Banco de Portugal Governor Calls for Global Cryptocurrency Regulation Framework

Mário Centeno, the Governor of Banco de Portugal, has joined the growing number of regulators advocating for a global framework to regulate cryptocurrencies effectively. In his opening speech at the 2023 Banco de Portugal Financial Stability Conference on October 2, Centeno emphasized the need for i ...

India Crafts Comprehensive Cryptocurrency Regulatory Framework: What You Need to Know

India is currently in the process of crafting a comprehensive cryptocurrency regulatory framework. This framework is being developed based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB). Unlike the previous consideration of an outright b ...

CFTC Commissioner Calls for Comprehensive Regulation of Cryptocurrency Clearing Organizations

This idea was expressed by Commissioner Christine Johnson She believes all clearing organizations should be subject to the same rules The CFTC's Division of Clearing and Risk (DCR) has issued a formal warning to DCOs regarding the risks of cryptocurrency. More ...

University of Nicosia Collaborates with Aleph Zero for Blockchain Research and Education

University of Nicosia announced a collaboration with blockchain platform Aleph Zero to conduct research and organize educational seminars on blockchain. Aleph Zero co-founder Antoni Żółciak said the platform has awarded the university a grant to conduct blockchain researc ...

ECB to Begin CBDC Tests this Summer, with Potential Launch in Three to Four Years

This was announced by ECB Executive Board member Fabio Panetta He noted that the regulator will move to CBDC tests as early as this summer The ECB held its 25th anniversary ceremony in Frankfurt last week, May 24. As part of the event, a member of the executiv ...

Kenya sees no reason to integrate CBDC, unlike other countries in Africa

The level of acceptance among the public will be extremely low The Central Bank proposes a study on the real demand for cryptocurrencies After that, the regulator and government promise to consult on a regulatory framework for the industry The Kenyan ...

Stablecoin Issuers Spend Millions Lobbying for Cryptocurrency Legislation in the United States

Stablecoin issuers, including Tether and Circle, have spent more than $1.3 million lobbying for cryptocurrency legislation in the United States since the beginning of 2022. Stablecoins have recently become the focus of U.S. lawmakers trying to develop a regulatory framework ...

France Welcomes Cryptocurrency Companies Amidst Regulatory Uncertainty

Cryptocurrency companies that move away from the uncertainty of U.S. regulation will be welcomed in France, local officials said. "In France, we are proud to be pioneers of the crypto-asset industry," said Benoît de Juvigny, secretary general of the F ...

EU Council Approves Crypto Regulations and DAC8 Amendment, Enhancing Ratification Prospects

This significantly increases the chances of ratifying the bill in its original format The EU Council also approved an amendment to the Administrative Cooperation Directive These are designed to address the problem of cryptocurrency capital gains tax non-payers ...

European Union Considers Imposing Stricter Regulations on Cryptocurrency Companies

Besides NFTs could tax foreign companies Law to be agreed in a week The European Union may introduce a law that would force cryptocurrency companies to provide detailed information about their customers' assets. Also, cryptocurrencies will be required to regis ...

Coinbase Sues SEC for Failure to Respond to Petition Regarding Crypto-Asset Regulation

In July 2022, Coinbase filed a petition with the SEC demanding a clear response regarding regulation of digital assets. In the past months, the Commission has never responded to this request. The company now intends to seek judicial review of the request. In its petition, Coinbase calls for "p ...

US Democratic Lawmakers Criticize Stablecoin Regulation Bill

The stablecoin regulation bill has come under fire from Democratic lawmakers in the United States, who are concerned that the lack of a clear regulatory framework may lead to stablecoin issuers seeking out other jurisdictions. The bill, which was created in 2022 by Republican Patrick McHenry of N ...

Bank of England Governor Discusses Prospects for Central Bank Digital Currencies and Stablecoins

Bank of England Governor, Andrew Bailey, has emphasized the importance of creating a clear legal framework for central bank digital currencies and stablecoins. Bailey stated that central bank digital currencies will become a significant part of the financial system, but they should not replace tr ...

Investment Bank Citi Predicts 80x Growth of Tokenized Assets Market by 2030

Citi investment bank analysts predict a significant growth in the tokenized assets market, with an estimated increase of 80 times by 2030, which could result in a total market value of $4 to $5 trillion. The findings are published in a report titled "Money, Tokens, and Games," which indicates tha ...

Beaxy Crypto Platform Charged by SEC for Illegal Activities

The Securities and Exchange Commission (SEC) in the United States has filed charges against the cryptocurrency platform Beaxy for engaging in brokerage and clearing activities without proper registration. Additionally, Beaxy is accused of conducting an illegal securities offering, which raised $8 ...

Hong Kong’s Crypto-Friendly Policies Attracting Cryptocurrency Firms

According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...