CFTC chair Mike Selig has outlined an expanded regulatory agenda for U.S. crypto markets, signaling a more assertive role for the derivatives watchdog in areas ranging from decentralized finance (DeFi) to prediction markets and artificial intelligence. Calling the United States…
Aon tests stablecoin payments for global insurance costs
Aon has completed a trial using stablecoins to settle insurance premium payments, signaling an early shift in how large corporate transactions might be processed. The London-headquartered insurance broker, which advises on $5 trillion in assets, tested blockchain-based payments in a…
Did Crypto Bank Amina join the EU market as first bank?
Crypto bank Amina has joined EU-regulated trading venue 21X as a listing sponsor, positioning itself inside the European Union’s regulatory sandbox for blockchain-based securities. The Zug-based institution, supervised in Switzerland, is now the first fully regulated bank to participate on…
Florida Senate stablecoin bill heads to DeSantis for approval
The florida senate has approved a comprehensive framework for regulating payment stablecoins, marking a significant step in the state’s approach to digital assets. Senate Bill 314 (SB 314) cleared the upper chamber without opposition and has also passed the House,…
Kazakhstan reserves add $350m exposure to crypto assets
Kazakhstan central bank has allocated up to $350 million from its gold and foreign exchange reserves for investment in cryptocurrency assets, marking a notable move by a major emerging market regulator into the digital asset space. The plan, outlined by…
South korea crypto exchange stake cap could be 20% soon?
South korea crypto exchange stake cap plans are taking shape after South Korea’s government and ruling party reportedly agreed on a proposal to limit major shareholder ownership in domestic crypto exchanges to 20%, while allowing narrow exemptions for certain new operators. The…
Does the U.S. senate CBDC ban provision last until 2030?
The U.S. Senate Committee on Banking, Housing and Urban Development has inserted a U.S. senate CBDC ban provision into a bipartisan housing package, adding language that would temporarily block the Federal Reserve from issuing a central bank digital currency. The measure is part…
Barclays tokenized deposits review for stablecoin services
Barclays is examining a deeper move into blockchain technology, including potential offerings of tokenized deposits and stablecoins, according to a report released Friday by Bloomberg. The U.K.-listed banking group has begun collecting information from technology vendors as it evaluates how…
Scam Center Strike Force crypto seizures reach $580 million
U.S. authorities say the Scam Center Strike Force has now frozen or seized more than $580 million in cryptocurrency tied to Southeast Asian crime networks, underscoring the scale and complexity of online fraud tied to the region. The announcement, made…
Tether freezing 4.2 billion in USDT amid illicit activity
Tether, the El Salvador-based stablecoin issuer, has reported freezing around $4.2 billion worth of its tokens over links to illicit activity, reflecting growing pressure on the crypto sector from global law enforcement. The company, which runs the world’s largest dollar-pegged…