Regulation

South Korea’s decision to suspend its ambitious CBDC pilot seems to mark a retreat from a bold vision of monetary innovation. Initially, the Bank of Korea (BOK) aimed to position itself at the forefront of digital currency development through its Project Han River, a pioneering effort to modernize the nation’s financial infrastructure. However, mounting financial
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The Financial Action Task Force (FATF) paints a troubling portrait of the so-called advancements in global cryptocurrency regulation. While headlines trumpet incremental progress—such as 73% of surveyed jurisdictions adopting laws aligned with the Travel Rule—the reality beneath this veneer is starkly different. The enforcement of these laws remains largely superficial and ineffective. Nearly 60% of
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In a groundbreaking move, the Federal Housing Finance Agency (FHFA) Director, Willian J. Pulte, has tasked Fannie Mae and Freddie Mac with a game-changing directive: to consider cryptocurrency reserves as eligible assets for single-family mortgage loans. This decision, made on June 25, marks a significant shift in how financial institutions assess risk. Cryptocurrencies have long
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In a rapidly evolving financial landscape, the call for Congress to create a solid framework for digital asset regulation has never been sharper. The Senate Banking Committee’s seven-point strategy, unveiled recently, highlights the urgent need for lawmakers to tackle the tumultuous waters of cryptocurrency and digital assets without unnecessary delay. With over 52 million Americans
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Ripple’s protracted legal struggle with the U.S. Securities and Exchange Commission (SEC) offers a profound insight into the murky waters of cryptocurrency regulation. Initially sparked by a complaint in December 2020, the lawsuit accused Ripple of unlawfully selling its XRP token as an unregistered security. After years of back-and-forth litigation, a court ruling in July
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