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OKX selects Malta as MiCA hub for EU crypto compliance
18.7.2024
OKX selects Malta for its MiCA hub, leveraging its existing VFA Class 4 license and regulatory infrastructure for expanded EU crypto services
Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of Bitcoin Hashrate
16.11.2023
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required...
European Banks to Disclose Exposure to Crypto Assets
29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...
US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation
13.11.2022
U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed the importance of international cooperation and setting high regulatory standards globally. US...
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown
16.5.2022
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high...
Binance USD (BUSD): A Case Study for Stablecoin Compliance and Security
20.10.2021
Binance USD (BUSD) has become one of the fastest-growing cryptocurrencies in the world, with a variety of use cases and growing demand amid the continued growth of the crypto markets. A key component to BUSD’s success is its unwavering compliance to the world’s most stringent...
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
ECB Executive Board Member Says There is a Requirement of ‘Highest Regulatory Standards’ on Stablecoins
18.10.2019
Benoit Coeure, the respectable Executive Board Member of the European Central Bank, has urged a need for a stringent supervisory framework for governing digital currencies and stablecoin projects like Facebook’s Libra, stated a report by Bloomberg on Thursday, i.e., October 17. Mr. Benoit in...
Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7
18.7.2019
The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation