Money

The US Treasury Department is set to prioritize addressing the risks posed by cryptocurrencies and emerging technologies in the near future through the implementation of comprehensive regulations. The department’s 2024 National Strategy for Combating Terrorist and Other Illicit Financing report includes digital assets as a key focus area. The strategy aims to combat the misuse
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Bitcoin has been experiencing a period of stagnation in recent months, with minimal movement in either direction. In previous cycles, significant growth in the value of Bitcoin was often associated with an increase in the global money supply, signaling times of high liquidity and investor risk appetite. However, the current cycle has not followed this
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Recently, Oklahoma made a significant move in the world of cryptocurrency by signing into law a bill that protects crypto-related rights. This legislation, known as HB 3594, was approved by Governor Kevin Stitt on May 13 and will come into effect on Nov. 1. The new law prohibits the Oklahoma state government from placing any
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Recently, Senators Cynthia Lummis and Ron Wyden raised concerns about the Department of Justice’s attempt to expand the definition of a money-transmitting business. They argued that the DOJ’s broad interpretation could potentially criminalize non-custodial crypto asset software services. This has sparked a debate on the implications of such a move. The Department of Justice’s argument
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The International Monetary Fund (IMF) recently suggested that Nigeria should consider embracing the regulated use of digital assets by licensing international crypto exchanges. This proposal was included in the IMF’s consultation report for Nigeria, with the aim of enhancing the country’s economic stability and solidifying its position within the African crypto sector. The recommendation comes
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Monero (XMR) has recently seen a surge in discussions on social media platforms following the announcement of LocalMonero’s closure. This increase in attention comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies like Monero. The closure of LocalMonero, a peer-to-peer exchange based on Monero, has sparked conversations about
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