Two United States Senators have proposed new legislation to regulate stablecoin cryptocurrencies and clarify their role in the country's financial landscape. On Wednesday, April 17, Bloomberg reported that Senator Kirsten Gillibrand of New York and Senator Cynthia Lummis of...
On April 3 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) (the regulators) published a joint consultation paper on their proposed approach to operating the Digital Securities Sandbox (DSS). The DSS is poised to revolutionize...
The U.S. Securities and Exchange Commission (SEC) has reportedly offered feedback to potential issuers of bitcoin exchange-traded funds (ETFs) after they submitted documents disclosing service fees for their proposed offerings yesterday, January 8, 2023. Some members of the crypto...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development...
A recent report from blockchain research firm Chainalysis has suggested that the United States government's regulatory influence over the stablecoin market is waning. The study, published on October 23, revealed that a substantial portion of stablecoin activity now occurs...
The Markets in Crypto Assets (MiCA) regulatory framework is the European Union (EU)'s attempt to provide regulatory clarity in the region's crypto and digital asset sector. It introduces a unified, comprehensive, and consistent set of rules for crypto-assets and...
Popular cryptocurrency exchange Kraken has marked a significant stride in its European expansion drive. On September 26, 2023, the exchange announced that it had secured licencing approvals from the Central Bank of Ireland and the Bank of Spain. These...
Taiwan's Financial Supervisory Commission (FSC) has released comprehensive guidelines for cryptocurrency platforms operating in the country in a move towards bolstering regulatory oversight of the crypto industry. The guidelines, published on September 26, 2023, underscore a commitment to protecting...
The UK's Financial Conduct Authority (FCA) has announced that it will give crypto firms an extended grace period to implement the required changes as it begins to enforce new regulations in the sector from October 2023. In a statement...
On Thursday, September 7, 2023, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) jointly published a comprehensive paper outlining policy and regulatory frameworks for crypto assets. Alongside these frameworks, the two key players in the global...
