Hong Kong and Saudi Arabia set their sights on deeper integration of financial services as they engaged in crucial discussions on financial infrastructure development, open market operations, market connectivity, and sustainable growth. On July 26, 2023, a bilateral meeting...
Faryar Shirzad, Coinbase's Chief Policy Officer, has made a compelling case for Australia to expedite the implementation of detailed cryptocurrency regulations in order to keep pace with the rapidly evolving global market. Appreciated the chance to participate in this...
Republican Congressman Warren Davidson has joined a growing number of U.S. politicians to advocate against the creation of central bank digital currencies (CBDCs). He urged Congress to pass legislation that would not only prevent the issuance of CBDCs but...
House Financial Services Committee Chairman, Patrick McHenry, has announced the markup of seven bills, three of which are focused on providing legal clarity for the digital assets ecosystem, including blockchain technology and stablecoin payments. These three bills include: H.R....
The increasing popularity of crypto and the high-profile failures of a number of centralized crypto firms have raised concerns among global financial regulators about potential risks to financial stability, investor protection, and market integrity. So, on 17 July 2023,...
The United States Department of Justice (DoJ)has announced a major restructuring initiative aimed at enhancing its ability to handle the surging caseload within its Criminal Division. Principal Deputy Assistant Attorney General Nicole M. Argentieri revealed this during her speech...
Kuwait has adopted a stricter stance on virtual assets and cryptocurrencies. The Capital Markets Authority (CMA), the country's primary financial regulator, issued a circular on July 18, 2023, outlining comprehensive regulations for virtual assets in the country. The new...
Democratic presidential candidate Robert F. Kennedy Jr. has revealed his ambitious plan to back the US dollar with Bitcoin if elected. Speaking at a Heal-the-Divide PAC event on July 19, 2023, Kennedy expressed his belief that supporting the American...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency...
The Financial Stability Board (FSB) of the G20 has recommended a global regulatory framework for crypto-asset activities. This framework is a response to the G20's request for an effective regulatory, supervisory, and oversight framework for cryptoassets like Bitcoin. In...
