Taiwan is taking significant steps toward financial innovation by allowing banks to issue stablecoins, a move that indicates the island’s commitment to integrating digital currencies into its banking system. The Financial Supervisory Commission (FSC) is set to release a draft bill in June that will lay out a regulatory framework specifically targeting virtual asset service
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In recent months, the House Committee on Oversight and Government Reform has taken significant steps to investigate the banking sector’s relationship with cryptocurrency firms. A formal letter was issued to multiple organizations, including major players like Coinbase and Uniswap Labs, demanding evidence of systemic debanking practices. This investigation highlights a growing concern over whether political
The landscape of cryptocurrency regulation in the United States is evolving, with the recent introduction of the Staff Accounting Bulletin (SAB) 122 signaling a transformative move by the US Securities and Exchange Commission (SEC). In a marked departure from its predecessor, SAB 121, this new directive seeks to address significant regulatory impediments that have historically
In a significant step toward establishing a regulated cryptocurrency environment in Europe, OKX, a prominent digital asset exchange, has received a pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA). This unprecedented move, announced on January 23, underscores the exchange’s ambition to expand its operations throughout the European Economic Area (EEA) from its base in
In a stark reminder of the vulnerabilities that exist within the cryptocurrency ecosystem, Singapore’s prominent exchange, Phemex, has suspended all withdrawal activities following a severe security breach that resulted in the loss of approximately $37 million. The announcement came on January 23, as the company launched an urgent examination of its security protocols and wallet
In recent months, users of Coinbase have experienced significant delays in processing Solana transactions. These delays have been particularly pronounced during periods of heightened trading activity, which has left many users frustrated. Specifically, the surge in activity surrounding Donald Trump-themed memecoins exacerbated existing congestion on the Solana network, preventing users from executing transactions promptly. Reports
In a groundbreaking announcement, Binance, the world’s leading cryptocurrency exchange, reported that its user base engaged in a staggering $26 billion worth of peer-to-peer remittances from 2022 to 2024. This achievement has not only highlighted the growing adoption of crypto as a viable alternative for traditional remittance channels but also underscored how these transactions have
As the year 2025 approaches, the landscape of the cryptocurrency industry in Europe finds itself teetering on the edge of a significant regulatory evolution. With the implementation of the Markets in Crypto-Assets Regulation (MiCA), the European Union is poised to establish a comprehensive framework designed to enhance transparency, bolster consumer protection, and mitigate risks associated
In a groundbreaking move towards the future of digital finance, the New York Department of Financial Services (NYDFS) has joined forces with the Bank of England (BOE) to establish an initiative focused on harmonizing regulations for cryptocurrencies and digital assets. This partnership, unveiled on January 13, introduces the Transatlantic Regulatory Exchange (TRE), an ambitious program
Senator Cynthia Lummis has taken a proactive stance regarding the imminent liquidation of 69,370 Bitcoins linked to the notorious Silk Road. In a recent communication directed to Ronald L. Davis, the Director of the US Marshals Services (USMS), Lummis articulated her apprehensions regarding the rationale and timing behind this sale. She argues that such a