As the spotlight continues to shine on the digital asset landscape, the news that the U.S. Securities and Exchange Commission (SEC) is reassessing its proposed custody rules is a welcome sigh of relief for many investors and crypto firms alike. Acting SEC Chair Mark Uyeda’s decision encapsulates a nuanced understanding of how to protect investors
Regulation
Francois Villeroy de Galhau, a significant figure in European finance, has raised an alarm over U.S. President Donald Trump’s endorsement of cryptocurrencies, and for good reason. By showcasing such a strong backing for digital assets, the Trump administration may very well be treading dangerous waters. This cavalier attitude towards financial regulations could give rise to
The establishment of the Pakistan Crypto Council (PCC) is nothing short of a transformative milestone for the nation. For years, Pakistan’s government wavered between outright hostility and cautious skepticism regarding digital currencies. Citing concerns around terrorism financing, they remained reluctant to embrace a technological revolution that the rest of the world was readily adopting. However,
Argentina’s recent move to implement regulatory standards for virtual asset service providers (PSAVs), encapsulated in Resolution No. 1058, calls for a critical examination of the intentions and implications behind such actions. As the world grapples with the rapid evolution of cryptocurrency, the urgency for thorough oversight can hardly be overstated. However, the risks of stifling
In an ambitious move hailed as a potential breakthrough in the realm of cryptocurrency regulation, the GENIUS Act is stirring an array of sentiments amongst industry stakeholders. While some perceive it as a necessary step towards order and accountability, others, such as Alex Thorn, head of research at Galaxy, suggest that the proposed legislation might
In a remarkable display of bipartisanship, the Senate Banking Committee has advanced the GENIUS Act, with a resounding 18-6 vote that has the potential to reshape the landscape of digital assets in America. Co-authored by Senator Bill Hagerty, the bill has garnered the support of all Republicans on the committee and a select group of
The Bank of Russia’s recent proposition to create a three-year experimental legal framework for cryptocurrency trading stands as a paradox in the nation’s cautious approach to digital assets. While the initiative seemingly opens doors for a select group of investors—those with assets exceeding $1.1 million—the restrictive nature of the proposal casts doubt on its intent
In a pivotal move for the cryptocurrency landscape in the United Kingdom, Kraken has achieved Electronic Money Institution (EMI) status from the Financial Conduct Authority (FCA). This achievement is not merely a regulatory box-tick; it is emblematic of a significant shift in the intersection of traditional finance and digital assets. At a time when the
In a crucial development in the realm of cryptocurrency regulation, Acting Chairman Mark Uyeda’s recent remarks at the Institute of International Bankers’ annual conference signal a potential pivot at the US Securities and Exchange Commission (SEC). The intention to reconsider a proposal that could impose stringent regulatory burdens on crypto firms is not merely a
The Cayman Islands, a key player in the global financial landscape, is stepping up its game in the realm of cryptocurrency by introducing stringent new licensing regulations for virtual asset service providers (VASPs). This move, set to take effect in April 2025, aims not only to enhance investor protection but also to fortify market integrity.