The Law Commission of England and Wales has recommended that the government establish a new category of personal property to encompass crypto assets. The independent body, which reviews and suggests legal reforms, highlighted the shortcomings of the current property...
The United States Securities and Exchange Commission (SEC) has withdrawn its request for a court to rule on whether certain tokens, mentioned in its lawsuit against Binance, should be classified as securities. In a filing submitted on July 30,...
US Senator Cynthia Lummis has renewed her call for a Bitcoin reserve to help alleviate the US national debt, following the Treasury Department's announcement that the gross national debt exceeded $35 trillion for the first time. This figure marks...
The Dutch finance ministry has rejected multiple requests from the Netherlands Authority for the Financial Markets (AFM) for extra funding to oversee the cryptocurrency sector, according to a local report. The report, which quoted government documents, noted that the...
El Salvador has proposed using Bitcoin for trade with Russia to overcome financial transaction limitations imposed by sanctions. This revelation came from Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in El...
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...
