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Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
Obligatory license for stablecoins? What do the latest FSB guidelines mean
8.8.2023
FSB starts from the definition of “global stablecoin”, which serves as a means of payment and storage and has the potential for adoption across multiple jurisdictions
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Apple's App Store Guidelines Under Scrutiny by Lawmakers for Blockchain and NFT Limitations
31.7.2023
Apple is facing regulatory scrutiny in the US over its App Store guidelines, which allegedly hurt apps related to blockchain and non-fungible tokens (NFTs).
In a formal letter, US Representatives Gus Bilirakis of the Republican Party, representing Florida, and Jan Schakowsky of the Democratic...
Canadian Regulator Proposes Changes to Its ‘Capital and Liquidity Approach to Crypto-Assets’
28.7.2023
The regulator of financial institutions in Canada said on July 26 that it had started the process of gathering the public’s view on proposals to change its “capital and liquidity approach to crypto-assets.” The draft guidelines are a response to the Basel Committee on Banking...
G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...
Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk Warnings
4.7.2023
According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug. 30, 2023, digital asset business operators will...
Twitch Abandons Bad Ad Changes After Streamer Freak Out
8.6.2023
Earlier this week, Twitch set the streaming world ablaze with what appeared to be new guidelines that heavily impacted how streamers could monetize their channels. The rules appeared to dictate things like how much space logos could take up on the screen, and whether or not these sponsorships could...
UAE's Central Bank Introduces New Anti-Money Laundering Guidance for Crypto Businesses – Here's the Latest
1.6.2023
The UAE’s Central Bank just introduced new anti-money laundering (AML) and counter-terrorism financing guidelines for crypto businesses and financial institutions handling digital assets, according to an announcement on Wednesday.
The new guidance applies to all licensed financial institutions...
ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
24.5.2023
The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
17.5.2023
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
Hong Kong Regulators Set to Reveal Crypto Exchange License Guidelines in May
27.4.2023
Hong Kong's Securities Futures Commission (SFC) will release guidelines on the licensing regime for cryptocurrency exchanges by next month.
SFC CEO Julia Leung announced the plan during an event, noting that the city will unveil its new cryptocurrency framework in May, according to...
Hong Kong security regulator to issue crypto license guidelines in May
27.4.2023
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung
How Will NFTs Be Taxed? Understanding the IRS' New Proposed Guidelines
31.3.2023
Tax experts weigh in on how the IRS will decide if NFTs are collectibles
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor
25.3.2023
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create...
Twitch Bans Popular Streamer’s Cute Emote For ‘Inciting Abuse’
21.3.2023
Fortnite Twitch streamer and hugely popular gaming TikToker Chica seemed to get some surprising news yesterday—Twitch removed one of her emotes, a cartoon chick with big, wet eyes and its tongue sticking out, for “inciting abuse.”Read more
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’
14.3.2023
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, also paves the way for central bank digital currencies (CBDCs). Emphasizing that this bill...
Nigerian Central Bank Unveils Open Banking Guidelines
12.3.2023
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the central bank, some of the guidelines’ objectives include ensuring “consistency and security...