Government policy, laws and regulation shaping digital assets and the future of money.
In a bid to keep pace with global trends and cater to rising institutional interest, the Thai Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets. This initiative is designed to enhance investment opportunities for Thai investors and align the country’s regulatory framework with international … Read more
According to developer @0xCygaar from Abstract Chain, the FBI has copied files from OpenZeppelin—one of the most widely used libraries for smart contract development—without adhering to the required licensing notice stipulated by the MIT license. This alleged oversight occurred in the context of the FBI’s NexFundAI token, raising questions about compliance with software licensing by … Read more
The South Korean government is set to introduce stringent regulations on dollar-pegged stablecoins, emphasizing the importance of cross-border transactions in the evolving digital asset landscape. The Ministry of Strategy and Finance has announced its intention to reassess existing strategies to enhance the reliability of cross-border digital asset transfers associated with stablecoins. Focus on Cross-Border Transactions … Read more
Canary, a new firm co-founded by former Valkyrie Funds executive Steven McClurg, has recently expressed optimism regarding the evolving regulatory landscape for cryptocurrencies. In a statement, McClurg highlighted the “signs of a more progressive regulatory environment coupled with growing demand from investors.” However, the recent filing by Canary did not provide specific details, such as a ticker … Read more
In the ever-evolving landscape of cryptocurrency, the need for compliance with international laws while safeguarding user rights has never been more crucial. Nils Andersson Rød, the global head of financial crime investigations at Binance, recently underscored the platform’s commitment to conducting independent investigations rather than simply adhering to government requests. This approach aims to ensure … Read more
Recent trends indicate a significant pivot among Chinese investors as they increasingly turn their attention from cryptocurrencies back to the nation’s stock market. According to a report by Muyao Shen for Bloomberg, this shift comes in the wake of supportive measures introduced by China’s central bank aimed at bolstering the country’s economic outlook. The stock … Read more
Tether is set to launch new technology tailored for the European market in response to evolving regulatory frameworks, particularly with the impending full implementation of MiCA (Markets in Crypto Assets) regulations. This strategic move comes as Coinbase announces its plan to delist non-compliant stablecoins, including Tether’s USDT, from the European Economic Area (EEA) by December … Read more
The recent news regarding the SEC’s decision to appeal Judge Torres’ ruling has stirred significant anticipation in the crypto community. Many speculated that the watchdog might refrain from this move, given the slim chances of success. However, the announcement still led to a sharp drop in XRP’s price, which plummeted over 12%, catching many traders … Read more
On October 3, 2024, Transak USA LLC reached a pivotal milestone by securing its first Money Transmitter License (MTL) from the Alabama Securities Commission. This regulatory approval not only positions Transak as a fully licensed financial institution in Alabama but also underscores the company’s commitment to providing secure and accessible cryptocurrency services across the United … Read more
The Commodity Futures Trading Commission (CFTC) is considering a significant development in the realm of digital assets, potentially allowing their use as collateral for trading commodities and derivatives. This initiative represents a pivotal move towards the integration of digital assets within traditional financial markets. Understanding the CFTC’s Role The CFTC is the U.S. agency responsible … Read more