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,...
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), is likely to resign within the first two months of 2025, following the end of President Joe Biden's term, according to Markus Thielen, founder of 10X Research....
The Hong Kong Monetary Authority (HKMA) has announced the participants for its stablecoin issuer sandbox program, which begins today, July 18, 2024. The selected institutions are JINGDONG Coinlink Technology Hong Kong Limited, RD InnoTech Limited, Standard Chartered Bank (Hong...
Hong Kong's financial regulators have taken a significant step towards regulating the stablecoin industry by releasing consultation conclusions on a proposed licensing regime for stablecoin issuers. This move is part of the city's broader legislative effort to transform and...
Justice Emeka Nwite of the Federal High Court in Abuja has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a medical doctor at the Kuje Correctional Centre. The warrant comes after Dr Ehizojie failed to comply...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has highlighted the uptick in the use of cryptocurrencies and related services for criminal activities in a recent report on money laundering trends. The 2024 AUSTRAC Money Laundering National Risk Assessment...
South Korea's right-wing political party, People Power Party, has introduced a proposal to delay the taxation of cryptocurrency gains by three years. If approved, the tax on crypto gains, initially set to begin in 2025, would be postponed until...
Fox journalist Eleanor Terrett has raised questions about whether the recent actions by the US Securities and Exchange Commission (SEC) signify an acknowledgment of the necessity to relax the famed Staff Accounting Bulletin(SAB) 121's requirements for banks and brokerages. ...
