In recent months, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has bolstered its efforts to enforce stringent regulations regarding Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF), particularly focusing on crypto ATMs. With around 1,200 crypto ATMs scattered across Australia, the watchdog’s growing concern stems from the alarming realization that only a fraction of registered crypto
Regulation
The cryptocurrency landscape has become increasingly complex, especially as traditional financial regulators grapple with how to best manage this often volatile market. A recent revelation regarding the Federal Deposit Insurance Corporation (FDIC) has ignited considerable debate within the industry. Letters from the FDIC, referred to as “pause letters” by Coinbase’s chief legal officer Paul Grewal,
In a recent statement, South Korea’s Financial Services Commission (FSC) dispelled rumors regarding the imminent launch of a roadmap for granting real-name cryptocurrency accounts to corporations and nonprofit organizations. This clarification comes after local media outlets, including the influential Hankyung, suggested that a detailed plan would be unveiled by the end of December. The potential
Circle’s recent achievement in becoming the first stablecoin issuer to comply with Canada’s updated listing requirements for its USD Coin (USDC) represents a pivotal moment in the ever-evolving landscape of cryptocurrency regulation. On December 4, CEO Jeremy Allaire publicly announced the milestone, underscoring USDC’s unique position among dollar-backed stablecoins as compliant with the stringent rules
In a crucial development for the US financial landscape, President-elect Donald Trump has officially nominated Paul Atkins as the chairman of the Securities and Exchange Commission (SEC). This announcement, made via a Trust Social post on December 4, highlights the administration’s commitment to addressing the evolving needs of financial markets and investors. Trump’s emphasis on
The ongoing evolution of regulatory frameworks surrounding cryptocurrency has captured the attention of various stakeholders, including lawmakers, industry leaders, and financial institutions. Recent statements from Representative French Hill have indicated a potential shift in scrutiny towards the actions of regulators who may be attempting to sideline cryptocurrency businesses from mainstream banking services. This could have
The Australian Securities and Investments Commission (ASIC) is currently embarking on a significant journey to refine its framework regarding cryptocurrency regulation. In an announcement made on December 4, ASIC indicated that it is seeking public input on proposed changes aimed at defining the status of various digital assets within the existing legal framework. This initiative
On December 1, the Missouri Senate introduced SB 194, marking a significant step in the state’s approach to financial sovereignty and digital currency regulation. This bill aims to prohibit the use of central bank digital currencies (CBDCs) as legal tender, specifically targeting public entities within Missouri. By explicitly stating that CBDCs cannot be accepted or
In a world increasingly driven by technology, Russian President Vladimir Putin has vocalized strong support for Bitcoin and digital currencies. During the Investment Forum held in Moscow on December 4, Putin proclaimed that these forms of currency are not only important but also inevitable in the global economic landscape. His assertions mark a significant turning
Grayscale Investments is making significant strides in the digital asset sector, as evidenced by its recent application to the US Securities and Exchange Commission (SEC). The firm seeks to reforge its Grayscale Solana Trust into a spot exchange-traded fund (ETF) under the ticker symbol GSOL. This strategic pivot aligns with Grayscale’s overarching goal to broaden