The European Banking Authority (EBA) recently released comprehensive guidelines focusing on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. This new framework is crucial for maintaining compliance with regulatory standards and ensuring the stability of the crypto-asset market in the EU. The guidelines introduced
Regulation
The Chairperson of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently expressed his confidence in the agency’s ability to take on more responsibilities related to cryptocurrencies. During a hearing before the Senate Committee on Appropriations, Behnam dismissed concerns that the CFTC would be overwhelmed by expanding its authority to include crypto commodities. He emphasized
Recently, Coinbase CEO Brian Armstrong announced that one million people have joined the ‘Stand With Crypto’ movement as advocates for the industry. This surge in support is seen as a significant milestone, with Armstrong noting that “That’s a lot of voters!” The movement gained momentum particularly after a Whitehouse veto threat, which resulted in 600,000
Nadine Chakar, the global head and managing director of DTCC Digital Assets, recently presented a convincing argument regarding the advantages of tokenization during her testimony before the House Financial Services Subcommittee on Digital Assets. In her testimony, Chakar emphasized the transformative impact of tokenizing real-world assets and how it could benefit the US financial markets.
Bybit recently made a decision that has sent shockwaves through the cryptocurrency community. The exchange has removed China from the list of countries whose citizens are restricted from using its services. This unexpected move has raised eyebrows and sparked debates about the implications for both Bybit and the Chinese market. By allowing Chinese users to
Binance, a global blockchain ecosystem and cryptocurrency exchange giant, has recently announced the launch of the inaugural Binance World Championship. With a staggering rewards pool of over $4.2 million, this competition is set to make waves in the world of cryptocurrency. The championship is not just about the prizes, but about celebrating the diverse range
The recent announcement by Binance regarding the restriction of “unregulated stablecoins” in the European Union has sent shockwaves through the crypto market. The move is in line with the upcoming Markets in Crypto-Assets Regulation (MiCA), which aims to bring more regulatory clarity to the industry. Binance’s decision to limit the availability of certain stablecoins will
In a recent blog post, Coinbase CEO Brian Armstrong stressed the need for regulatory clarity in the crypto industry. He highlighted the significant investment Coinbase has made in policy efforts and emphasized the company’s commitment to continuing these investments as regulations evolve globally. Armstrong outlined two primary paths to achieving regulatory clarity: creating new case
Ripple, a prominent player in the cryptocurrency industry, has recently made headlines by contributing $25 million to the Fairshake super PAC. This move is part of a broader industry-wide effort to advocate for pro-crypto policies and politicians. The decision to boost Fairshake’s efforts comes at a critical time for Ripple, as the company is currently
In a recent Harris Poll survey funded by Grayscale, it was found that a significant number of American voters are turning to Bitcoin as a result of geopolitical tensions and inflation. One key finding from the survey is that one in three U.S. voters will consider a political candidate’s stance on cryptocurrencies before casting their