On October 23, Vietnam took a pivotal step towards its digital future by unveiling its National Blockchain Strategy. The initiative outlines the country’s ambitions to become a leading hub for blockchain research, innovation, and application in Southeast Asia by the year 2030. The Vietnamese government has pinpointed blockchain technology as essential for its Fourth Industrial
Regulation
The UK’s Financial Conduct Authority (FCA) has recently reaffirmed its stringent approach toward regulating cryptocurrency businesses, a stance outlined in an illuminating blog post by Val Smith, the agency’s head of payments and digital assets. In a period when the crypto market is often criticized for lacking regulation, and innovations are continually emerging, the FCA’s
Since its establishment in 2020, the European Union’s Markets in Crypto-Assets (MiCA) regulation has marked a pivotal moment for the cryptocurrency landscape. This regulatory framework not only positions Europe as a significant player in the crypto economy but also challenges the perception that the continent has lagged behind regions like the United States and Asia
In recent years, the financial landscape has witnessed the rapid rise of Decentralized Finance (DeFi), leading to a critical dialogue about its positioning relative to traditional finance systems. Federal Reserve Governor Christopher Waller has taken a firm stance on this topic, clarifying that DeFi is more likely to coexist with conventional financial structures rather than
The European Securities and Markets Authority (ESMA) is advocating for tighter regulations within the cryptocurrency industry, highlighting a major concern over consumer protection amidst increasing cyber threats. With the rise in cyberattacks targeting crypto platforms, the ESMA proposed that the European Union (EU) mandate external cybersecurity audits for firms operating in this space. This recommendation
In a bold move signaling a significant shift within the cryptocurrency landscape, Crypto.com has initiated legal action against the U.S. Securities and Exchange Commission (SEC). Filed on October 8, this lawsuit represents a larger critique of regulatory practices which many in the crypto industry deem overreaching and excessively punitive. The crux of Crypto.com’s argument is
The legal confrontation between Coinbase and the U.S. Securities and Exchange Commission (SEC) highlights the ongoing tension between cryptocurrencies and regulatory frameworks. Coinbase, a leading cryptocurrency exchange, has initiated a motion for partial summary judgment in pursuit of internal SEC documents that could potentially illuminate the agency’s enforcement strategies regarding digital assets. This lawsuit is
The cryptocurrency market is a realm characterized by rapid fluctuations, influenced by a myriad of factors including investor sentiment, macroeconomic conditions, and, notably, regulatory developments. On October 14, 2024, a notable surge in the crypto markets was observed, catalyzed in part by comments from Vice President Kamala Harris. While her announcement of a “smart regulatory
As the race for the White House heats up, investors, developers, and enthusiasts within the cryptocurrency space are closely examining how the candidates’ policies could shape the future of digital assets in the United States. Alex Thorn of Galaxy Digital recently released a comprehensive ‘policy scorecard’ that evaluates the stances of key presidential candidates on
The litigation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has persisted since December 2020, creating significant ripples in the cryptocurrency landscape. The recent announcement by Ripple to file a notice of cross-appeal in response to the SEC’s own appeal marks a critical moment in this ongoing legal battle. This article seeks
