Circle CEO Predicts Imminent US Executive Orders to Expand Digital Asset Adoption
Circle CEO Jeremy Allaire has expressed confidence that US President Donald Trump will soon issue executive orders aimed at significantly widening the role of digital assets in the nation’s financial system. The anticipated directives are expected to enable banks to engage with digital assets more freely, offer investment products to wealthy clients, and incorporate these […]
New FCA Discussion Paper Outlines Future of UK Cryptoasset Regulation
The Financial Conduct Authority (FCA) has released a discussion paper titled “Regulating Cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets“, detailing its proposed approach to regulating the growing cryptoasset market. This initiative forms part of a broader effort by the government to introduce a comprehensive financial services regime for cryptoassets, bringing these activities […]
Putin Backs Bitcoin as Russia Advances Digital Asset Taxes and Mining Growth
Russian President Vladimir Putin has signed a law classifying digital assets as property for taxation purposes, offering much-needed clarity to Russia’s burgeoning digital sector. This legislation, which amends Russia’s Tax Code, exempts profits in the sector from value-added tax while subjecting them to income tax. Individual earnings below 2.4 million roubles will be taxed at […]
Crypto-Friendly Paul Atkins to Take the Helm as SEC Chair Under Trump’s Administration
President-elect Donald Trump has announced his intention to nominate Paul Atkins, a former SEC Commissioner, as the new chair of the Securities and Exchange Commission (SEC). The announcement, made via Trump’s Truth Social platform, aligns with his stated commitment to fostering a more crypto-friendly regulatory environment. Atkins, currently the CEO of Patomak Global Partners, is […]
Former Binance Executives Launching MiCA-Compliant Euro Stablecoin Within Two Weeks
As the Markets in Crypto-Assets Regulation (MiCA) approaches its final enforcement deadline later this year, Europe is set to welcome a new euro-backed stablecoin to the digital currency landscape. Schuman Financial, a recently established cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has announced its launch, unveiling its inaugural product, the […]
FCA Highlights Rising Crypto Ownership as It Outlines Regulatory Plans
The Financial Conduct Authority (FCA) has unveiled its latest research on consumer attitudes and behaviours towards cryptocurrency, revealing a notable increase in UK crypto ownership. According to the findings, 12% of UK adults now own cryptocurrency, up from 10% in previous years, while awareness of crypto assets has risen slightly from 91% to 93%. This […]
UK Government’s Approach to Tokenisation and Regulation: Keynote Highlights from Tulip Siddiq MP
Tulip Siddiq MP, Economic Secretary to the Treasury, delivered a keynote at this year’s City and Financial Global Tokenisation Summit outlining the UK government’s progressive strategy in embracing tokenisation and digital assets. Her speech underscored the transformative potential of distributed ledger technology (DLT) and reaffirmed the government’s commitment to positioning the UK as a global […]
Norway Backs EU Crypto Regulation, Weighs Potential CBDC for Financial Stability
Norges Bank, Norway’s central bank, has voiced its support for the European Union’s Markets in Crypto-Assets (MiCA) regulation while evaluating the potential for a central bank digital currency (CBDC) to enhance cross-border payments and bolster financial stability. As part of the European Economic Area (EEA), Norway aligns closely with EU regulations, including MiCA. Kjetil Watne, […]
From Gen Z to the Elderly: Digital Pound Foundation Workshop Identifies Key Use Cases for a Digital Currency
On 23 September 2024, as part of Currency Research’s Digital Currency Conference, the Digital Pound Foundation (DPF) ran a “hands-on” workshop where participants looked to find the killer use case for a digital currency. Participants from central banks, the IMF, corporates and academia sat down to brainstorm why “Anthony’s granny”, the financially excluded/stretched, digitally native […]
Avalanche Expands Crypto Utility with Launch of Visa-Backed ‘Avalanche Card’
Avalanche has announced the launch of the Avalanche Card, a crypto-friendly payment solution designed to facilitate everyday spending of digital assets like WAVAX, USDC, and sAVAX. The card, powered by Rain Liquidity, allows users to make purchases anywhere Visa is accepted, with the convenience of both physical and virtual cards. Initially available to residents in […]
