U.S. regulators are increasing oversight on digital asset custodians to curb systemic risks, with Fortress Trust being the latest victim. Summary Nevada ordered Fortress Trust to cease operations over solvency risks. The case mirrors the 2023 Prime Trust collapse involving the same founder. Regulators tighten crypto custody rules, raising pressure on small firms. Nevada regulators…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The CEOs of crypto companies led the applause when Donald Trump signed the GENIUS Act on July 18, and many even attended the signing of the Act. I did not applaud because…
Revolut has obtained a critical MiCA license from Cypriot regulators, ensuring the continuity and expansion of its crypto services for millions of users across the European Union. Summary Revolut has secured a MiCA license from Cyprus, allowing it to offer crypto services across all EU member states. The fintech now counts 14 million active crypto…
Russia’s stance on digital assets is evolving as policymakers seek to balance economic strategy with tighter oversight of a rapidly growing crypto market. Summary Russia’s finance ministry and central bank have reportedly agreed to legalize cryptocurrency use for foreign trade payments. The move formalizes activity that has already seen Russian entities use digital assets like…
On Oct. 20, 2025, Paul Grewal, Coinbase’s chief legal officer, took to X to urge the U.S. government to fight cryptocurrency-related crimes using blockchain. “When bad guys innovate in financial crime, good guys need innovation to keep pace,” said Grewal. He shared an open letter he penned on behalf of Coinbase, providing the government with…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3 has long promised to democratize access to financial systems, offering programmable money and financial sovereignty to users worldwide. Yet to the everyday user, the day-to-day experience remains unnecessarily complicated compared to…
Regulators in British Columbia are looking to pass legislation that seeks to permanently ban new cryptocurrency mining projects from connecting to the provincial power grid to prioritize connections for other purposes. Summary British Columbia will permanently ban new crypto mining projects from connecting to the provincial grid under proposed legislation. The province is prioritising electricity…
South Korea’s FSC plans to prohibit interest payments on stablecoins, aiming to protect financial stability while fostering innovation in digital assets, with a new crypto law expected by the end of 2025. Summary South Korea will prohibit stablecoin holders from earning yield, following global trends like the U.S. GENIUS Act. Banks will lead stablecoin issuance,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The greenback has long played a starring role in the stablecoin market, but for how long can it hold on? Many of my peers see the dollar as untouchable. Still, governments around…
New York City’s mayoral hopeful, Andrew Cuomo, has outlined emerging technologies like cryptocurrencies, Artificial Intelligence, and Biotech as a key pillar for his comeback run. Summary Andrew Cuomo has proposed appointing a Chief Innovation Officer and forming an Innovation Council to promote crypto. Cuomo faces frontrunner Zohran Mamdani, who has previously called for tighter crypto…
