The GENIUS Act grew to become legislation on July 18 after Congress settled that stablecoins ought to be regulated. What occurs subsequent is a two-year rulemaking battle that determines whether or not $250 billion in present stablecoins flows into bank-wrapped buildings or fragments into offshore silos, and whether or not Bitcoin and Ethereum seize the…
Japan’s Financial Services Agency (FSA) at this time unveiled two vital measures to advance the nation’s cryptocurrency sector. The monetary regulator is backing a stablecoin proof-of-concept with high banks. Meanwhile, proposals are being launched for enhanced rules on crypto lending and preliminary trade choices (IEOs). Major Japanese Banks Unite for Stablecoin Trials On November 7,…
The Central Bank of Ireland (CBI) has fined Coinbase Europe Limited €21.46 million for main anti-money-laundering (AML) and counter-terrorist-financing (CTF) monitoring failures. The nice marks the primary enforcement motion in opposition to a crypto firm in Ireland and highlights rising regulatory scrutiny on digital asset exchanges. Coinbase Accused of Anti-Money Laundering Failures The CBI found…
Fourteen of Europe’s main banks are pushing again towards the European Central Bank’s plan for a digital euro. They argue the venture may weaken non-public cost methods forward of essential parliamentary discussions in Brussels this week. Lawmakers at the moment are calling for a scaling again of the initiative, arguing that it lacks clear advantages…
France’s proposed “unproductive wealth” tax has raised eyebrows amongst crypto buyers, however most gained’t be affected. By lifting the taxable threshold to €2 million, the measure targets solely the ultra-wealthy. Every day crypto holders will stay outdoors its attain. Its actual influence lies not in new tax burdens however in how France is redefining digital…
Zohran Mamdani’s decisive victory in New York City’s mayoral race marks a possible turning level for the crypto business. The 34-year-old democratic socialist defeated former Governor Andrew Cuomo, whom President Donald Trump reluctantly endorsed over his “communist” rival. Meanwhile, crypto prediction markets accurately predicted Mamdani’s win with 92% accuracy. However, his victory alerts tighter regulation…
Tokyo-listed gaming firm Gumi introduced its exploration of blockchain-based prediction market providers by its subsidiary Gc Labs, becoming a member of a wave of regional gamers coming into the sector. The announcement comes as Trump Media and Technology Group revealed plans to combine prediction markets into its Truth Social platform. In addition, a number of…
Kraken has joined a pilot program for Eightco’s INFINITY authentication platform, addressing challenges associated to regulatory compliance and AI-enabled fraud. The change has not disclosed the pilot’s length or analysis standards. Exchanges Face Evolving Compliance Requirements Kraken maintains 12 regulatory registrations and licenses, together with Money Services Business registration with FinCEN within the US and…
Thai authorities arrested a Chinese nationwide in Bangkok regarding a cryptocurrency Ponzi scheme that defrauded almost 100 buyers of over $31 million. The arrest marks a big improvement in a case that turned one among 2023’s largest decentralized finance exit scams. How the Crypto Ponzi Scheme Operated On Wednesday, Liang Ai-Bing, one among 5 suspects…
After some preliminary confusion, it appears confirmed that Bitwise and Canary Capital’s Solana and HBAR ETFs will start buying and selling tomorrow. This may additional open the world of altcoin ETFs. So far, uncertainty concerning monetary regulators and macroeconomic conditions have left the state of affairs ambiguous. Neither token has posted a value rally, regardless…