UBS faces a significant capital requirement increase under new regulations from the Swiss government. The rules demand that UBS fully capitalize its foreign subsidiaries, leading to an estimated […]
Michelle Bowman Confirmed as Fed Vice Chair: Implications for Digital Assets Regulations
The Senate has confirmed Michelle Bowman as the Federal Reserve’s Vice Chair for Supervision, with a narrow 48-46 vote marking her appointment. Her confirmation is seen by some […]
AUSTRAC Tightens Controls on Cryptocurrency ATMs: 5,000 AUD Daily Withdrawals Limit
The Australian government’s financial intelligence agency, AUSTRAC, has implemented new regulations for cryptocurrency ATMs to curb potential misuse. A daily withdrawal limit of A$5,000 will apply, following concerns […]
Tornado Cash Founder’s Defense Fund Falls Short Amidst Financial Strain
Roman Storm, the founder of Tornado Cash, faces mounting legal challenges that threaten his financial stability in the lead-up to his trial scheduled for July 14, 2025. Despite […]
Trump Administration Rescinds Biden Crypto Guidance for 401(k)s
The Trump administration has repealed guidance limiting cryptocurrency investments within 401(k) plans, a move potentially boosting crypto inclusion in retirement accounts. This reversal signals a shift towards a […]
Singapore Tightens Grip on Unlicensed Crypto Firms with New Rules
Singapore’s Monetary Authority (MAS) has announced a crackdown on unlicensed crypto firms operating internationally, requiring them to cease operations by June 30th or obtain a Digital Token Providers […]
Labor Department Repeals Biden-era Restrictions on Cryptocurrency in 401(k) Plans
The US Department of Labor has reversed a previous guidance limiting the inclusion of cryptocurrency in retirement plans, such as 401(k)s, set during the Biden administration. This move […]
Banking Groups Demand SEC Revoke Cybersecurity Rule
Five major U.S. banking organizations have urged the Securities and Exchange Commission (SEC) to repeal its cybersecurity incident disclosure rule implemented in July 2023. The groups, including the […]
South Korea’s Central Bank Calls for Regulatory Oversight of Won-Pegged Stablecoins
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 […]