Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
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.
You May Ask
Which major crypto exchange did the SEC sue for operating as an unregistered exchange?What is Kraken's response to the SEC's allegations?What is the goal of the guidance released by IOSCO?Why is Turkey developing new cryptocurrency regulations?What risks is Turkey aiming to curb with its proposed framework?Please note that the input provided is truncated, and the analysis may not capture the complete context of the article.