The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), known as the “Sand Dollar.” According to a report by Reuters on July 1, the country’s central bank governor, John Rolle, highlighted the importance of making the Sand Dollar accessible through commercial banks to increase its adoption rates. The
Regulation
Recent reports have confirmed that VanEck’s Solana spot ETF proposal is heavily influenced by speculation on the outcome of the US presidential election. The company’s Head of Digital Assets Research, Matthew Sigel, has indicated that the proposal is betting on a victory for Donald Trump in the upcoming election. This strategic decision has raised concerns
Circle, a global stablecoin issuer, made a significant announcement on July 1 regarding its acquisition of an e-money license in France. This move positions Circle as the first stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations, marking a crucial milestone in the company’s journey towards mainstream financial integration. Circle’s achievement of
Vitalik Buterin, the co-founder of Ethereum, has once again raised concerns about the current state of cryptocurrency regulation, particularly in the United States. In a recent conversation on Warpcast, a decentralized social media platform, Buterin pointed out a regulatory paradox that, according to him, hinders the growth and integrity of the industry. Buterin highlighted the
Regulation in the digital finance space has become a critical topic of discussion, particularly with the emergence of crypto assets. The European Union has taken a proactive approach through the Markets in Crypto-Assets regulation (MiCAR), aiming to provide a comprehensive framework for crypto asset services. However, there is a looming challenge posed by non-custodial crypto
The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the regulation of cryptocurrency, according to economist Timothy Peterson. The Chevron doctrine, established in 1984, had allowed federal courts to defer to agency interpretations of laws and statutes. With this decision, the SEC’s authority to regulate crypto as
Keisha Lance Bottoms, the soon-to-be senior campaign adviser for Joe Biden, recently made headlines by stating that crypto is a nonpartisan issue. According to Bottoms, crypto is a nonpolitical and unifying topic that has garnered bipartisan support across the United States. She emphasized that crypto and blockchain technologies are transforming the financial system and empowering
Paradigm has raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA), particularly regarding the misinterpretation of Maximum Extractable Value (MEV). ESMA recently stated that MEV will be considered a form of market abuse under the upcoming MiCA framework. However, Paradigm argues that ESMA’s current
Abra, along with its CEO William “Bill” Barhydt, recently reached a settlement with 25 US state regulators for providing crypto trading services without the necessary licenses. The settlement, as announced by the Conference of State Bank Supervisors (CSBS) on June 26, involved the agreement to forego monetary penalties in exchange for $82 million in customer
Cryptocurrency exchanges and digital asset traders in Nigeria are facing increased scrutiny from the country’s Securities and Exchange Commission (SEC). The SEC has issued a 30-day ultimatum for these businesses to re-register, with enforcement actions threatened for non-compliance. This move comes as part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers