As cryptocurrency valuations escalate at unprecedented rates, a troubling narrative is emerging within the corridors of European financial institutions. Central to this discourse is the notion that the burgeoning crypto market could exact a significant toll on global financial stability. The Joint Committee of the European Supervisory Authorities (ESAs) has taken a strong stance, alerting
Regulation
In an era where the digital economy is evolving at a breathtaking pace, the establishment of the Solana Policy Institute (SPI) represents a critical juncture not just for Solana, but for the entire realm of decentralized technology. Launched on March 31 by former DeFi Education Fund CEO Miller Whitehouse-Levine, SPI aims to educate lawmakers and
The Federal Deposit Insurance Corporation (FDIC) has recently announced a monumental shift in its regulatory stance towards cryptocurrency-related activities. As articulated in Financial Institution Letter (FIL-7-2025), acting banks under FDIC oversight can engage in crypto pursuits without the precondition of agency approval, provided they adhere to established safety and soundness standards. This change marks a
In a striking juxtaposition to the regulatory chaos enveloping South Korea’s digital asset landscape, Dunamu, the parent company of the nation’s most prominent cryptocurrency exchange, UPbit, has recently unveiled its stellar financial performance for 2024. With an impressive 85.1% increase in operating profits, reaching 1.19 trillion won (approximately $682 million), it’s hard to overlook how
South Korea’s Financial Intelligence Unit (FIU) has recently blocked access to 17 foreign cryptocurrency exchange apps on Google Play. The decision came in light of these exchanges operating without proper registration, an action primarily aimed at mitigating financial crimes such as money laundering. Among the affected platforms are notable names such as KuCoin and Poloniex.
The recent surge of legislative action in Arizona, Kentucky, and Oklahoma marks a significant turning point in the realm of cryptocurrency in the United States. These states are not merely flirting with Bitcoin; they are diving into the deep end with legislation designed to solidify Bitcoin’s role within their economies. This proactive stance raises critical
Arthur Hayes, the co-founder of BitMEX, has undergone a significant transformation in his outlook toward Bitcoin, moving from a bearish stance to an unabashedly bullish one. Initially predicting a further downturn where BTC might dip to around $70,000, Hayes has flipped the narrative, suggesting that Bitcoin is now more apt to reach $110,000 in the
Australia stands at a significant crossroads as it embarks on a transformative journey to regulate its cryptocurrency landscape. The recent declaration by the Treasury regarding the development of a robust digital asset framework signals a pivotal shift that aims to instill confidence and foster innovation. With the rapid evolution of cryptocurrency, the opportunity for regulatory
The regulatory landscape for cryptocurrencies in Europe is evolving, with Germany’s Federal Financial Supervisory Authority (BaFin) at the forefront. Recently, BaFin rejected Ethena Labs’ application to issue asset-referenced tokens under the European Union’s Markets in Crypto-Assets Regulation (MiCAR). This decision was fueled by a mix of operational deficiencies and rising concerns that the sUSDe token
The recent statements from Philip Lane, Chief Economist of the European Central Bank (ECB), underline a growing chorus among European leaders regarding the necessity of a digital euro. The increasing dependency on foreign payment systems operates not only as a financial weakness but reveals a deeper vulnerability in the face of global geopolitical shifts. To