The GENIUS Act has gained significant momentum in the US Senate, securing a 66-32 vote to advance its regulatory framework for stablecoins. Key players like Senators Kirsten Gillibrand […]
China Outlaws Individual Cryptocurrency Holdings: Impact on Market and Digital Yuan
China has implemented a new nationwide ban prohibiting the personal ownership of cryptocurrencies, including Bitcoin, in a move seen as intensifying its crackdown on digital assets. This policy […]
Russia Enacts New Cryptocurrency Regulations, Targeting BTC & Altcoin Assets
Facing international sanctions following its invasion of Ukraine, Russia is introducing new legislation to regulate cryptocurrency. The Russian Justice Ministry has drafted a bill classifying Bitcoin (BTC) and […]
Australia Tightens Crypto Regulations: AUSTRAC Proposes New Rules
Australia’s Financial Transaction and Crime Authority (AUSTRAC) has proposed new regulations for crypto transactions, aiming to enhance oversight against money laundering and illicit activities. Key changes include stricter […]
UK Treasury Remains Cautious About Cryptocurrency Reserves
The UK Treasury has rejected the idea of establishing a national cryptocurrency reserve, citing concerns about price volatility as the reason. Instead, the government will prioritize regulatory approaches […]
FCA Seeks Public Input on Cryptocurrency Regulations
The UK’s Financial Conduct Authority (FCA) has launched a call for public input on cryptocurrency regulations. Their discussion paper outlines specific areas of interest, including intermediary involvement, staking […]
UK FCA Proposes Credit-Financed Crypto Purchases Ban
The UK Financial Conduct Authority (FCA) is proposing a ban on purchasing cryptocurrencies with borrowed funds, aiming to curb debt concerns within the sector. The move follows a […]
Coinbase Navigates Legal Battles over Staking Services
Coinbase is facing ongoing legal challenges related to its staking services, with four states—California, New Jersey, Maryland, and Wisconsin— issuing cease-and-desist orders, halting new user sign-ups for these […]
Kuwait Bans Cryptocurrency Mining Over Infrastructure Strain
Kuwait has declared cryptocurrency mining illegal, citing infrastructure strain as the primary reason behind this decision. The Ministry of Interior announced on April 22 that the ban is […]
Coinbase’s XRP Futures Launch Raises Concerns Amidst Regulatory Uncertainty
Coinbase, a major U.S. cryptocurrency exchange, is embroiled in a legal battle over its listing of XRP futures contracts for American investors. The Oregon Attorney General has filed […]
Paul Atkins Returns to SEC, Potential Crypto Regulations Changes Loom
Paul Atkins has rejoined the SEC, bringing renewed influence to a changing agency landscape shaped by former President Donald Trump’s policies. This move could significantly impact the future […]
Russia Considers Internal Stablecoin Solutions Following Tether Blockage
Following Tether’s recent blocking of Russian-linked digital wallets belonging to the crypto exchange Garantex, Russia’s finance ministry is considering developing its own fiat-backed stablecoins. Deputy Head of the […]
Bitcoin Soars Following Regulatory Clarity Announcement
Bitcoin prices experienced a significant surge this week as new regulations in the cryptocurrency sector were announced in Washington D.C. These changes are anticipated to shape the future […]
Ripple Reimagines Legal Strategy Following Court Ruling on XRP
Following a recent court decision regarding its XRP token, Ripple has modified its legal strategy, prompting implications for the cryptocurrency market’s landscape. The outcome of this case could […]
Hong Kong to Implement New Crypto Policy by 2025
The Hong Kong government has announced plans to overhaul its virtual asset policy framework by 2025, a move that could significantly impact global cryptocurrency regulations. This new policy […]