In a move that underscores its commitment to modernizing the financial sector, Iran’s Central Bank is on the cusp of launching the Digital Rial, a central bank digital currency (CBDC) aimed at revitalizing the country’s banking infrastructure. Announced by Central Bank Governor Mohammad Reza Farzin during the 11th Annual Conference on Modern Banking and Payment
Regulation
The landscape of cryptocurrency regulation in the United States is in for a significant overhaul, as the Trump administration has proposed expanding the authority of the Commodity Futures Trading Commission (CFTC) to encompass large sections of the burgeoning $3 trillion digital asset market. This potential shift marks a departure from the current emphasis on strict
The Markets in Crypto-Assets (MiCA) regulation is poised to reshape the landscape for cryptocurrencies, especially for stablecoins operating in the European Economic Area (EEA). This regulatory framework aims to enhance consumer protection, ensure market integrity, and foster innovation within the crypto sector. As part of this evolution, major exchanges like Coinbase have announced significant changes
Hong Kong is taking significant steps to enhance its appeal as a premier financial and cryptocurrency hub. The recent proposal for tax exemptions, reported by the Financial Times, aims specifically at hedge funds, private equity funds, and high-net-worth family offices. This initiative, found in a detailed 20-page government document, seeks to create a more inviting
In a significant development for the global cryptocurrency landscape, Russia’s Federation Council has sanctioned expansive amendments to the nation’s Tax Code, specifically pertaining to the regulation and taxation of digital currencies, notably Bitcoin (BTC). This legislative move, which was approved on November 27, 2023, symbolizes a pivotal advance in the governmental quest to find structured
The appointment of a chairperson for the U.S. Securities and Exchange Commission (SEC) is pivotal, especially in light of ongoing transformations in the financial landscape. As President-elect Donald Trump assembles his administration, he has reportedly identified Paul Atkins as a primary candidate for the SEC chair position to succeed outgoing chair Gary Gensler. This choice
The cryptocurrency market is on the cusp of a significant transformation, primarily driven by the anticipated approval of various altcoin exchange-traded funds (ETFs). According to Eric Balchunas, a senior ETF analyst at Bloomberg, there are currently 14 altcoin-related ETFs waiting for clearance from the U.S. Securities and Exchange Commission (SEC). These proposed funds encompass a
In an unprecedented move, President-elect Donald Trump is set to launch a “Crypto Advisory Council,” according to reports from sources familiar with the development. This announcement resonates deeply within the rapidly evolving cryptocurrency landscape, particularly given Bitcoin’s significant growth since its introduction in 2008. The creation of such a council signifies a potential shift in
In a move that demonstrates a growing commitment to the burgeoning cryptocurrency sector, the UK government is preparing to roll out a comprehensive regulatory framework by early 2025. This announcement, made at the City & Financial Global Tokenisation Summit in London, reflects an eagerness to address the various challenges linked to the oversight of digital
With Donald Trump’s ascent to the presidency, the winds of change are blowing through the crypto landscape in the United States. The current focus among regulators is on reforming the frameworks governing cryptocurrencies, a much-needed action in light of the challenges posed by this rapidly evolving market. As discussions heat up, voices like SEC Commissioner
