Finance
SoFi's Bold Return to Cryptocurrency Amid Evolving Regulations
SoFi plans to reintroduce cryptocurrency services, responding to new regulatory shifts that aim to ease burdens on banks engaging in digital assets.
Policy
Nexo Announces Return to U.S. Market After Two-Year Hiatus, Citing Renewed Crypto Enthusiasm
The digital asset platform Nexo is making a comeback in the U.S., offering full services following a period away due to regulatory issues.
Adoption
Federal Reserve Eases Crypto Regulations for Banks, Paving the Way for Digital Asset Expansion
The U.S. Federal Reserve has eliminated restrictions that required banks to seek permission before engaging in cryptocurrency activities, aligning with other financial regulators.
Legal
Governments Consult Binance for Guidance on Cryptocurrency Regulations and Bitcoin Management
Binance is stepping up to assist governments in creating clearer crypto regulations and strategizing Bitcoin reserves as a digital asset.
Finance
OKX Expands Operations to the U.S., Opening New Headquarters in California
The Seychelles-based exchange is establishing its operations in the U.S. following a substantial settlement with regulatory authorities.
News
Chinese Local Authorities Explore Options to Liquidate Seized Cryptocurrency
Local governments in China are considering the sale of confiscated cryptocurrencies despite the strict trading ban, raising questions about the legal framework surrounding these assets.
News
EU's New Attack on Crypto: Google Ad Ban Initiates Severe Crackdown While EU Falls Behind
The European Union tightens its grip on cryptocurrency regulations with a significant advertising ban from Google, potentially stifling innovation within the region.
Finance
SEC Reassessing Crypto Guidelines from the Biden Administration Following Regulatory Changes
The SEC is conducting a review of earlier cryptocurrency guidance to align with current priorities, possibly leading to new regulatory approaches.
Finance
BlackRock Gains Approval for Crypto Operations in the UK
The leading asset management firm BlackRock is now permitted to act as an arranger for Exchange Traded Products through iShares Digital Assets AG.
Finance
U.S. Crypto Policies Might Heighten Risks in Traditional Finance, Say European Regulators
U.S. regulators' pro-crypto stance could potentially escalate risks in traditional financial markets, as identified by European authorities.
Policy
FDIC Discontinues Previous Policy Requiring Prior Approvals for Crypto Banking
The U.S. Federal Deposit Insurance Corporation has announced new guidance that eliminates the need for banks to seek prior approvals before engaging in cryptocurrency activities, reversing earlier strict regulations.
Finance
Understanding the Repeal of the IRS DeFi Broker Rule
A significant shift in US crypto policy as the Senate votes to eliminate the controversial IRS DeFi broker rule, sparking discussions on its implications for decentralized finance.
Regulatory Affairs
Coinbase Advocates for Crypto-friendly Regulations in Canada to Ensure Global Competitiveness
Coinbase emphasizes the need for reforms in Canada’s financial policies to keep pace with global trends in cryptocurrency adoption.
Advisory
Crypto for Advisors: Is a New Era Approaching for Crypto Assets?
Recent changes in crypto regulations hint at a significant shift towards broader acceptance and mainstream integration of various digital assets.
Finance
South Korean Authorities Raid Bithumb Over Allegations of Misusing Funds
The investigation targets the use of company money to aid a former Bithumb CEO in securing an apartment.
Policy
North Dakota Senate Approves New Regulations for Crypto ATMs
Legislation mandating licensing and compliance measures for operators of cryptocurrency ATMs in North Dakota has been passed by the state Senate.
Crypto
North Dakota Senate Approves New Regulations for Crypto ATMs with $2,000 Daily Limit
The North Dakota Senate has reinstated a daily transaction cap on crypto ATMs while introducing comprehensive regulations to enhance consumer protection.
Policy
Crypto and Fintech Companies Pursue Banking Charters Amid Policy Shift
The crypto and financial technology sectors are actively seeking banking charters, leveraging a more accommodating regulatory environment.
News
Weekly Summary: Regulatory Gains Amidst Market Declines
A look back at the week's significant developments in the cryptocurrency market and regulatory landscape.
Blockchain Technology
Africa Crypto Week Summary: KPMG Calls for Nigerian Banks to Adopt Blockchain, Lisk Innovation Hub Completes Training Initiative as South Africa Enforces Stricter Crypto Regulations
KPMG is advocating for Nigerian banks to integrate blockchain technology, while Lisk Innovation Hub has trained over 20 African startups. South Africa's crypto asset providers will face tougher compliance by April 2025.
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