A significant shift in the U.S. financial landscape has emerged as the Federal Reserve has withdrawn its previously imposed guidelines for banks to interact with cryptocurrencies and stablecoins. […]
Citi Projects Stablecoin Market Could Reach $3.7 Trillion by 2030
Citi Institute has released a report predicting a significant growth in the stablecoin market, with potential reaching up to $3.7 trillion by 2030. This forecast outlines potential impacts […]
Privacy Concerns Persist as U.S. Stablecoin Legislation Advances
The U.S. Congress is currently considering legislation to regulate stablecoins, with the GENIUS Act and STABLE Act being two key proposals. However, experts like Jennifer J. Schulp, Director […]
SEC and Ondo Finance Collaborate on Tokenized Securities Compliance
In a recent development, the SEC held a meeting with representatives from Ondo Finance and legal counsel Davis Polk & Wardwell LLP to discuss regulatory compliance for tokenized […]
Hong Kong Climbs to Second in Crypto-Friendly City Ranking
Hong Kong has been recognized for its pro-crypto stance, ranking second globally in a recent city index. This high position reflects a regulatory environment that fosters market confidence […]
Russia Launches Regulated Crypto Exchange for Qualified Investors
Russia’s new initiative will create a regulated crypto exchange accessible only to high-net-worth individuals and institutional investors. This platform operates under an experimental legal regime (ELR), designed to […]
15 Crypto Firms Seek U.S. Banking Licenses: New Guidance Simplifies Cryptocurrency Activities for Banks
The OCC has issued new guidance clarifying the role of banks in cryptocurrency transactions, leading to streamlined processes for institutions involved in crypto-related activities. This revised guidance aims […]
Paul S. Atkins Takes Helm as New SEC Chairman
Paul S. Atkins officially assumed the role of the U.S. Securities and Exchange Commission’s (SEC) 34th Chair, following a successful Senate confirmation vote on April 9th. His appointment, […]
Paul Atkins Returns as SEC Chairman: Shifting Regulatory Focus
The appointment of Paul Atkins as SEC Chair signals a potential shift in regulatory strategy, particularly concerning cryptocurrency regulation. Under Trump’s administration, Atkins will hold the position again, […]
SEC Files Charges Against Miami-Based Cryptocurrency Firm
The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against a Miami-based cryptocurrency company, signaling growing regulatory scrutiny of the industry. The SEC alleges that the […]
Crypto Firms Consider Bank Charters Amid Regulatory Pressure
The crypto industry is exploring the potential of securing U.S. bank charters, driven by increased regulatory scrutiny and efforts to solidify its position in the financial system. Companies […]
South Korea’s Central Bank Sets Course for Stablecoin Regulation
In a bid to safeguard financial stability, South Korea’s central bank is gearing up to actively participate in the development of stablecoin regulations. The move aims to minimize […]
Italy’s Finance Minister Highlights US Stablecoins as Bigger Threat Than Tariffs
Italy’s finance minister has cautioned that US stablecoin policies pose a more significant threat to financial stability than trade tariffs, arguing these digital assets could undermine the euro’s […]
Abu Dhabi Regulator Fines Hayvn Group $12.45 Million for AML Violations
The Abu Dhabi Financial Services Regulatory Authority (FSRA) has imposed a hefty $12.45 million penalty on cryptocurrency trading company Hayvn Group, following an investigation into their inadequate anti-money […]
FDIC Unveils New Crypto Banking Rules: Impact & Implications
On October 12, 2023, the Federal Deposit Insurance Corporation (FDIC) released comprehensive guidelines for U.S. banks’ handling of cryptocurrency. This move marks a significant shift in how banks […]