In a move to strengthen investor protection and promote fairer market practices, the Financial Services Agency (FSA) of Japan has proposed tightening regulations for crypto lending services. This […]
Coinbase Europe Pays €21.5M Fine for AML Coding Errors
Coinbase Europe Limited (CBEL) has settled a €21.5 million fine with the Central Bank of Ireland (CBI) regarding coding errors in its anti-money laundering (AML) transaction monitoring system. […]
ASIC Grants ‘No-Action’ Period For Tokenisation in Australia
Australia’s financial regulator, ASIC, has introduced a ‘no-action’ period until mid-2026 to clarify regulations on tokenization and digital assets. This approach aims to prevent market setbacks by providing […]
Circle Advocates for Level Playing Field for Stablecoin Issuers under GENIUS Act
Stablecoin issuer Circle has urged the US Treasury Department to ensure a level playing field among banks, nonbanks, and stablecoin issuers as they implement the GENIUS Act. The […]
Coinbase Europe Loses €21.5 Million for Major Transaction Monitoring Flaws
The Central Bank of Ireland has issued a hefty fine of €21.5 million to Coinbase Europe, holding the firm accountable for substantial failures in transaction monitoring. The regulator […]
UK Tightens Regulations as US Leads in Stablecoin Space
The Bank of England is preparing a stablecoin regulation framework closely aligned with the US, aiming to avoid falling behind in this rapidly evolving sector. Deputy Governor Sarah […]
Canada to Implement Stablecoin Rules in 2025 Federal Budget
Canada’s 2025 federal budget has outlined plans for regulating fiat-backed stablecoins. The move seeks to capitalize on the potential of these assets while mitigating risks associated with their […]
Coinbase’s National Trust Bank Application Draws Fire from Traditional Banks
Coinbase’s application for a national trust bank charter is facing opposition from the traditional banking sector, sparking debate about whether it’s driven by genuine consumer protection concerns or […]
Kenya Shifts Crypto Tax Policy: Platform Fees Take Center Stage
In a significant move to regulate its burgeoning crypto industry, Kenya has replaced its Digital Asset Tax with an excise duty on platform fees under the Finance and […]
EU Aims for Unified Crypto & Traditional Markets with ESMA Transformation
The European Union is moving towards a centralized regulatory approach for finance, aiming to unify the oversight of stock and cryptocurrency exchanges under the authority of the European […]
Crypto Regulation & Monetary Shifts Shape Global Finance Landscape
Global financial markets are undergoing significant change this week, as regulators worldwide implement stricter oversight of cryptocurrencies and central banks adapt their monetary policies. Crypto regulations in China […]
MiCA Regulation Raises Stablecoin Market Risks: Experts Warn
New regulations from Europe, the MiCA framework, designed to govern stablecoins, are facing scrutiny for potential systemic risks within the sector. Concerns arise over possible gaps in oversight […]
Basel Committee Updates Guidance on Cryptocurrency Exposure Amidst Stablecoin Growth
The Basel Committee on Banking Supervision (BCBS) is planning to revise its guidelines on bank cryptocurrency exposure, signaling potential shifts in the industry’s stance on digital assets. According […]
Global Regulators Delay Crypto Rules for Banks Amid Stablecoin Concerns
Regulatory bodies are delaying the implementation of crypto rules for banks, in part due to the rapid growth of stablecoins. The Basel Committee’s initial 2025 timeline is being […]
CFTC & SEC Team Up for Clearer Crypto Regulations
The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) are forging a new era of collaboration, aiming to clarify the regulatory landscape for cryptocurrency. […]