financial regulation

5 days ago

Stablecoin Yield Debate Intensifies as Banks Push Back Against Crypto Rewards

The ongoing debate around stablecoin yields sees banks opposing crypto rewards, arguing for the preservation of traditional banking practices.

2 weeks ago

UK FCA Develops Framework for Tokenized Gold with Major Banks

The UK FCA is collaborating with major banks to establish a framework for tokenized gold, aiming to enhance its use in financial markets.

2 weeks ago

CFTC Chairman Advocates for Innovation in $1.2 Quadrillion Derivatives Market

CFTC Chairman Michael Selig emphasizes the importance of innovation in the $1.2 quadrillion derivatives market while ensuring investor protections.

2 weeks ago

Nigeria Implements 1% Withholding Tax on Cryptocurrency Transactions

Nigeria's new tax framework mandates a 1% withholding on crypto transactions by exchanges and P2P platforms, with specific exemptions and duties outlined.

4 weeks ago

MiCA Compliance Costs May Fuel New Crypto M&A Activity in Europe

The end of MiCA transition highlights the future of crypto M&A in Europe as compliance costs rise, pushing smaller firms toward mergers and partnerships.

4 weeks ago

SEC Urged to Limit Third-Party Tokenized Stocks for Investor Protection

Industry groups are pressing the SEC to limit third-party tokenized stocks to protect investor rights and ensure accurate ownership records.

1 month ago

Piero Cipollone Raises Concerns Over Stablecoins Impacting Banking Sector

Piero Cipollone cautions about stablecoins potentially reducing bank deposits, affecting Coinbase and Circle stocks amidst ongoing legislative uncertainty.

1 month ago

Japan Reclassifies Cryptocurrency as Financial Asset, Leading to Tax Reductions

Japan's lawmakers reclassify crypto as a financial asset, transitioning to an investment framework and paving the way for future tax reductions.

1 month ago

Japan Enacts Law Classifying Cryptocurrencies as Financial Products

Japan has passed new laws recognizing cryptocurrencies as financial products, paving the way for lower taxes and stricter regulations.

1 month ago

Circle Gains Momentum with U.S. Trust Bank Approval

Circle has secured approval to establish a national trust bank, enhancing its role in the crypto industry amidst increasing federal oversight.