Iran’s currency, the rial (IRR), has been losing value quickly as the country struggles with economic problems. To slow down this decline, the Central Bank of Iran (CBI) recently banned rial payments on all cryptocurrency exchanges. This move has...
New Hampshire has become the fourth U.S. state to advance Bitcoin reserve legislation, as House Bill 302 passed the state’s House on April 10 with a narrow 192-179 vote. This milestone follows strong support from the House Commerce and...
Japan's Financial Services Agency (FSA) has released a discussion paper proposing a new regulatory framework for digital assets, titled "Verification of the State of the System Related to Crypto Assets." The paper suggests classifying cryptocurrencies into two categories based...
Florida has become the latest U.S. state to take a significant step toward adopting Bitcoin as a strategic reserve asset. On April 10, House Bill 487 (HB 487) received unanimous approval from the House Insurance and Banking Subcommittee, signalling...
New York State Assemblyman Clyde Vanel has introduced Assembly Bill AA7716, which urges the State Board of Elections to explore blockchain technology to protect voters' data and ensure the integrity of election results. The proposed bill aims to assess...
Galaxy Digital is moving closer to its long-awaited U.S. stock market debut after receiving approval for its registration statement from the Securities and Exchange Commission. The company officially announced that the SEC had cleared its Form S-4, outlining plans...
Financial Secretary Paul Chan reaffirmed Hong Kong’s ambition to become a global hub for blockchain and digital assets during the Hong Kong Web3 Festival. He underscored the need for a balanced regulatory approach to bridge traditional finance with the...
South Korea plans to open its cryptocurrency market to international investors, involving specific anti-money laundering (AML) regulations. The country’s financial regulatory body is exploring ways to expand opportunities for global participation in the crypto market. This intention was expressed...
Galaxy Digital Holdings Ltd. has received regulatory approval from the UK’s Financial Conduct Authority (FCA), granting its UK subsidiary, Galaxy Digital UK Ltd., a license to conduct derivatives trading from its London office. The approval marks a significant milestone...
On Wednesday, April 3, the House Financial Services Committee voted to advance the STABLE Act, which provides clarity and structure to the stablecoin market. H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of...
