The cryptocurrency market is witnessing a significant transformation as European regulators prepare to implement the Markets in Crypto-Assets (MiCA) framework. This sweeping initiative aims to create a comprehensive legal foundation for cryptocurrencies and stablecoins in the European Economic Area (EEA). As a result, exchanges like Coinbase are compelled to adapt their services in response to
Regulation
The Central Bank of Brazil (BCB) has introduced a controversial proposal that restricts centralized exchanges from enabling users to withdraw stablecoins to self-custodial wallets. This initiative aligns with the bank’s ongoing efforts to regulate the burgeoning digital asset landscape in Brazil. The proposal comes after the crypto regulation bill was approved in December 2022, which
Hong Kong is making significant strides in establishing itself as a vital hub for finance and cryptocurrency through a proposed tax exemption initiative aimed at hedge funds, private equity firms, and prestigious family offices. As reported by the Financial Times on November 28, the Hong Kong government has released a 20-page plan intending to enhance
In the ever-evolving landscape of cryptocurrency investment, the inclusion of altcoins in exchange-traded funds (ETFs) marks a significant shift in market dynamics. Eric Balchunas, a leading ETF analyst at Bloomberg, has observed that the impending approval of various altcoin-related ETFs could make the cryptocurrency sector even more dynamic—provided there are no major market upheavals. With
As President-elect Donald Trump meticulously curates his administration’s leadership, one prominent name in the world of financial regulation emerges: Paul Atkins. Known for his regulatory experience and support of financial innovation, Atkins stands as a potential candidate for the position of chair for the U.S. Securities and Exchange Commission (SEC). This reflects a significant departure
In a significant shift towards modernizing its banking infrastructure, Iran is poised to introduce its ambitious central bank digital currency (CBDC), termed the Digital Rial. The announcement was made by Central Bank Governor Mohammad Reza Farzin during the 11th Annual Conference on Modern Banking and Payment Systems on November 25. The initiative is not merely
The landscape of cryptocurrency ownership and awareness in the UK is experiencing significant transformation, reflecting broader trends in global digital asset markets. Recent research by the Financial Conduct Authority (FCA) reveals that the number of adult crypto holders has surged to 12%, rising from 10% in the previous year. This increase is paralleled by a
In light of the evolving landscape of cryptocurrency and blockchain technology, the Blockchain Association recently conveyed a critical message to president-elect Donald Trump and Congress. This nonprofit organization, which represents a multitude of businesses within the crypto sector, has outlined a series of essential priorities that they believe should be addressed in the first 100
A significant legal hurdle has been placed in the path of the U.S. Securities and Exchange Commission (SEC) following a recent federal court ruling that invalidated its controversial dealer rule aimed at the cryptocurrency sector. On November 21, this decision from the U.S. District Court for the Northern District of Texas marked a critical victory
The cryptocurrency landscape in the United States is poised for an intriguing transformation, with former Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo—a figure fondly dubbed “Crypto Dad”—emerging as a strong contender for the role of the first White House “crypto czar”. This potential position, which is reportedly being established under the Trump administration, seeks
