(source: en.wikipedia.org)
Crypto exchanges and users are set to be impacted by the July 1 deadline for compliance with Europe’s Markets in Crypto-Assets Regulation (MiCA), according to multiple media reports. NewsBTC reported Monday (June 15) that crypto service providers that are not properly licensed in the MiCA...
There’s a battle brewing over blockchain finance. Banks view stablecoins as a new form of private money that lacks the stabilizing infrastructure developed around banking over the past century. Stablecoin advocates counter that many of those protections emerged only after innovation occurred, and that competition...
There’s something rare happening across the digital asset landscape: it’s quiet. The sector’s typical drumbeat of disruptive headlines has been dampened by bitcoin’s sinking price and the broader crypto market’s ongoing contractions, while the institutional side of blockchain remains stuck in a wait-and-see standstill as...
Regulating new technology has never been as easy as it is necessary. And U.S. federal banking agencies gave stablecoin regulation their strongest shot during the recent rulemaking period for the federal GENIUS Act’s implementation. On Tuesday (June 9), the comment period for the Federal Deposit Insurance...
A bill introduced Thursday (June 11) in the U.S. House would create a federal task force to combat crypto theft and support victims. The Federal Cryptocurrency Theft Enforcement and Coordination Act was introduced by Reps. Lance Gooden, R-Texas, and Josh Gottheimer, D-N.J., according to a...
The debate over stablecoin regulation has always had a deeper question underneath it. Do blockchain-based payment systems become an extension of the banking sector or remain permanently adjacent to it? The Federal Deposit Insurance Corp.’s proposed GENIUS Act framework may not answer that question, but...
The New York State Department of Financial Services (DFS) announced a proposed regulation that would harmonize its stablecoin framework with new federal regulations. The proposed regulation would add provisions to ensure alignment with the U.S. Treasury Department’s proposed requirements for state frameworks to be certified...
Convicted cryptocurrency fraudster Sam Bankman-Fried is asking the White House for a post-prison pardon. The former FTX CEO is seeking a “Pardon after Completion of Sentence,” according to a notice on the Department of Justice’s Office of the Pardon Attorney website. Bankman-Fried is serving a...
Coinbase is reportedly introducing a payment card in collaboration with stablecoin-backed credit card FinTech Cardless. The card is designed for stablecoin holders unable to obtain cards via traditional channels, Cardless Co-founder Michael Spelfogel said in an interview with CoinDesk Tuesday (June 9). Secured by Coinbase’s stablecoins, the cards are...