South Korea’s Financial Services Commission (FSC) recently addressed speculation regarding the creation of a roadmap for real-name crypto accounts dedicated to corporations, including various public and nonprofit organizations. This firm denial was communicated in a press release issued on December 4, directly countering local media claims that suggested the FSC was set to unveil a
Regulation
In a significant development for the crypto ecosystem, South Korea’s Democratic Party has announced a two-year delay on the implementation of cryptocurrency taxation laws. This decision comes amid ongoing debates surrounding the regulation of digital assets in this tech-savvy nation, which has seen a surge in crypto participation among its citizens. As of 2024, nearly
Circle’s USD Coin (USDC) has achieved a significant regulatory milestone as the first stablecoin to comply with Canada’s new listing standards. This development, announced by Circle’s CEO Jeremy Allaire on December 4, highlights the growing importance of regulatory compliance in the cryptocurrency space. The new regulations, established by the Ontario Securities Commission (OSC) and the
In a striking assertion, Russian President Vladimir Putin has declared Bitcoin and other digital currencies as imperative for the future of global finance. Speaking at the Investment Forum in Moscow on December 4, he emphasized the potential of Bitcoin in mitigating financial inefficiencies and promoting economic stability while positioning it as a possible global reserve
The cryptocurrency industry has experienced a rollercoaster ride in recent years, not only due to market volatility but also in reaction to the regulatory landscape surrounding it. A recent hearing held by the House Financial Services Committee has brought renewed attention to the difficulties that crypto businesses face in accessing traditional banking services. Representative French
The nomination of Paul Atkins as the new chairman of the U.S. Securities and Exchange Commission (SEC) heralds a pivotal moment in the ongoing evolution of financial regulation in the United States. President-elect Donald Trump, via a post on Trust Social, underscored the significance of Atkins’ acknowledgment of digital assets, positioning him as a forward-thinking
The Australian Securities and Investments Commission (ASIC) has taken significant strides towards reforming its regulatory framework for digital assets. Through a recent announcement made on December 4, 2023, ASIC is seeking public insights on its proposed changes, signaling an important shift in how the agency intends to approach the evolving landscape of cryptocurrency and digital
In the ever-evolving landscape of digital finance, Grayscale Investments has made a significant move by submitting a proposal to convert its Grayscale Solana Trust into a spot exchange-traded fund (ETF). This ambitious step comes as the firm seeks regulatory approval from the U.S. Securities and Exchange Commission (SEC). If this transformation is approved, the proposed
On December 1, 2023, the Missouri Senate presented Senate Bill 194 (SB 194), a significant legislative initiative aimed at banning the use of central bank digital currencies (CBDCs) as legal tender in the state. This bill is not merely an act of disapproval but represents a comprehensive framework designed to reshape the financial landscape of
As the dust settles after the recent elections, anticipation surrounds the potential appointment of a new chair for the U.S. Securities and Exchange Commission (SEC). President-elect Donald Trump’s choice, Paul Atkins, comes with a mix of expectations and apprehensions. While Atkins has been identified as a frontrunner for the position, reports suggest that he might
