Government policy, laws and regulation shaping digital assets and the future of money.
Tether, the dominant stablecoin, faces a crucial deadline as Europe’s Markets in Crypto-Assets (MiCA) regulation requires it to obtain an e-money license by December 30th. Failure to comply could result in delisting from European crypto exchanges, potentially disrupting the market. Tether’s role as a cornerstone in crypto transactions and its widespread use in USDT trading … Read more
The Russian government has taken a significant step towards embracing cryptocurrency, approving the use of Bitcoin (BTC) and other digital financial assets (DFAs) in international trade. This move aims to circumvent Western sanctions that have severely impacted Russian businesses. Finance Minister Anton Siluanov confirmed the decision, stating that Russian companies can now utilize Bitcoin mined … Read more
Sponsored by Choi Eun-Seok of the ruling People Power Party, a new amendment to South Korean law aims to enhance oversight of cryptocurrency transactions to combat money laundering and foreign exchange crimes. Choi argues that the current lack of regulatory oversight in the crypto market has contributed to a rise in illegal activities. He emphasizes … Read more
Google is updating its cryptocurrency advertising policy, introducing stricter requirements for advertisers in the UK. Effective January 15, 2024, crypto exchanges and software wallet providers will be required to register with the Financial Conduct Authority (FCA) before their ads are allowed to appear on the Google platform. This move aligns with the FCA’s stringent … Read more
In a landmark decision, the Securities and Exchange Commission (SEC) has approved the first-ever ETFs combining both Bitcoin and Ethereum. The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF offer investors a unique opportunity to gain exposure to the two largest cryptocurrencies within a single investment vehicle. A Diversified Approach … Read more
Caroline Crenshaw, a vocal critic of cryptocurrency within the Securities and Exchange Commission (SEC), will not be returning to the agency. Her term expires in January, and the Senate Banking Committee has declined to renominate her. This decision is being celebrated by the crypto industry, which has long viewed Crenshaw as an obstacle to its … Read more
Coinbase has announced the delisting of six stablecoins, including Tether’s USDT, from its European platforms, effective December 13th. This move is intended to ensure compliance with the Markets in Crypto-Assets (MiCA) regulation, which comes into full effect by the end of the month. The delisted stablecoins include USDT, PAX, PYUSD, GUSD, GYEN, and DAI. However, … Read more
The Bank of England’s Prudential Regulation Authority (PRA) has announced that it will require businesses to disclose their current and future exposure to cryptocurrency by next March, as part of efforts to monitor financial stability and shape future policy. This move comes amid growing interest in cryptoassets, with firms increasingly integrating digital currencies into their … Read more
Brian Quintenz, the head of policy at a16z Crypto, is reportedly a leading candidate for the position of Chairman of the Commodity Futures Trading Commission (CFTC). The selection process is currently underway by the incoming presidential administration. A Bridge Between Crypto and Traditional Finance Quintenz’s background uniquely positions him to bridge the gap between traditional … Read more
Vancouver City Council has taken a bold step towards embracing cryptocurrency, voting to explore ways to incorporate Bitcoin into its financial system. The motion, spearheaded by Mayor Ken Sim, directs staff to investigate the feasibility of accepting taxes and fees in Bitcoin, as well as converting a portion of the city’s reserves into the cryptocurrency. … Read more