In a significant move toward modernizing its financial architecture, Taiwan’s Financial Supervisory Commission (FSC) has announced a plan to allow commercial banks to issue stablecoins. This strategic decision is embedded within a broader regulatory framework for virtual asset service providers (VASPs), with a draft bill anticipated to be unveiled by June. The FSC’s initiative signifies
Regulation
The United States Securities and Exchange Commission (SEC) has recently taken a pivotal step in reshaping the regulatory landscape for cryptocurrency custody services by introducing Staff Accounting Bulletin (SAB) 122 to replace its predecessor, SAB 121. This change comes on the heels of the previous policy’s widespread criticism regarding its implications for the digital asset
In a pivotal move for the future of digital assets in America, Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair of the newly formed Senate Banking Subcommittee on Digital Assets. Announced on January 23, this development signifies a crucial step forward in creating a comprehensive regulatory framework for blockchain technology and cryptocurrencies.
The ongoing legal proceedings against Roman Storm, the co-founder of Tornado Cash, represent a troubling intersection of privacy rights and regulatory overreach in the cryptocurrency space. In his statement made on January 22 via social media, Storm described his prosecution as a “terrifying criminalization of privacy.” Tornado Cash, a non-custodial privacy protocol, allows users to
In a pivotal move for the cryptocurrency landscape, the U.S. Securities and Exchange Commission (SEC) has announced the establishment of a specialized task force specifically focused on the regulation of crypto assets. This initiative, led by Commissioner Hester Peirce, known colloquially as “Crypto Mom” for her advocacy of blockchain technologies, represents a significant shift in
The recent changes in leadership at the U.S. Securities and Exchange Commission (SEC) are poised to significantly impact the regulatory landscape, particularly concerning digital assets. Mark Uyeda’s appointment as the acting chair of the SEC signifies a potential shift toward a more accommodating regulatory approach, especially in the realm of cryptocurrencies, NFTs, and other digital
Recent developments within the Commodity Futures Trading Commission (CFTC) have unveiled that President Donald Trump has nominated Caroline Pham, a junior commissioner, as the agency’s acting chair. This move, reported by Bloomberg News, comes after a vote by the CFTC’s five commissioners, signaling a strategic choice for leadership as the administration embarks on its regulatory
The world of cryptocurrencies is facing a revolutionary shift, particularly within Europe. The introduction of the Markets in Crypto-Assets Regulation (MiCA) marks a pivotal moment that aims to govern the crypto landscape comprehensively. As we approach 2025, the implications of MiCA are already becoming evident. While the regulation promises enhanced transparency, consumer protection, and a
The protracted legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has entered a new chapter as the SEC recently filed an appeal against a ruling that favored Ripple. This ongoing saga began in December 2020, when the SEC accused Ripple of conducting unregistered securities transactions through its cryptocurrency XRP. Fast
The cryptocurrency landscape is continually evolving, marked by new developments that can significantly influence market dynamics. One such crucial milestone recently occurred when Nasdaq submitted a 19b-4 Form on January 16, 2025, to facilitate the listing and trading of a spot Litecoin (LTC) exchange-traded fund (ETF) proposed by Canary Capital. This submission has garnered attention
