The United States is a dominant force in the global financial sector, not just because of the Dollar's status as the default medium of exchange but also due to its efficient and extensive regulatory mechanisms. For every financial product...
Eun-bo Jeong, Chairman of the South Korea Exchange, has expressed interest in pursuing the approval of cryptocurrency exchange-traded funds (ETFs) as part of efforts to revitalize the country's financial markets. South Korean media outlet The Fact reported that during...
The Indonesian government is yet to finalize the transfer of crypto asset oversight from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK), as required by the Financial Sector Law, as reported...
China's State Administration of Foreign Exchange has rolled out new regulations requiring banks to identify and report high-risk transactions, including those tied to cryptocurrencies. This move is expected to create significant hurdles for mainland investors seeking to trade Bitcoin...
Starting January 1, 2025, cryptocurrency mining will be deemed illegal in Chechnya, with violators facing severe punishment, according to Adam Delimkhanov, a lawmaker in the Republic’s legislative chambers. Speaking to local media outlet Tsargrad TV, Delimkhanov stated that crypto...
The Reserve Bank of India (RBI) has raised concerns about cryptocurrencies, including stablecoins, warning they pose significant risks to the country’s financial stability. In its latest 2024 Financial Stability Report, the RBI noted that despite a surge in crypto...
As cryptocurrencies get increasingly integrated into mainstream finance, tax policies have emerged as a critical regulatory tool. Governments worldwide have introduced various frameworks to generate revenue from the sector. While these efforts add legitimacy to the industry, they also...
The Reserve Bank of India (RBI) has raised concerns about cryptocurrencies, including stablecoins, warning they pose significant risks to the country’s financial stability. In its latest 2024 Financial Stability Report, the RBI noted that despite a surge in crypto...
Hong Kong lawmaker Wu Jie has called on the region’s government to explore the possibility of including Bitcoin in its fiscal reserves, according to a local media report. The report revealed that Wu suggested the Hong Kong Special Administrative...
The People's Bank of China recently released its China Financial Stability Report 2024, which offers a detailed analysis of global cryptocurrency regulations, focusing on Hong Kong's regulatory progress. The report highlights increased global regulatory oversight of crypto assets following...
