Former VanEck advisor Gabor Gurbacs has sparked a provocative discussion about the Federal Reserve's potential adoption of Bitcoin, suggesting it could serve as a hedge against the central bank's own policies. The conversation was ignited by U.S. Senator Cynthia...
The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines to address risks associated with stablecoins for both issuers and banks offering guarantees. These guidelines emphasize the importance of stablecoin issuers verifying the identities of token holders and...
United States Senator Elizabeth Warren, known for her strong anti-crypto stance, has once again raised alarms about the risks of foreign-owned cryptocurrency mining operations in the country. During a Senate Committee on Banking, Housing, and Urban Affairs hearing on...
Coinbase's U.K. subsidiary, C.B. Payments Limited (CBPL), has been fined £3.5 million by the Financial Conduct Authority (FCA) for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” According to the FCA, despite a...
U.S. Republican Senator from Wymoing, Cynthia Lummis, is reportedly set to propose new legislation that would recognize Bitcoin as a mainstream financial asset. According to a report from Fox Business, Lummis has been quietly drafting a bill that would...
The Philippines' central bank, Bangko Sentral ng Pilipinas (BSP), is on track to launch its wholesale central bank digital currency (CBDC) by 2029. During a recent press briefing, BSP Deputy Governor Mamerto Tangonan announced that Project Agila, the central...
India's Narcotics Control Bureau (NCB) is intensifying its surveillance of cryptocurrency payments on the darknet as part of a broader strategy to combat drug trafficking. During a Parliamentary session on July 24, Nityanand Rai, Minister of State for Home...
Hex Trust, a leading digital asset custodian, has obtained in-principle approval from Singapore's financial regulator for a major payment institution (MPI) licence. This development, announced on July 24, will enable Hex Trust to offer regulated "Digital Payment Token" services...
The US House of Representatives has approved a new bipartisan financial services bill aimed at addressing the use of cryptocurrency for illicit activities. The bill, passed on Monday, July 22, 2024, seeks to establish a government working group to...
The Attorney General of Iowa, Brenna Bird, has filed an amicus brief asserting that the United States Securities and Exchange Commission (SEC) exceeds its regulatory authority over the cryptocurrency sector. This brief, supported by attorneys general from Arkansas, Indiana,...
