A recent document released by Ripple and the United States Faster Payments Council revealed that 97% of world leaders believe that cryptocurrency and blockchain technology provides a better system for payments and transactions. Over 300 payment leaders from 45...
South Dakota, a midwestern state in the United States, has proposed an amendment to House Bill 1193, titled "An Act to amend provisions of the Uniform Commercial Code," Section 1. The proposed amendment seeks to clarify the definition of...
As is fast becoming a trend in the crypto regulatory space, the US Securities and Exchange Commission (SEC), has again clamped down on another crypto organisation, Paxos—a leading blockchain infrastructure and stablecoin issuer, through a lawsuit filed on grounds...
Australia has, since 2021, joined the league of countries like the US in expanding crypto regulation, and this year just might usher in further implementation of regulatory guidelines and provisions for crypto-related operations in the country. The past year...
TL;DR: The UK government has published a set of proposals for the regulation of the crypto sector for public consultation. The proposals cover the authorization of crypto firms and the types of requirements to be imposed on them. Importantly,...
The blockchain-cryptocurrency industry has been making waves in the world of finance, disrupting traditional systems and opening up a new world of possibilities. Despite its many benefits, this budding industry is not immune to challenges, the most notable of...
Credit institution licensing is crucial for the public control and oversight of the European financial system. The public will have confidence in the financial system if they know that only authorized institutions are operating. At the same time, licensing...
In the wake of the collapse of TerraUSD, an algorithmic stablecoin, it was widely expected that financial regulators would take swift action to set some ground rules for stablecoins. (See “Terra LUNA 99% Crash: How Did It All Go...
Introduction With success comes accountability. So it is with the crypto sector. As the sector grows in size, importance and sophistication, the United Kingdom’s financial policymakers – government, parliament, and regulatory bodies (such as the Financial Conduct Authority (FCA), ...
On 24 March 2022, the Financial Policy Committee (FPC) of the U.K.'s central bank, the Bank of England (BoE), published a document titled: “Financial Stability in Focus: Cryptoassets and decentralised finance”. In it, the BoE sets out its views...
