Regulation

Two prominent crypto companies, Coinbase and Revolut, faced contrasting fates with UK authorities recently. While the UK’s Financial Conduct Authority (FCA) slapped Coinbase’s subsidiary, CB Payments Limited (CBPL), with a hefty £3.5 million fine for Anti-Money Laundering breaches, Revolut celebrated receiving a restricted banking license from the UK’s Prudential Regulation Authority (PRA). The FCA’s fine
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The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, recently expressed their concerns about the regulatory challenges that the crypto industry is facing under the Biden-Harris Administration. They openly criticized the administration’s handling of the industry, pointing out a series of regulatory hurdles that they believe are hindering innovation and growth in the
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The Digital Chamber recently sent a letter to Vice President Kamala Harris, urging her to adopt a forward-looking approach to digital assets and blockchain technology. The Chamber emphasized the immense potential of these technologies for innovation, economic growth, and financial inclusion. Despite key leaders in the Democratic Party showing support for the industry, there is
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The CEO and founder of DAIM, Brian Korshain, has expressed strong optimism regarding the potential impact of former President Donald Trump’s support for Bitcoin. Korshain believes that Trump’s rumored plan to make Bitcoin a strategic reserve asset for the US government is not only possible but could also lead to significant changes in the regulatory
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10x Research recently made a bold claim that President Joe Biden’s withdrawal from the 2024 presidential race would pave the way for former President Donald Trump to secure a “decisive victory” in the November election. The firm believes that no credible candidate exists who could seriously challenge Trump, indicating that the election outcome may have
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After a period of consultation, Hong Kong’s financial regulators have finalized a licensing program initiative for fiat-referenced stablecoin (FRS) providers. This initiative received feedback from various stakeholders, showing overwhelming support for the need for a regulatory regime for FRS issuers. The regulators believe that this is necessary due to the rapid growth of digital assets
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