Regulation

Coinbase and Revolut, two key players in the crypto industry, recently faced vastly different regulatory outcomes in the UK. While Coinbase subsidiary CB Payments Limited (CBPL) was fined a substantial sum of £3.5 million for Anti-Money Laundering breaches, Revolut obtained a restricted banking license from the UK’s Prudential Regulation Authority (PRA). The UK’s Financial Conduct

The crypto industry has been facing numerous challenges under the current administration led by President Biden and Vice President Harris. Founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently discussed the regulatory hurdles that have been stifling innovation and growth in the sector. They openly criticized the handling of the cryptocurrency industry by

The recent bill passed by the Russian State Duma legalizing Bitcoin mining and allowing the use of cryptocurrencies for international trade comes as a response to the challenges faced by Russian banks. These challenges are a combination of regulatory constraints and international sanctions that have disrupted the country’s trade relations with key partners such as

The recent unanimous passage of the Financial Technology Protection Act by the United States House of Representatives has significant implications for the digital finance industry. The bill, introduced by Representative Zach Nunn and approved on July 22, 2024, aims to address the misuse of digital platforms for illicit activities and terrorism financing. By establishing a

The Digital Chamber recently reached out to Vice President Kamala Harris, urging her to take a progressive and forward-looking stance on digital assets and blockchain technology. The organization emphasized the transformative potential of these technologies, highlighting their ability to drive innovation, economic growth, and financial inclusion. Despite key Democratic leaders, such as Senate Majority Leader

President Joe Biden’s rumored withdrawal from the 2024 presidential race has led analysts to speculate on the potential outcomes, with 10x Research suggesting that former President Donald Trump may secure a “decisive victory” in the November election. The firm goes as far as stating that no credible candidate could seriously challenge Trump, essentially declaring the

The CEO and founder of DAIM, Brian Korshain, has expressed strong optimism regarding the potential impact of former President Donald Trump’s support for Bitcoin. He believes that Trump’s rumored plan to make Bitcoin a strategic reserve asset for the US is not only possible, but could also lead to significant developments in the world of

The Basel Committee on Banking Supervision has recently announced the release of its final disclosure framework for banks’ crypto exposures and has implemented targeted changes to its cryptoasset standards. These amendments aim to strengthen the criteria for stablecoins to receive a preferential regulatory treatment. Both sets of standards are scheduled to take effect on January

Recently, crypto exchange OKX made a strategic decision to select Malta as its Market in Crypto-Assets (MiCA) hub, aiming to cater to the 450 million residents of the European Union. This move is significant as it allows OKX to operate within the bounds of local regulations while providing seamless deposit and withdrawal options to local

Hong Kong’s financial regulators have recently closed the consultation period for a proposed licensing program targeting fiat-referenced stablecoin (FRS) providers. This initiative comes at a time when digital assets are gaining significant traction globally, prompting concerns about potential monetary and financial stability risks. The consultation process, which ended in February, saw 108 submissions from a