Nov 2023 5:26 PM

SEC sues Kraken exchange, IOSCO issues crypto oversight guidelines, and more key developments in global crypto regulation last week....

  • The SEC has sued cryptocurrency exchange Kraken for allegedly operating as an unregistered exchange and violating securities laws.
  • Kraken denies the allegations and argues that crypto assets are not classified as securities.
  • The SEC's actions reflect its increasing crackdown on the crypto industry, targeting major players like Binance and Coinbase.
  • The International Organization of Securities Commissions (IOSCO) has released guidance to harmonize crypto regulation globally, emphasizing the need for consistent standards for crypto asset service providers.
  • Turkey is developing new cryptocurrency regulations to strengthen oversight and avoid potential blacklisting by the FATF.
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