(source: en.wikipedia.org)
Hong Kong-based stablecoin issuer First Digital says it is ready for its stock market debut. The Nasdaq listing is designed to help First Digital fund the expansion of Finance District, “ecosystem for the agentic economy,” the company said in a Wednesday (Oct. 7) news release. Vincent Chok, First...
The Commodity Futures Trading Commission is moving to establish a federal regulatory framework for cryptocurrency exchanges after Congress failed to enact legislation that would have set market structure rules for much of the digital asset industry. The CFTC published Monday (Oct. 5) an advance notice...
Federal regulators have introduced a new proposal designed to regulate digital asset markets and transactions. The Commodity Futures Trading Commission (CFTC) introduced a proposal Monday (Oct. 5) for a regulatory framework governing retail transactions involving crypto assets (CTXs), and said it is seeking public comment on the proposed...
Stripe plans to expand its stablecoin cards business to over 100 countries by the end of the year, CoinDesk reported Monday (Oct. 5), citing its interview with the company’s new cryptocurrency head, Henri Stern. Stern is the CEO and co-founder of Privy, a crypto wallet...
The Financial Crimes Enforcement Network (FinCEN) has withdrawn two rules proposed years ago that would have imposed certain regulatory requirements on financial institutions’ handling of convertible digital assets. FinCEN said in a Monday (Oct. 5) press release that it withdrew the proposals after considering public...
Last month, the Senate failed to advance the Clarity Act, a bill designed to establish a regulatory framework for cryptocurrency. And as CoinDesk reported Sunday (Oct. 4), there is a shrinking window for lawmakers to pass the law this year, leaving regulatory bodies to fill...
California has barred public officials and government employees from issuing meme coins and prohibited digital asset platforms from listing certain tokens associated with public officials. The new measures extend the state’s broad effort to regulate cryptocurrency while Congress continues to debate a federal framework. Gov....
Illinois has reportedly agreed to postpone implementing a new tax on crypto transactions. The tax, the first state levy of its kind in the country, imposes a 0.2% duty on crypto when it is exchanged, transferred or stored. But as CoinDesk reported Thursday (Oct. 1),...
Citigroup has reportedly hiked its 12-month forecasts for bitcoin and ether as cryptocurrency activity picks up. The brokerage raised its target for bitcoin from $82,000 to $113,000, and its forecast for ether from $2,240 to $3,028, Reuters reported Thursday (Oct. 1), citing a note from...