Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. After writing about the regulation and taxation of digital assets since 2017, I did not think I was ever going to get to write this article during my lifetime, especially together 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. A project can spend $500,000 on legal opinions, have a fully doxxed team, and pass every AML check in Singapore. It can still drain to zero in twelve seconds because of a…
Connecticut has taken action against several major trading platforms after finding that their sports-related markets crossed a legal line. Summary Connecticut ordered Kalshi, Robinhood, and Crypto.com to stop offering unlicensed sports event contracts. Regulators say the platforms lack age checks, security standards, and consumer protections required in the state. Kalshi challenged the order in federal…
U.K. authorities have passed a bill that recognizes digital assets like cryptocurrencies and stablecoins as property. Summary The U.K. has passed a new law formally recognizing digital assets like cryptocurrencies and stablecoins as personal property. The legislation introduces a third category of property, giving digital assets a clear legal status beyond traditional frameworks. The Property…
US Federal Deposit Insurance Corporation Chairman Travis Hill has confirmed that his agency will propose a new application framework for stablecoin issuers later this month. Summary The FDIC will propose a new application framework for stablecoins this month. Prudential rules covering capital and liquidity standards are expected early next year. FDIC is also preparing guidance…
Alt5 Sigma is facing fresh scrutiny after conflicting timelines in its SEC filings raised questions about how and when the company disclosed the resignation of its independent accountant. Summary Conflicting timelines in Alt5 Sigma’s SEC filings raise concerns over its auditor resignation and quarterly report delays. Separate date mismatches involving management changes add to scrutiny…
Ripple Labs has secured an expanded license from Singapore’s central bank, adding to its already strong regulatory foothold in the country. Summary Ripple received approval from the Monetary Authority of Singapore to expand the scope of its Major Payment Institution license. According to Ripple execs, the expanded license will allow it to better support institutions….
South Korea is pushing to finalize a new digital asset act by January, after ruling and opposition lawmakers agreed on a stablecoin framework that had stalled negotiations for months. Summary South Korea’s ruling and opposition parties agreed on a bank-led consortium model for issuing KRW stablecoins. Lawmakers set a Dec. 10 deadline for the government…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For decades, the U.S. dollar has been the backbone of global finance. Today, its newest champion may not be a central bank or bond market, but in fact a piece of code….
South Africa does not have a “strong immediate need” for a central bank digital currency (CBDC) for the time being, according to the country’s central bank. Summary South Africa’s central bank has concluded there is no strong immediate need for a retail CBDC. The central bank remains open to exploring retail CBDC use cases in…
