Regulation

After a consultation period concluded in February, Hong Kong’s financial regulators reported that they received 108 submissions from a variety of stakeholders regarding the licensing program initiative for fiat-referenced stablecoin (FRS) providers. The majority of respondents agreed that a regulatory regime for FRS issuers was necessary due to the increasing popularity of digital assets in
Recently, Coinbase, Ripple, and Andreessen Horowitz (a16z) have revealed their plans to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC). This move demonstrates their commitment to advocating for policies that are favorable to the cryptocurrency industry. Politico reported on July 15 that these firms will first present their
In a recent development, South Korean lawmakers have put forth a bill to postpone the implementation of the crypto gain tax until 2028. This decision comes amid the prevailing negative sentiments surrounding the crypto industry. The ruling political party introduced the bill on July 12, highlighting concerns about the current investment sentiment towards virtual assets.
The Securities and Exchange Commission (SEC) recently announced the closure of its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This news comes after more than three years of scrutiny, with the investigation commencing following the first-ever SEC-qualified offering by Stacks in 2019. The Stacks ecosystem has been lauded for
The SEC recently closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action after more than three years. The investigation began following the first-ever SEC-qualified offering by Stacks in 2019, making it a significant chapter in the history of the Bitcoin Layer-2 network. Despite the initial scrutiny, the Stacks ecosystem has
Decentralized Autonomous Organizations (DAOs) have been gaining prominence in the world of blockchain technology as innovative platforms for collaborative decision-making and goal achievement. Essentially, DAOs are blockchain-based communities designed to work towards a common objective, whether it be investing in startups or acquiring historical artifacts. These entities are seen as the future of corporate governance