The EU’s official journal has published the Markets in Crypto Assets (MiCA) regulation, which is a significant milestone for the regulation of the crypto industry. Janet Ho, Head of Policy for Europe at Chainalysis, has warned cryptocurrency companies to start preparing for MiCA as soon as possible to ensure regulatory compliance. While the new policy
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The US House Financial Services Committee Chair, Patrick T. McHenry, intends to hold a vote on a bill that would regulate digital assets by the middle of July. The bill in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as either a security or a commodity and regulate exchanges. Additionally, it would
Bank of China’s investment arm, BOCI, has taken a step towards simplifying digital asset markets and products for customers in the Asia-Pacific region. The bank has done so by becoming the first Chinese institution to issue $28 million worth of digital structured notes, tokenized on the main Ethereum blockchain network. The notes were initiated by
The US Department of the Treasury is exploring the privacy implications of a potential retail central bank digital currency (CBDC), according to Graham Steele, assistant secretary for financial institutions at US Treasury. Speaking at the Transform Payments US 2023 Conference in Texas, Steele said a retail CBDC could have both benefits and drawbacks, with privacy
Black & White Burger, a French fast food chain in Belgium, has recently announced that it will accept cryptocurrency payments in all of its 12 outlets across the nation. In addition to this, the chain has created a “mystery burger” that will only be available to customers who pay using cryptocurrency. The Partnership The fast
Circle CEO, Jeremy Allaire, has called for the urgent passing of a stablecoin bill, which he hopes will be signed by President Joe Biden. He argues that other countries are already making progress in this area, with new laws being established in the European Union, Japan, and Hong Kong to regulate the use of US-issued
Leaders of the crypto and fintech industry groups from Russia and Iran have recently discussed the potential use of tokens to evade sanctions and facilitate trade between the two countries. This conversation took place during a panel discussion on crypto adoption at the International Exhibition of Financial Industries in Tehran. The panel included Iranian government
Binance.US and its CEO Changpeng Zhao have argued against the US Securities and Exchange Commission’s (SEC) temporary restraining order to freeze its assets. The lawyers stated that there was no risk to customer assets and that the SEC’s proposed restraining order should be denied. They argued that the SEC had manufactured an emergency for its
Binance.US has hired four lawyers, including George Canellos, a former co-director of the US Securities and Exchange Commission (SEC) enforcement division, to fight recent charges brought by the regulator. Canellos, who is now a partner at Milbank LLP, has served as a director of the SEC’s New York Regional Office and as acting director and
On Monday, House Republicans introduced a bill that would remove Gary Gensler, the current US Securities and Exchange Commission (SEC) Chair, and restructure the agency. The SEC Stabilization Act was introduced by Reps. Tom Emmer and Warren Davidson. Reason for the Bill According to a statement from House Majority Whip Emmer’s office, the bill aims