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Andy Barr's 'Vision' for House Financial Services
22.10.2024
Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible...
Japan political party leader promises crypto tax cuts if elected
21.10.2024
The tax cut down to 20% is part of Democratic Party for the People leader Yuichiro Tamaki’s broader plan to make Japan a Web3 leader
Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval
15.10.2024
Ripple's upcoming stablecoin will leverage its established position for payments and be a key bridge for real-world asset tokenization, Ripple Labs President Monica Long told CoinDesk in an interview
Japan to Review Crypto Regulations, Potentially Easing Tax Burden
1.10.2024
Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying...
Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil
1.10.2024
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets...
Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services
26.9.2024
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides...
Lightning Wallet Osmo Brings Financial Services to Puerto Rico
26.9.2024
Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment...
Ugandan Fintech Firm Gets Funding From Dutch Impact Investor
25.9.2024
Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says...
Gensler grilled as most ‘destructive’ SEC chair before congressional hearing
25.9.2024
SEC Chair Gary Gensler has taken heat from lawmakers and members of his own agency during a House Financial Services Committee hearing over his handling of crypto regulation in the United States
US representative criticizes Gensler as most ‘destructive’ SEC chair during hearing
25.9.2024
SEC Chair Gary Gensler faced criticism from lawmakers and agency members during a House Financial Services Committee hearing over his handling of crypto regulation in the United States
'We are Running Out of Time': U.S. House Democrat Urges Stablecoin Bill Compromise
24.9.2024
U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee's ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers
Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations
23.9.2024
The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the crypto sector, ensuring that widely traded crypto...
Australia to require crypto firms to hold financial services licenses
23.9.2024
Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges
Australia to require crypto firms to hold financial services licenses
23.9.2024
Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges
Lawmaker Flags Concerns Over SEC’s Crypto Approach
19.9.2024
Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted...
SEC’s Crypto Record Rebuked by Ex-Commissioner, GOP Lawmakers in Hearing
18.9.2024
The U.S. Securities and Exchange Commission was hammered for two hours in a congressional hearing on Wednesday in which the witness list predominantly included agency critics, including former Commissioner Daniel Gallagher, who is now at Robinhood
Three Ways DeFi Will Revolutionize Financial Services
18.9.2024
DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra
The U.S. House Financial Services Committee Reviews the Scope of DeFi
11.9.2024
The US House Financial Services Committee met on September 10, 2024. The objective was to explore the depths…
Standard Chartered Launches Bitcoin and Ethereum Custody in UAE
11.9.2024
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first...
Corporate Bitcoin Adoption Surges in 2024, River Report Reveals
8.9.2024
Corporate adoption of bitcoin has experienced a significant surge in 2024, according to a recent report from River, a U.S.-based bitcoin-focused financial services company. The report highlights the growing role of bitcoin in business treasuries, offering insights into key trends and future...