Regulation — Page 89

Pakistan Eyes Blockchain for Cheaper, Faster Remittances Amid Crypto Boom

BBVA (BME:BBVA), one of Spain’s largest banks, has received regulatory approval to provide Bitcoin (BTC) and Ethereum (ETH) trading services in the country. The bank announced on Monday that Spain’s securities regulat…

WASHINGTON, D.C. — In a historic first, President Donald Trump assured the crypto industry of strong support during a White House summit, signaling a shift in Washington’s stance on digital assets. Addressing industry…

The Office of the Comptroller of the Currency (OCC) has clarified that federally regulated banks can engage in cryptocurrency activities without seeking prior approval. This update, issued in a new interpretive letter…

Coinbase (NASDAQ: COIN) set the crypto world abuzz with a cryptic two-word tweet: "Big day." The timing is particularly intriguing, coming just after a historic executive order formally recognizing Bitcoin as a U.S. r…

U.S. and European authorities have shut down Garantex, a Moscow-based cryptocurrency exchange accused of processing nearly $100 billion in transactions, much of it allegedly tied to criminal and terrorist organization…

The U.S. government is set to conduct an audit to determine the exact amount of cryptocurrency it holds, following the establishment of a Strategic Bitcoin Reserve and a separate stockpile of digital assets. A senior …

The crypto industry’s fight against debanking has gained a major ally in U.S. Senator Tim Scott, who is spearheading a bill to prevent federal banking regulators from using "reputational risk" as a reason to cut off f…

Several U.S. states are advancing efforts to allocate public funds into cryptocurrencies, following President Donald Trump’s endorsement of a federal crypto reserve. Texas is emerging as a leader in this movement, wit…

President Donald Trump has directed the creation of a Bitcoin Strategic Reserve, storing seized assets in what’s being dubbed a “digital Fort Knox.” This initiative, led by Trump’s crypto czar David Sacks, ensures Bit…

Belarusian President Aleksandr Lukashenko has signaled interest in cryptocurrency mining, citing the country's surplus electricity. Speaking with Energy Minister Alexei Kushnarenko, Lukashenko suggested that if mining…

El Salvador, under President Nayib Bukele, remains committed to buying Bitcoin despite securing a deal with the International Monetary Fund (IMF). Contrary to speculation that the agreement might halt its Bitcoin stra…

Singapore is considering harsher penalties, including caning, for crypto fraud as authorities crack down on financial crimes. Minister of State for Home Affairs Sun Xueling revealed that stricter punishments are under…

Brendan Gunn, brother of Australian breakdancer Rachael "Raygun" Gunn, has been charged by the Australian Securities and Investments Commission (ASIC) for his role in an alleged crypto fraud scheme. ASIC accused Gunn …

In a major win for the crypto industry, the U.S. Senate voted 70-27 to repeal the Biden administration’s IRS broker rule, which sought to expand tax reporting requirements to decentralized finance (DeFi). The resoluti…

Executives from major crypto firms, including Coinbase, Chainlink, and Exodus, will meet with U.S. President Donald Trump at the first White House crypto summit on Friday.

David Sacks, President Donald Trump’s crypto and AI czar, is under scrutiny over potential financial benefits from Trump’s proposed U.S. strategic crypto reserve. Announced on Sunday, the initiative would see the gove…

El Salvador, under President Nayib Bukele, remains steadfast in its bitcoin (BTC) accumulation strategy despite the International Monetary Fund’s (IMF) restrictions. Bukele reaffirmed this stance on X, rejecting claim…

The U.S. Securities and Exchange Commission (SEC) has dropped its enforcement case against Cumberland DRW, the crypto trading arm of Chicago-based DRW, in a major policy reversal under Acting Chair Mark Uyeda. The cas…

The U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its lawsuit against Kraken, marking a major win for the cryptocurrency industry. The decision, which includes no penalties or busine…

The U.S. Securities and Exchange Commission (SEC) has named crypto lawyer Mike Selig as chief counsel for its newly formed Crypto Task Force. Selig, a former partner at international law firm Willkie Farr & Gallagher,…

Cryptocurrencies surged Sunday after U.S. President Donald Trump fulfilled a campaign pledge to establish a U.S. Crypto Reserve, boosting investor confidence.

Roger Ver, an early Bitcoin investor once dubbed “Bitcoin Jesus,” is facing a potential life sentence after being indicted for alleged tax fraud. The case has sparked widespread criticism, with many in the crypto indu…

U.S. President Donald Trump will host a high-profile crypto summit at the White House on March 7, aiming to shape digital asset policies. White House Crypto and AI Czar David Sacks and Bo Hines, head of a working grou…

Senator Cynthia Lummis believes a U.S. Bitcoin reserve could take longer than crypto supporters expect, suggesting that states might establish Bitcoin strategic reserves before the federal government. Speaking at a Ne…

Several U.S. states are racing to invest public funds in cryptocurrencies before the federal government establishes a strategic digital assets reserve. However, efforts in Pennsylvania, Wyoming, Montana, South Dakota,…

Coinbase has secured a major victory as the U.S. Securities and Exchange Commission (SEC) officially dismissed its lawsuit against the crypto exchange. The move, following a formal vote by SEC commissioners, prevents …

China maintains strict crypto regulations while embracing blockchain, banning trading but building infrastructure. However, with Hong Kong offering regulated crypto markets, a potential loophole is emerging.

The SEC’s Division of Corporation Finance has clarified that most meme coins do not qualify as securities under federal law. Meme coins, inspired by internet trends, characters, and social movements, are primarily tra…

Texas is moving closer to becoming a leader in state-backed cryptocurrency reserves after the Senate Business and Commerce Committee unanimously passed Senate Bill 21 with a 9-0 vote. The bill now heads to the full Se…

Stablecoins and crypto regulation took center stage at a Senate Banking Committee hearing, marking a key step toward a legislative framework for digital assets. Chaired by Wyoming Senator Cynthia Lummis, a strong cryp…

The U.S. House of Representatives has taken a key step to overturn an IRS rule that imposes strict tax reporting on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 in favor of a …

The FBI has identified North Korea as the culprit behind the massive $1.5 billion cryptocurrency theft from ByBit, a major crypto exchange. The agency attributed the attack to the "TraderTraitor" hacking group, known …

The U.S. Securities and Exchange Commission (SEC), the Tron Foundation, and Justin Sun have jointly requested a federal judge to pause the regulator’s lawsuit against Sun and his company. The motion, filed Wednesday, …

The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Gemini, but Gemini co-founder Cameron Winklevoss isn’t letting it go.

Bank of America is prepared to launch its own U.S. dollar-backed stablecoin if lawmakers approve necessary legislation, CEO Brian Moynihan said in an interview at the Economic Club of Washington, D.C.

OKX, one of the largest cryptocurrency exchanges, has settled with the U.S. Department of Justice (DOJ) over allegations of operating without a money transmitter license. The exchange’s affiliate, Aux Cayes FinTech Co…

U.S. authorities have seized approximately $31 million in cryptocurrency linked to the 2021 Uranium Finance hack, according to the Southern District of New York (SDNY). The recovery was part of a joint operation betwe…

The U.S. government has initiated a civil forfeiture action to seize cryptocurrency assets linked to a wire fraud and money laundering case. The seized digital assets, confiscated from a Binance account in October 202…

Japan’s Financial Services Agency (FSA) has approved new regulations to strengthen stablecoin collateral management and improve user protection in the cryptocurrency sector. This move follows growing concerns over dig…