The Philippine Securities and Exchange Commission (SEC) has issued a warning against ten unregistered crypto entities and online platforms, including OKX, Bybit and Kraken. The regulator, on Monday, highlighted non-compliance issues in offshore crypto exchanges, warning the public against engaging with them. The ten crypto exchanges offered services to Filipinos without the required registration or…
United States Securities and Exchange Commission (SEC) head Paul Atkins doubled down on his commitment to ensuring the next wave of “financial innovation” happens on American soil in an August 4 X post. Paul Atkins Reaffirms U.S. Commitment to Crypto According to a Monday post published on Atkins’ official X account, the newly appointed SEC…
The Commodity Futures Trading Commission (CFTC) launched a “crypto sprint” to implement President Trump’s digital asset agenda, with Acting Chairman Caroline Pham announcing coordination with SEC Chairman Paul Atkins on “Project Crypto” initiatives. The regulatory acceleration follows the release of a 166-page White House report calling for America to become the “crypto capital of the…
Former British finance minister George Osborne has warned that the UK risks becoming irrelevant in the global crypto race unless it urgently reforms its approach. In an oped for the Financial Times, former UK chancellor accused the Labour government and the Bank of England of dragging their feet while international rivals surge ahead. Osborne served…
This week marked a turning point in U.S. crypto regulation, as both Congress and regulatory agencies moved forward with frameworks that could finally bring clarity to the digital asset space. With the SEC unveiling sweeping ETF reform and the White House publishing its long-awaited crypto policy report, America is sending a clear message: the U.S….
Key Takeaways: Hong Kong’s licensing regime could allow HKD- and CNY-pegged stablecoins to compete in Asian settlement markets dominated by the USD. Regulatory clarity may encourage institutional entry, but smaller firms could face high compliance costs under the new framework. Non‑USD stablecoin initiatives could test whether regional demand supports alternatives to dollar-backed assets in practical…
Indonesia’s annual crypto tax revenue jumped sharply in 2024, marking its highest level since the government introduced taxation on digital assets in 2022. According to officials from the Directorate General of Taxes, the country collected 620 billion rupiah (around $38 million) last year, a 181% rise from the 220 billion rupiah recorded in 2023. The…
US Senator Elizabeth Warren, alongside Senators Chris Van Hollen and Ron Wyden, has urged the nation’s top banking regulator to investigate potential conflicts of interest involving the Trump family’s cryptocurrency ventures. Key Takeaways: Senators are pressing the OCC over Trump’s potential financial conflicts tied to the stablecoin USD1. USD1, launched by a Trump-linked platform, is…
House Committee on Financial Services Chairman French Hill (R-AR) is urging the Senate to pass key digital asset legislation in a July 30 statement from the congressman following the White House’s publication of its long-awaited digital assets report. French Hill Urges Senators To Advance Crypto Market Structure Legislation According to the Wednesday statement, Hill is…
Securities and Exchange Commission (SEC) Chairman Paul Atkins announced the launch of “Project Crypto” on July 31, a comprehensive initiative designed to modernize securities regulations and allow America’s financial markets to move on-chain. The announcement came during a speech at the America First Policy Institute, where Atkins outlined plans to bring crypto asset distributions back…