The recent suspension of South Korea’s central bank digital currency (CBDC) pilot marks more than just a bureaucratic delay; it symbolizes a fundamental turning point in the nation’s approach to digital finance. While the Bank of Korea (BOK) initially championed a state-led, two-tier CBDC system aimed at modernizing interbank and retail transactions, mounting financial and
Regulation
America’s current tax regime on cryptocurrencies reveals a glaring flaw that impedes the sector’s expansion — the punitive double taxation of mining and staking rewards. Senator Cynthia Lummis has rightly identified that miners and stakers are unjustly taxed twice: first when they receive block rewards as ordinary income, and second when these assets are sold,
Recent declarations by the Financial Action Task Force (FATF) paint an ostensibly positive picture of global efforts to regulate virtual assets, yet a deeper dive reveals a troubling disconnect between legislative intent and real-world enforcement. While it is noteworthy that nearly three-quarters of countries have adopted laws incorporating the Travel Rule—requiring cryptocurrency transfers to carry
In an era where regulatory frameworks are crucial for the stability and growth of digital assets, Kraken has accomplished a remarkable feat by becoming the first major global cryptocurrency exchange to obtain a full Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland. This critical milestone isn’t merely a bureaucratic achievement; it’s a
In a surprising yet pivotal move, the Federal Housing Finance Agency (FHFA) under Director William J. Pulte has opened the door for cryptocurrency to become a legitimate asset in the realm of single-family mortgage loans managed by Fannie Mae and Freddie Mac. This decision, effective immediately as of June 25, represents not merely a regulatory
The recent unveiling of a seven-point framework by the Senate Banking Committee marks a pivotal step forward in the regulation of digital assets in the United States. This framework emerged from a hearing held on June 23, where prominent voices from the digital economy urged lawmakers to act decisively in establishing clear and enforceable guidelines
In a daring and visionary step, Texas has seized the initiative in the world of cryptocurrency by establishing its own Bitcoin reserve funded by taxpayer dollars. This momentous decision arises during an era when the federal government remains in the throes of uncertainty regarding digital currency, with the Trump administration’s actions largely appearing reactionary. Governor
This week, Ripple has issued an urgent rallying cry at its UK Policy Summit, signaling a potentially transformative moment for the UK’s cryptocurrency landscape. With an ambitious four-point policy framework, Ripple is advocating for swift action to enhance the UK’s role as a central player in the global crypto arena. If there was ever a
On June 18, Circle’s CRCL shares soared by a staggering 34%, closing at $199.59. This eye-popping increase caused the stock to hit a historic high of $200.90, which translates to a remarkable rise of approximately 6.5 times its initial public offering price of $31 set just two weeks prior. This meteoric ascent isn’t just about
The ongoing legal entanglement between Ripple and the U.S. Securities and Exchange Commission (SEC) has illuminated the often murky waters of cryptocurrency regulation. With the recent joint request to a federal judge aiming to dissolve a debilitating injunction and advocate for a modified $50 million penalty, the implications stretch far beyond Ripple’s balance sheet. This
