Regulation

The Basel Committee on Banking Supervision has recently announced the final disclosure framework for banks’ crypto exposures, aimed at enhancing transparency and ensuring a consistent regulatory approach in the digital assets field. This comprehensive framework, known as DIS55, requires banks to provide detailed information on their crypto activities through standardized tables and templates. By standardizing

After concluding a consultation period over a licensing program initiative for fiat-referenced stablecoin (FRS) providers, Hong Kong’s financial regulators have received 108 submissions from various stakeholders. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) announced this development in a joint statement on July 17. Most respondents agreed that a regulatory regime

The landscape of cryptocurrency lobbying has witnessed a significant transformation over the past seven years. A recent study conducted by Social Capital Markets has revealed a monumental surge in lobbying expenditures by crypto companies, painting a vivid picture of the industry’s evolving relationship with policy and regulation. The findings showcase a remarkable 1,386% increase in

Coinbase, Ripple, and Andreessen Horowitz (a16z) have made the strategic decision to send representatives to both the Republican National Convention (RNC) and later, the Democratic National Convention (DNC). This move is aimed at influencing power brokers within the GOP to support election outcomes that align with the interests of the crypto industry. The decision highlights

South Korean lawmakers have introduced a new bill aimed at postponing the implementation of the crypto gain tax until 2028. This decision comes in the midst of negative sentiments surrounding the crypto industry. The ruling political party expressed concerns about the declining investment sentiment towards virtual assets, highlighting the high-risk nature of cryptocurrencies compared to

The recent news that the SEC has closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action is a significant development in the world of cryptocurrency. The investigation, which started over three years ago, has been closely watched by the crypto community as a whole. This investigation began following the

The Securities and Exchange Commission (SEC) has announced the closure of its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This investigation, which started over three years ago, has been a significant milestone in the history of the Bitcoin Layer-2 network. The SEC’s Enforcement Division had initiated the investigation following Stacks’

Elon Musk, CTO and chairman of X, made some serious accusations against the European Commission (EC) in regards to an alleged secret deal offered to the social media platform. According to Musk, the EC proposed that X should censor speech quietly in order to avoid being fined in the EU. Musk took to social media

The UK Law Commission recently published a scoping paper addressing the legal characterization of Decentralized Autonomous Organizations (DAOs) within the country. DAOs are blockchain-based communities formed to achieve a common goal, such as investing in start-ups or acquiring historical documents. However, the Commission highlighted the lack of consensus on what constitutes a DAO, its structure,

The US Securities and Exchange Commission (SEC) has recently approved a proposal that includes exceptions for certain financial institutions affected by the contentious Staff Accounting Bulletin No. 121 (SAB 121). This decision, reported by Bloomberg Tax, allows select banks and brokerages to sidestep the requirement of reporting customers’ cryptocurrency holdings as liabilities on their balance