Cryptocurrency Market

  • Market Cap: $2,389,478,741,104.17
  • 24h Vol: $54,570,981,800.68
  • BTC Dominance: 56.58%

Regulation

blockchain-and-nation-state-infrastructure:-why-bother?

Blockchain and Nation-State Infrastructure: Why Bother?

We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain enthusiasts, we’ve long championed decentralization, transparency, and democratized access—the 2008 […]

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indian-court-reaffirms-legality-of-cryptocurrency,-grants-bail-to-yes-world-ceo

Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO

The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court

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coinzoom-operations-suspended-in-ohio-following-regulatory-examination

Coinzoom Operations Suspended in Ohio Following Regulatory Examination

The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new business. The suspension follows a multi-state examination revealing financial discrepancies. Coinzoom is seeking an administrative hearing to address the

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vivek-ramaswamy-predicts-trump’s-crypto-advantage-and-harris’-digital-asset-policy

Vivek Ramaswamy Predicts Trump’s Crypto Advantage and Harris’ Digital Asset Policy

Vivek Ramaswamy, a former presidential candidate, has predicted that former U.S. President Donald Trump will gain support from pro-bitcoin and pro-crypto voters while Vice President Kamala Harris will “scramble to come up with some phony ‘digital asset’ policy framework to pander to pro-crypto voters.” Trump has embraced a pro-crypto stance, pledging support at the recent

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finma-warns-stablecoins-threaten-swiss-financial-reputation

FINMA Warns Stablecoins Threaten Swiss Financial Reputation

The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuers as Financial Intermediaries The Swiss regulator, the Financial Market Supervisory Authority (FINMA), has recently

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senator-warren-calls-for-tougher-regulations-to-combat-national-security-risks-from-foreign-crypto-mines

Senator Warren Calls for Tougher Regulations to Combat National Security Risks From Foreign Crypto Mines

Senator Elizabeth Warren has called for stricter regulations to address the risks of foreign-owned cryptocurrency mining facilities in the U.S. She highlighted the environmental and national security threats, especially from Chinese-owned operations, and stressed the importance of stronger laws to regulate crypto mining and prevent foreign exploitation. Senator Warren Raises Concerns Over Foreign-Owned Crypto Mining

Senator Warren Calls for Tougher Regulations to Combat National Security Risks From Foreign Crypto Mines Read More »

russia-advances-cryptocurrency-mining-bill

Russia Advances Cryptocurrency Mining Bill

Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight. If passed, the law will take

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basel-committee-gives-permissioned-stablecoins-‘preferential-treatment’-in-amended-crypto-asset-standard-amidst-heavy-criticism

Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to

Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism Read More »

hong-kong-regulators-say-proposed-stablecoin-regulation-has-received-positive-stakeholder-feedback

Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback

Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin Regulatory Regime On July 17, Hong Kong regulators—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong

Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback Read More »

three-quarters-of-jurisdictions-partially-or-not-compliant-with-vasp-sector-recommendation,-says-fatf

Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF

Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. The FATF

Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF Read More »