Your essential source for crypto regulation news, legal developments, and policy analysis affecting the cryptocurrency industry.
Regulation
Popular prediction marketplace Polymarket has been blocked in Singapore, as the nation intensifies its crackdown on unlicensed online gambling. This move follows similar restrictions imposed by other countries, including the U.S., France, and Taiwan, highlighting the growing global scrutiny faced by the platform. Singapore Cracks Down on Unlicensed Gambling
Regulation
As Gary Gensler prepares to step down as Chair of the U.S. Securities and Exchange Commission (SEC) on January 20, he’s taking a moment to reflect on his tenure as one of the most polarizing figures in financial regulation. In a wide-ranging interview, Gensler discussed his approach to
Regulation
The Consumer Financial Protection Bureau (CFPB), the leading U.S. consumer financial regulator, is exploring ways to enhance safeguards for consumers using digital payment methods. The agency announced two proposals on Friday, seeking public input on how to prevent excessive data collection and extend existing fraud protections to the rapidly
Regulation
Two U.S. states, New Hampshire and North Dakota, have introduced bills to establish strategic Bitcoin reserves, marking another step in the growing trend of state-level cryptocurrency adoption. These legislative efforts reflect increasing interest among policymakers to integrate Bitcoin into state treasuries as a potential hedge against inflation and economic
Regulation
Cryptocurrency exchange Bybit announced on Friday that it will temporarily limit its services for users in India starting at 8 a.m. UTC on January 12. The suspension affects new crypto and fiat trading, product access, and peer-to-peer trading, while withdrawals remain available. This move comes in response to recent
Regulation
The Securities and Exchange Commission (SEC) is nearing the January 25 deadline to decide on four Solana exchange-traded fund (ETF) applications submitted by VanEck, 21Shares, Canary, and Bitwise. While Solana enthusiasts are optimistic, experts anticipate that the SEC may defer its decision to the second deadline on March 11. Edouard
Regulation
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective since December 30, 2024, is expected to significantly increase the market share of euro-pegged stablecoins, according to analysts at JPMorgan. Currently, euro-backed stablecoins hold a small 0.12% of the total stablecoin market. However, a report released Wednesday by
Regulation
Backpack, a prominent crypto wallet and exchange particularly popular within the Solana ecosystem, has finalized its acquisition of FTX EU for $32.7 million. This strategic move not only grants Backpack access to over 110,000 former FTX EU users but also secures a crucial European regulatory license, paving the
Regulation
In its latest annual financial stability report, the People's Bank of China (PBOC) reaffirmed its strict stance against cryptocurrency trading while acknowledging Hong Kong's divergent path towards regulated adoption. The 2024 report, released on Friday, highlights the ongoing regulatory disparities between mainland China and Hong Kong
Regulation
As President-elect Donald Trump prepares to take office, his choice of David Sacks as the new White House cryptocurrency and AI czar is generating waves of excitement across the digital asset industry. With a track record as an innovative entrepreneur and vocal blockchain advocate, Sacks’ appointment signals a potential shift
Regulation
The IRS has unveiled a new tax form, the 1099-DA, designed to bring greater transparency to cryptocurrency transactions. This initiative represents a pivotal step toward standardizing crypto tax reporting, but it also introduces new challenges for accountants and platforms as they prepare for its phased implementation in the coming years.
Regulation
According to a ministry announcement released Friday, Montenegro's Justice Minister, Bojan Božović, has officially authorized the extradition of Terraform Labs co-founder Do Kwon to the United States.This decision comes after the Constitutional Court of Montenegro dismissed Kwon's appeal earlier this week, upholding a previous Supreme