Regulation

In an ambitious effort to advance financial innovation, Taiwan’s Financial Supervisory Commission (FSC) has announced the launch of a pilot program focused on digital asset custody services. This initiative comes at a time when the global financial landscape is rapidly evolving, characterized by an increasing reliance on digital currencies and assets. The FSC’s program, set

In recent times, South Korea’s government has felt the pressing need to address the burgeoning phenomenon of stablecoins, especially in cross-border transactions. As digital currencies gain increasing traction in global trade, the risks associated with their unregulated use have piqued the interest of policymakers. This trend is particularly notable with stablecoins pegged to major currencies

In a world where financial systems constantly evolve, the recent remarks made by Piero Cipollone, a key figure on the European Central Bank’s (ECB) Executive Board, spark a conversation that is both timely and critical. At the Bundesbank Symposium on Future Payments, Cipollone explicitly positioned digital assets and distributed ledger technology (DLT) as vital components

In a groundbreaking move, the United Arab Emirates (UAE) has declared the exemption of cryptocurrency transactions from the 5% value-added tax (VAT), signaling a significant shift in its financial landscape. This decision, rooted in an amendment to the Executive Regulation of the Federal Decree Law on VAT, aims to enhance the country’s appeal as a

In a notable development for the cryptocurrency landscape, the Hong Kong Securities and Futures Commission (SFC) is poised to expand its licensing of crypto businesses before the end of the year. This initiative is seen as an effort to create a more accommodating environment for digital asset firms, underscored by the recent authorization of HKVAX—the

In a significant turn of events for the cryptocurrency market, TrustToken and TrueCoin, the driving forces behind the TrueUSD (TUSD) stablecoin, have recently resolved their issues with the U.S. Securities and Exchange Commission (SEC). The companies reached a settlement after facing allegations of fraudulent practices and the unregistered sale of investment contracts. The SEC’s scrutiny

In a move that could redefine the landscape of public finance, Ohio State Senator Niraj Antani has proposed a groundbreaking piece of legislation aimed at legalizing cryptocurrency payments for state and local taxes. Introduced on September 30, this bill allows Ohioans to use digital assets, chiefly Bitcoin, to meet their financial obligations to both state

The recent licensing of Hong Kong Virtual Asset Exchange (HKVAX) by the Securities and Futures Commission (SFC) represents a significant turning point for the cryptocurrency landscape in Hong Kong. As the third licensed crypto exchange in the region and the first to receive approval under the newly established virtual asset regulatory framework, HKVAX is paving

In recent years, Japan has become a focal point in the conversation surrounding cryptocurrency regulations. The Financial Services Agency (FSA) is now contemplating a significant reassessment of its crypto regulations, aiming to create a more favorable environment for investors and users of digital currencies by 2025. This potential overhaul is not only timely but necessary,

Ripple has recently made headlines by securing in-principle approval from the Dubai Financial Services Authority (DFSA). This landmark achievement not only propels Ripple into the forefront of blockchain-based payment solutions but also establishes it as a legitimate regulatory contender in the dynamic market of the United Arab Emirates (UAE). This step is crucial as it