In a significant move, South Korea’s Financial Services Commission (FSC) has announced a phased plan aimed at rejuvenating the country’s cryptocurrency market by allowing corporate engagement. This decision marks a pivotal departure from a longstanding prohibition on institutional trading that has been in place since 2017. The FSC’s outline, revealed during the third Virtual Asset
Regulation
In recent months, the landscape of cryptocurrency policy-making under President Donald Trump has encountered a significant pivot. Reports reveal that the Trump administration is reconsidering the concept of a formal crypto council, opting instead for a sequence of informal summits with selected crypto industry leaders. This proposed shift has ignited discussions surrounding the future of
The landscape of cryptocurrency mining in the United States is currently facing significant challenges, chiefly due to supply chain disruptions caused by geopolitical tensions and heightened regulatory scrutiny. US-based cryptocurrency miners, who rely predominantly on specialized hardware developed by companies such as Bitmain, are encountering delays in the delivery of critical Application-Specific Integrated Circuit (ASIC)
In response to the rapidly evolving landscape of digital assets, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are considering a renewed partnership aimed at regulating cryptocurrencies and related technologies effectively. This potential collaboration stems from a report by Fox Business Journalist Eleanor Terret, which details plans to revive
The landscape of cryptocurrency legislation is taking a notable turn within the United States, especially at the state government level. With nearly 30 proposals circulating, several states are actively considering the merits of allocating public funds to Bitcoin reserves. This strategic pivot indicates not just a reflection of growing acceptance of digital currencies, but also
The approval of exchange-traded funds (ETFs) linked to cryptocurrencies has generated considerable interest among institutional and retail investors alike. In their recent analysis, Bloomberg’s ETF experts Eric Balchunas and James Seyffart provided insight into the prospects of specific altcoins for ETF approval by 2025. Their findings highlight that market sentiment around these digital assets is
Japan’s Financial Services Agency (FSA) has taken a significant step in its ongoing battle for tighter regulation in the cryptocurrency sector. On February 7, local media outlets reported that the FSA has urged tech giants Apple and Google to prohibit the download of unregistered crypto exchange applications within Japan. This marks a pivotal moment, as
In a noteworthy move, the Commodity Futures Trading Commission (CFTC) announced on February 7 the launch of a pilot program aimed at investigating tokenized non-cash collateral, particularly focusing on stablecoins, within regulated derivatives markets. This initiative reflects a stride towards comprehensive regulatory oversight in rapidly evolving digital asset markets, showcasing the CFTC’s commitment to innovation
On February 6, 2023, a significant advancement in cryptocurrency legislation took place in the Czech Republic when President Petr Pavel signed a ground-breaking bill that fundamentally transforms the tax structure for Bitcoin and potentially other cryptocurrencies. This legislation, which exempts Bitcoin from capital gains tax if held for over three years, places the Czech Republic
The U.S. Securities and Exchange Commission (SEC) has taken a noteworthy step in the realm of cryptocurrency investments by recognizing two significant regulatory filings: Grayscale’s proposed spot Litecoin (LTC) exchange-traded fund (ETF) and BlackRock’s request for in-kind redemptions for its iShares Bitcoin ETF (IBIT). This slight yet pivotal acknowledgment signals a possible shift in the
