Hong Kong Strengthens Crypto Regulation: An Overview of Recent Changes

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly issued a significant circular aimed at providing clarity on the rules governing companies offering services related to virtual assets. The circular specifically addresses the classification…

Bitstamp Crypto Exchange to End Canadian Operations by 2024

Major cryptocurrency exchanges are steadily exiting the Canadian market, citing complex regulation and lack of clarity as primary reasons. This exodus leaves traders with limited options and raises concerns about stifling innovation in the country. The departures started earlier this…

UK Financial Watchdog to Launch Digital Assets Sandbox in Early 2024

The UK’s Financial Conduct Authority (FCA) has revealed plans to launch a pioneering Digital Assets Sandbox (DAS) by the first quarter 2024. The move aims to promote digital asset innovation under bespoke regulatory conditions. Tailored rules to enable experimentation According…

Gemini to Quit the Dutch Market by Mid-November, Cites Compliance Issues

Gemini, a New York-based cryptocurrency exchange, has recently announced its decision to suspend cryptocurrency services in the Netherlands. This move stems from the exchange’s inability to meet the stringent regulatory requirements set forth by the Dutch central bank, De Nederlandsche…

Solana Co-Founder Advocates for Congressional Crypto Regulation, Emphasizing the Need for Lawmakers to Understand Its Mechanisms to Retain American Talent

In today’s rapidly evolving digital landscape, cryptocurrencies have emerged as a groundbreaking technology with the potential to revolutionize various industries. As the co-founder of Solana, a pioneering blockchain platform, we believe that the United States must take proactive measures to…

What is the FOMC? Why is it Powerful?

You have probably heard of the FOMC and how the crypto space gets jittery when this acronym is mentioned.  The Federal Open Market Committee (FOMC) is the Fed’s arm for monetary policy-making.  Whatever this powerful says affects not just the…

What is Jackson Hole and Why it is Important to Crypto?

Those who believe in crypto want a system wherein a central authority cannot interfere with one’s financial decisions and transactions.  When Bitcoin was created in 2009, it was anti-thesis to a monetary system that reared its ugly head in the…

Singapore among World’s First to Agree to Stablecoin Crypto Regulation

Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…

Stablecoins Get New Framework in Singapore

The Monetary Authority of Singapore (MAS) has released guidelines for the new regulatory framework for stablecoins issued in the city-state.  The MAS took into account feedback from stakeholders in the October 2022 consultation.   This aims to maintain the value stability…

The Latest on Crypto Politics – Coinbase CEO Meets with Legislators, DeSantis to Axe CBDC

Cryptocurrencies were made to improve the way we transfer value. It gives financial options to those seeking something better or those excluded from traditional finance.  However, the crypto sector’s growth is hindered by regulations or the lack of clarity on…