Regulation

Within the increasingly competitive landscape of digital currencies and financial innovation, the proposed GENIUS Act represents an ambitious legislative pursuit aimed at regulating stablecoins. While on the surface, the notion of having a structured approach to digital assets seems like a step in the right direction, one cannot ignore the potential ramifications of this bill.
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The recent decision by the U.S. Securities and Exchange Commission (SEC) to close its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, is not just a victory for the fintech giant; it’s a sign of shifting tides in the regulatory landscape surrounding cryptocurrencies. The previous uncertainty surrounding PYUSD’s classification as an unregistered security raised questions about the
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In a bold maneuver that signals newfound ambitions, Circle, the savvy issuer behind the USDC stablecoin, has garnered preliminary approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This pivotal moment, made public on April 29, pushes Circle tantalizingly close to winning a Financial Services Permission (FSP) allowing it to navigate the intricate
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The recent decision by the US Securities and Exchange Commission (SEC) to extend the timeline on the approval of exchange-traded funds (ETFs) tied to digital assets such as Polkadot (DOT) and Hedera (HBAR) reflects an unsettling truth about the intersection of finance and technological advancement. Delaying critical regulatory decisions around these burgeoning crypto instruments until
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The United States Securities and Exchange Commission (SEC) is undergoing a paradigm shift in its regulatory strategy by engaging in discussions with El Salvador’s National Commission of Digital Assets (CNAD). This initiative marks a significant step towards crafting a more streamlined and inclusive regulatory environment for digital assets. The SEC’s proposed regulatory sandbox aims to
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Kuwait’s recent ban on Bitcoin mining is a startling response to the rapidly evolving world of cryptocurrency. By outlawing this endeavor due to concerns over power consumption and regulatory violations, the Kuwaiti government has positioned itself against a global trend that sees many nations—particularly in the West—embracing digital currencies with open arms. The ban undermines
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