In a significant development for the cryptocurrency exchange sector, Gemini has announced that it has gained in-principle approval from the Monetary Authority of Singapore (MAS) to provide services related to cross-border money transfers and digital payment tokens. This announcement, made on October 29, marks a pivotal moment for the platform, which is spearheaded by the
Regulation
In a rapidly evolving digital landscape, the Satoshi Action Fund is spearheading a movement to secure state-level protections for Bitcoin self-custody, drawing parallels to the cannabis industry which has successfully navigated complex federal regulations. The initiative seeks to establish “safe haven” states where Bitcoin users can confidently engage with their digital assets, free from federal
In a significant step towards enhancing the oversight of digital asset transactions, South Korean authorities are gearing up to implement regulations aimed at cross-border crypto activities. Set to take effect in late 2025, these measures are designed to establish stringent registration and reporting requirements for businesses involved in digital asset facilitation. The Ministry of Finance
Recent reports alleging that Tether, a leading stablecoin issuer, is the subject of a federal investigation have been categorically dismissed by the company and its CEO, Paolo Ardoino. The stir was sparked by a Wall Street Journal article suggesting that prosecutors in Manhattan were probing the firm. In a robust rebuttal, Ardoino described the information
In a significant move for the cryptocurrency landscape, the Netherlands has initiated a public consultation process aimed at shaping new regulations governing crypto ownership and taxation. Announced on October 24, this initiative seeks to address the growing concerns surrounding tax evasion related to digital assets. By soliciting input from both the public and crypto service
The landscape of cryptocurrency taxation is undergoing significant changes in Denmark, reflecting a broader global trend towards increased regulation of digital assets. With the proposal to tax unrealized gains on cryptocurrencies at a staggering 42%, Denmark aims to align these digital assets with its established financial regulations. This shift underscores a growing recognition of cryptocurrencies
Over recent weeks, a significant shift has emerged in the global regulatory landscape regarding cryptocurrencies, particularly Bitcoin. High-profile researchers and economists are now advocating for strict measures against Bitcoin, prompting heated debates within the financial community. This article examines the implications of these recommendations, the reasoning behind them, and their potential impact on the broader
In an unprecedented move to combat the rising tide of cryptocurrency-related crimes, the United States and Nigeria have established a Bilateral Liaison Group, as announced on October 23. This collaboration marks a focused effort by both countries to not only strengthen their legal mechanisms against cybercrime but also to adapt to the evolving landscape of
In recent months, Indian financial regulators have been deliberating over the potential ban of private cryptocurrencies such as Bitcoin, turning instead to the promise of central bank digital currencies (CBDCs). This discourse is not merely academic; it reflects a growing recognition of the need for more stable and inclusive financial systems, particularly in a nation
As the financial landscape evolves, Hong Kong is taking decisive steps towards establishing itself as a global leader in virtual asset trading and digital financial services. Recent statements from Christopher Hui, the Financial Secretary for Services and the Treasury, highlighted this strategic focus at the Asia-Pacific Fintech Innovation Lab 2024. By actively promoting central bank
