Regulation

Hungary is making strides in the financial sector by considering a legislative proposal that would allow banks, investment funds, and asset managers to offer services involving cryptocurrencies. This move, outlined in a report by Bloomberg Law, showcases Hungary’s alignment with the broader European trend towards embracing digital assets. If the bill is approved, traditional financial

Senator Elizabeth Warren has recently voiced her willingness to work with the crypto industry, but only under the condition that players within the industry adhere to regulatory standards comparable to those in traditional finance. In a Bloomberg interview on Feb. 27, Warren expressed her desire to collaborate with the industry, while also criticizing the industry’s

A group of Senate Republicans, led by Senator Ted Cruz of Texas, has recently initiated legislative efforts to limit the Federal Reserve’s ability to introduce a central bank digital currency (CBDC). This move has brought the issue to the forefront of discussions, potentially making it a significant topic in the upcoming 2024 presidential campaign. Senator

The Energy Information Administration (EIA) has made the decision to halt the controversial survey of crypto mining companies after facing legal action from the industry. The lawsuit, launched by Riot Platforms and the Texas Blockchain Council, names several governmental agencies and officials as defendants. This move highlights the growing tension between the government and the

The recent actions taken by government agencies under the Biden administration to collect data on Bitcoin mining firms have sparked significant concerns among industry stakeholders. House Majority Whip Tom Emmer highlighted the approval of a request from the Energy Information Administration (EIA) by the Office of Management and Budget (OMB) as an alarming development. Emmer

South Africa recently unveiled ambitious plans to integrate digital payments and cryptocurrency into its financial ecosystem, with a focus on uplifting marginalized groups and boosting the economy. The 2024 budget highlights the government’s commitment to building a digital economy through strategic partnerships between the public and private sectors. One of the key objectives outlined in

Ladan Stewart, a prominent figure in the US Securities and Exchange Commission, recently made headlines by stepping down from her position to join a pro-crypto law firm, White & Case. This move signifies a shift in the legal landscape surrounding cryptocurrencies and cyber defense practices. Stewart’s decision to leave her role as Regional Trial Counsel

Recently, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, made serious accusations against Binance. He claimed that the cryptocurrency exchange was manipulating the exchange rate for Nigeria and essentially taking over the role of the Central Bank of Nigeria (CBN). Onanuga called for action from the EFCC and the CBN to crack down

In a move to bolster innovation and protect consumers, the Hong Kong Monetary Authority (HKMA) recently introduced comprehensive regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. This initiative comes as a response to the rapid advancement in tokenization technologies and their increasing application in the financial sector. By setting

In a strategic step ahead of the upcoming general elections, the South Korea’s ruling party, the People Power Party (PPP), has unveiled its intentions to advocate for a further two-year postponement in the implementation of crypto taxation. This move was disclosed during a press conference on Feb. 19, where party officials highlighted the delay as