Amid policy concerns, South Korea’s central bank (BOK) has urged clear legal authority over the issuance of stablecoins pegged to the Korean won. The BOK cautions that unregulated […]
South Korea Tightens Control Over Stablecoins: Why is the BOK Involved?
The digital asset landscape continues to evolve, bringing both opportunities and challenges for traditional finance. As cryptocurrencies like stablecoins gain prominence, their potential impact on financial systems is […]
US Banks Gain Green Light to Trade Crypto Assets on Behalf of Customers
The US banking sector is embracing cryptocurrencies as regulatory clarity allows banks to offer direct trading services to customers. The Office of the Comptroller of Currency (OCC) has […]
OCC Grants Banks Authority to Trade and Hold Crypto Assets
The Office of the Comptroller of the Currency (OCC) has made a significant move, allowing U.S. banks to engage in crypto trading and custody activities. This decision empowers […]
Torres Introduces Bill Banning Political Figure Meme Coins
U.S. Representative Ritchie Torres has proposed legislation aiming to curb the use of political figures’ likenesses for profit in digital assets. Known as the ‘Stop Presidential Profiteering from […]
UK Tightens Crypto Rules: Credit Card Purchases Banned
The UK’s Financial Conduct Authority (FCA) has announced a major crackdown on cryptocurrency purchases. Retail buyers will be prohibited from using credit cards to buy cryptocurrencies, marking a […]
Italy Raises Concerns Over Trump’s Cryptocurrency Policies
Italy’s central bank has voiced serious concerns about U.S. President Donald Trump’s embrace of cryptocurrency. Italy fears that crypto firms might exploit regulatory loopholes between the US and […]
U.S. Department of Homeland Security Probes Anchorage Digital Bank
The U.S. Department of Homeland Security (DHS) is investigating Anchorage Digital Bank’s operations, particularly within the cryptocurrency sector. The investigation, under the El Dorado Task Force, focuses on […]
Turkish Finance Minister Urges Cryptocurrency Exchanges to Comply with Strict New Rules
Turkey’s Treasury and Finance Minister, Mehmet Şimşek, issued a strong warning to cryptocurrency service providers regarding upcoming regulatory changes. He emphasized the importance of adhering to new regulations […]
OKX Launches in U.S., Seeking to Secure Regulatory Presence After $500 Million Settlement
Global cryptocurrency exchange OKX has officially entered the U.S. market, marking a significant expansion following a $500 million settlement with the Department of Justice. CEO Roshan Robert will […]
South Korea Cracks Down on Unlicensed Cryptocurrency Apps
In a significant move against unregistered cryptocurrency exchanges, the Financial Services Commission (FSC) removed 14 platforms from the Apple App Store in South Korea. Popular exchanges KuCoin and […]
Paul Atkins Takes Helm as SEC Chairman: Signaling Shifts in Crypto Regulation
The appointment of Paul Atkins to the SEC chairmanship signals a significant change in U.S. financial regulation, particularly for cryptocurrency. His background and the DOJ’s decision to close […]
U.S. Treasury Proposes New Crypto Tax Regulations, Raising Concerns About Market Impact
The U.S. Treasury Department has proposed new regulations targeting cryptocurrency transactions across all exchanges nationwide. These proposals aim to enhance reporting clarity and tax compliance within the evolving […]
New York AG Calls for Federal Crypto Regulation to Protect Investors and Market Stability
New York Attorney General Letitia James urged Congress to enact federal cryptocurrency laws, emphasizing the need for a unified regulatory framework to safeguard market stability amidst concerns about […]
Blackrock & Galaxy Digital Secure UK Crypto Licenses: Institutions Expand Reach
Two major financial institutions have secured crucial licenses from the UK’s Financial Conduct Authority (FCA) to operate in the crypto space. Blackrock, a global asset manager, has been […]