The Reserve Bank of Zimbabwe (RBZ) has announced that it is finalizing its plans to introduce Gold-Backed Digital Tokens for everyday transactions. In his presentation of the Mid-Term Monetary Policy Statement (MPS) on August 9, 2023, John Panonesta Mangudya,...
The French financial regulatory body, the Autorité des marchés financiers (AMF), has introduced significant revisions to the country's existing cryptocurrency regulations. These updated rules will impose more stringent registration criteria on cryptocurrency companies seeking licenses. In a blog post...
The United States Securities Exchange Commission has made moves to appeal the recent ruling in its lawsuit against Ripple. In a letter addressed to Judge Analisa Torres on August 9, 2023, the SEC contended that the court's decisions on...
Coinbase has filed a motion seeking to dismiss the lawsuit brought against it by the U.S. Securities Exchange Commission (SEC). In a court filing submitted on August 4, 2023, the exchange accused the U.S. SEC of overstepping its jurisdiction. In...
The U.S. Senate has given the green light to the $886 billion 2024 National Defense Authorization Act (NDAA), a critical piece of legislation that determines the use of federal resources by the nation's defense department. Notably, this bill includes...
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,...
