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Join Our Telegram channel to stay up to date on breaking news coverage The US Securities and Ex change Commission conducted a meeting last Friday to deliberate on the suggested elaboration of the meaning of an “ex change ” to encompass decentralized cryptocurrency platforms. Proposed Rule Change Expands SEC Oversight to DeFi Platforms The commission emphasized that its existing regulations on exchanges apply to decentralized finance platforms, commonly referred to as DeFi platforms, which allow users to lend, borrow, and save digital assets without the need for conventional gatekeepers like banks and exchanges. In January 2022, a proposal was introduced to broaden the definition of an exchange to encompass platforms utilizing “communication protocols” like request-for-quote systems. The proposed modification is anticipated to broaden the scope of regulation beyond conventional exchanges where multiple buyers and sellers participate in a marketplace. I...

Join Our Telegram channel to stay up to date on breaking news coverage On 27th of February 2023, the Tel Aviv Stock Ex change (TASE) proposed to the members of non-banking institutions (NBM) to expand activities to cryptocurrency trading. The proposal for this important change is now open to the public for comments and approval. TASE Geared Up For Crypto Trading The proposal to allow crypto trading has been made keeping in mind the issues the cryptocurrency market has faced over the past year. The collapse of the giants like FTX to cryptocurrency hackers has left the crypto market high and dry. In light of these turmoils, there has been a global awakening of the need for the right regulation in this sector. The growth of the crypto sector has been phenomenal over the last few years. This remarkable development means the market is expanding far and wide and there has been increasing involvement from the customers. This results in growing demands and high-volume transactions....