Government policy, laws and regulation shaping digital assets and the future of money.
Brazil’s central bank, Banco Central do Brasil (BCB), is considering a significant regulatory move that could impact the use of stablecoins within the country. The proposed regulation, which is currently open for public comment, aims to limit the transfer of stablecoins to self-custodial wallets. This means that users may not be able to move their … Read more
German fintech firm 21X has secured regulatory approval from Germany’s Federal Financial Supervisory Authority (BaFin) to launch a blockchain-based tokenization platform. This landmark approval marks a significant milestone for the company and the broader European financial industry. The platform, developed in collaboration with Polygon and SBI Digital Markets, is set to debut in early 2025. … Read more
A New Era for Crypto in Morocco Morocco, a country once staunchly opposed to cryptocurrencies, is poised to undergo a significant regulatory shift. The central bank, Bank Al-Maghrib, is spearheading the development of a new regulatory framework that aims to legitimize and regulate digital assets. This move marks a departure from the 2017 ban on … Read more
As the cryptocurrency world continues to navigate uncertain regulatory waters, there’s growing buzz about a potential shake-up at the U.S. Securities and Exchange Commission (SEC). With Gary Gensler set to step down in January 2025, many in the crypto community are hopeful that Paul Atkins—who served as an SEC commissioner from 2002 to 2008—could be … Read more
A Landmark Ruling In a significant legal victory for the cryptocurrency industry, the U.S. Court of Appeals for the Fifth Circuit has ruled that the U.S. Treasury Department’s sanctions against the crypto mixer Tornado Cash were unlawful. The court determined that the Treasury Department’s Office of Foreign Asset Control (OFAC) exceeded its authority by sanctioning … Read more
Crypto ETFs have been a hot topic for years, with some already approved and available for investors. However, the SEC’s cautious approach to cryptocurrency-related financial products has kept many would-be crypto ETFs in limbo. Hashdex, the Brazilian asset management firm, is hoping to change that with its latest filing for a cryptocurrency-focused ETF, submitted on … Read more
Governments worldwide are increasingly turning their attention to the cryptocurrency industry, with a particular focus on tax transparency and cross-border payments. Australia’s Move Towards Global Crypto Tax Standards Australia is taking steps to align its cryptocurrency tax regime with international standards. The Treasury Department has initiated a consultation process to adopt the OECD’s Crypto-Asset Reporting … Read more
Ripple’s native token, XRP, has captured significant attention in the cryptocurrency market after experiencing a parabolic price surge. In just a few days, the price of XRP jumped from $0.70 to $1.14, breaching key resistance levels that have injected bullish momentum into the broader crypto market. This rally has many analysts speculating that the surge … Read more
Russian authorities are set to introduce significant restrictions on cryptocurrency mining in regions of Ukraine under its control, marking a new regulatory step in the country’s ongoing response to its energy challenges amid the war. As the conflict surpasses 1,000 days, Russia’s Deputy Prime Minister Alexander Novak convened a high-level meeting to address the ongoing … Read more
In a groundbreaking move for both the cryptocurrency and sustainability sectors, the U.S. Securities and Exchange Commission (SEC) has approved the 7RCC Spot Bitcoin and Carbon Credit Futures ETF for listing on NYSE Arca. The new exchange-traded fund (ETF) blends traditional cryptocurrency exposure with eco-conscious investments, offering investors a unique opportunity to invest in Bitcoin … Read more