UK Treasury official Bim Afolami has criticized what he perceives to be an overregulation of the nation's crypto landscape. Speaking at an event on May 8, 2024, Afolami emphasized the importance of ensuring that regulatory scrutiny does not undermine the crypto industry's growth and innovation potential. Afolami claimed that the ...
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 a significant clause aimed at regulating the cryptocurrency industry, focusing on ...
After undergoing a rigorous examination of its operations, Crypto.com is now fully registered as an authorized cryptocurrency service provider in the Netherlands.It joins the 36 cryptocurrency-related businesses that have been given regulatory approval by the De Nederlandsche Bank (DNB). Notable crypto companies like Coinbase Europe, eToro, and Bitstamp are also ...
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 their recent publication on July 17, 2023, FSB noted that strong ...
The Reserve Bank of New Zealand (RBNZ) has announced its commitment to intensify monitoring of stablecoins and the crypto-assets sector within the country. However, the central bank has clarified that it will not be implementing a regulatory framework at this time. In a statement released on June 30, 2023, Ian ...
Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz (a16z) have both written letters to the regulator, arguing that the proposal ...
