South Korean financial watchdogs in Seoul have sounded an alarm regarding crypto lending and margin trading services recently introduced by major exchanges Upbit and Bithumb, citing concerns over high-leverage trading operations. The two exchanges, Upbit holding the position as Korea’s dominant crypto platform and Bithumb ranking second, collectively control the majority of the nation’s digital…
The Securities and Exchange Commission (SEC) has established new listing standards for cryptocurrency exchange-traded products that could clear the path for approximately a dozen major digital assets to gain ETF approval by October. The CBOE filing reveals that any cryptocurrency with futures contracts trading on designated markets for at least six months would automatically qualify…
A new White House report released by the President’s Working Group on Digital Asset Markets outlines the Trump administration’s vision for transforming the U.S. into a global leader in cryptocurrency and blockchain innovation. Today the White House is releasing its comprehensive report on digital assets, providing long-awaited regulatory clarity for innovators in a cutting-edge industry….
A cryptocurrency task force established by President Donald Trump is expected to release its long-awaited report on Wednesday, detailing the administration’s digital asset policy objectives. According to Reuters, this will be the group’s first public update and will reflect months of behind-the-scenes coordination to craft the White House’s stance on tokenization, crypto markets, and blockchain-based…
Indonesia has implemented sweeping crypto tax increases effective August 1, raising transaction taxes up to five times higher while doubling mining VAT rates, as the government seeks to capture more revenue from the booming $39.67 billion crypto market. According to Reuters, the new finance ministry regulation increases taxes on domestic crypto sales from 0.1% to…
The US Securities and Exchange Commission (SEC) has cleared the way for crypto ETFs to use in-kind creations and redemptions, a move industry participants say could make the fast-growing market more efficient and cost-effective. The regulator voted on July 29 to approve orders allowing authorized participants to create and redeem shares of Bitcoin and Ether…
This week, the crypto regulatory landscape was thrown into sharp relief as U.S. lawmakers and agencies issued new frameworks, reversed approvals, and closed long-running investigations. A clear message emerged: the U.S. is moving quickly to shape the next phase of digital asset oversight, with both Congress and federal agencies playing pivotal roles. GENIUS Act Draws…
The Securities and Exchange Commission (SEC) granted accelerated approval for Bitwise’s 10 Crypto Index ETF on July 22, only to reverse the decision hours later through a stay order. The approved ETF would have tracked ten digital assets, including Bitcoin, Ethereum, XRP, Solana, Cardano, SUI, Avalanche, Litecoin, Polkadot, and others, with at least 85% of…
CoinShares, one of Europe’s leading digital asset managers, has announced its French subsidiary, CoinShares Asset Management, has received authorisation under the Markets in Crypto-Assets (MiCA) Regulation. With this latest approval, CoinShares became the first regulated asset management firm in continental Europe to be authorised under MiCA. The MiCA authorisation adds to CoinShares’ existing regulatory approvals,…
The United States Department of Justice has allegedly dropped its investigation against Kraken founder Jesse Powell, a Tuesday report from Fortune claims. Jesse Powell Vindicated In DOJ Probe, Report Indicates According to the July 22 report, federal agents raided Powell’s home in 2023 stemming from a “management dispute” over the nonprofit Verge Center for the…