Regulation news · Page 31
Ripple's Legal Chief Advocates for CLARITY Act as a Driver for Job Creation in the U.S.
Ripple's Stuart Alderoty links the CLARITY Act to job growth, arguing it could boost the crypto industry and overall U.S. employment.
Iceland Voters Opt Against EU Membership, Maintaining Distance from MiCA Regulations
Iceland voters reject EU membership talks, keeping the nation outside MiCA crypto regulations and maintaining its EEA status amidst potential future changes.
UK Government Unveils First Tax Report on Crypto Gains, Identifies 240 Millionaires
The UK government reports 240 crypto millionaires declared over £1 million in capital gains, totaling £717 million in the 2024-25 tax year.
Schnabel Advocates for Integration of Central Bank Money into Blockchain Systems
ECB's Isabel Schnabel emphasizes the need for central bank money on blockchain, highlighting the superiority of reserves over stablecoins in financial stability.
Tax Investigations Intensify Challenges for Swedish Data Centers Transitioning to AI
Swedish tax authorities are scrutinizing crypto miners' VAT claims, forcing a shift towards AI services amid rising tax challenges and investigations.
Vietnam's Crypto Market Readies for Launch with Five Firms Passing Initial Evaluation
Vietnam has cleared five firms through the initial crypto exchange review, progressing towards its digital asset market pilot.
Sberbank Set to Introduce Crypto-Backed Loans with Bitcoin, Ethereum, and USDT
Sberbank plans to offer loans backed by Bitcoin, Ethereum, and USDT, pending regulatory approval from the Bank of Russia. Learn more about their crypto lending plans.
Community Banks Oppose CLARITY Act, Urging Complete Ban on Stablecoin Yield
Community bankers demand a complete ban on stablecoin rewards, emphasizing the risks to local lending and the banking system due to potential deposit flight.
INTERPOL's Operation Jackal IV: A Global Response to Financial Crime Lands 58 Arrests and Millions Seized
INTERPOL's Operation Jackal IV led to 58 arrests across 22 countries, targeting crypto scams and romance fraud, seizing $2.67 million in illicit funds.
Russia's Monitoring of 2,600 Crypto Wallets Contradicts Sanction Evasion Strategy
Russia blacklists 2,600 crypto wallets as the Bank of Russia builds a surveillance system to monitor crypto while circumventing Western sanctions.
SEC's New Framework for Crypto Funding: Is It Too Little, Too Late?
The SEC's new proposal allows crypto projects to raise up to $75 million annually, but many in the industry see it as irrelevant and outdated.
BIS Raises Alarm on Stablecoins' Viability for Major Transactions
BIS chief Pablo Hernández de Cos criticizes stablecoins as untrustworthy for scalable payments, favoring tokenized bank deposits as a better option.
Tusk Calls for Re-Vote on Crypto Legislation Amid Zondacrypto Crisis
Polish PM Donald Tusk calls for a re-vote on the Crypto-Asset Market Act following the Zondacrypto scandal, highlighting urgent need for regulation.
UK Enhances Bank of England’s Role to Promote Digital Payment Innovations Through Stablecoins
The UK is expanding the Bank of England's mandate to focus on innovation in digital payments, including stablecoins, while maintaining financial stability.
Navigating the CLARITY Act: Regulatory Framework for Digital Assets and Operational Challenges
The CLARITY Act aims to clarify SEC and CFTC roles in regulating digital assets while addressing operational gaps in capital market practices.
Radosław Piesiewicz, Head of Polish Olympic Committee, Arrested Amid Zondacrypto Fraud Investigation
Polish Olympic Committee President Radosław Piesiewicz detained amid a probe into cryptocurrency fraud linked to collapsed firm Zondacrypto.
CFTC's Urgent Alert on Crypto ATM Scams Amid Rising Fraud Losses
The CFTC warns about crypto ATM fraud as losses soar to $388 million, urging vigilance against scams driven by fake government representatives.
Evernorth Secures SEC Approval for SPAC Merger, Aiming for Nasdaq Entry with XRP
The SEC has approved Evernorth's merger with Armada Acquisition Corp II, enabling its upcoming Nasdaq listing under XRPN and promoting XRP treasury management.
Exploration of Stablecoins Grows Among Major Banks Including Bank of America and Wells Fargo
Major banks like Bank of America and Wells Fargo are moving towards launching their own stablecoins, shifting from earlier resistance in the payments market.
UK Taxpayers Report £1.38 Billion in Crypto Gains as Authorities Ramp Up Oversight
UK taxpayers report £1.38B in crypto gains, with 240 investors declaring over £1M each in the 2024-25 tax year, as HMRC updates reporting practices.
