Hong Kong Customs has plans to work with the University of Hong Kong to develop its own cryptocurrency transaction tracer. This three-pillar initiative reflects the need to address the growing use of digital assets in money laundering operations. The move follows a string of other high-profile cases involving cryptocurrency. Thailand...
Nigeria, a nation ranking second globally in cryptocurrency adoption, faces a pivotal moment as its new Investment and Securities Act (ISA) 2025 misclassifies Bitcoin as a security. This decision comes at a time of unprecedented cryptocurrency movements. Between July 2023 and June 2024, the nation experienced a staggering $125 billion...
Ripple Labs CEO Brad Garlinghouse would agree — he claims that Circle’s recent initial public offering (IPO) is an obvious harbinger of the advancement. He thinks U.S. regulation of stablecoins is imminent. This emotion is compounded by recent bills passed in the U.S. and other jurisdictions.Garlinghouse shared his optimism for...
U.S. crypto regulation is at a critical juncture as Parliamentarians continue to consider stablecoin legislation. Lawmakers are grappling with the balance between fostering innovation and ensuring investor protection in the rapidly evolving digital asset landscape. Looking ahead, recent conversations have shone a light on the bipartisan willingness to develop transparent...
The Securities and Exchange Commission (SEC) is already considering a new framework. This first-of-its-kind initiative should provide the conditional exemptions needed to spur innovation in the cryptocurrency space. Paul Atkins is spearheading this new initiative, which would be a remarkable departure in the SEC’s long-standing strategy to regulate digital assets....
XRP has been exhibiting signs of a major breakout, conditions amplified by favorable legal returns alongside an uptick in market activity. Trading volume has recently hit new highs. This bullish technical pattern implies a price target of $15. This bullish report comes on the heels of Ripple Labs’ major win...
Picoin, the token of the controversial Pi Network, has successfully launched its Open Mainnet. This is a major boost for widespread and mainstream cryptocurrency acceptance. This launch enables users to transfer Picoin outside of the Pi Network for the first time, broadening its potential use cases. TransFund is preparing to...
The Department of Justice (DOJ) has announced steps to sharpen its own cryptocurrency enforcement. Specifically, they are prioritizing protecting investors and addressing regulatory ambiguity. The new strategy emphasizes prosecuting criminal activity within the digital asset space while deferring to regulatory bodies for compliance oversight. Taken together, these recent moves represent...
Ondo Finance, a firm involved in efforts to launch crypto-linked exchange-traded funds, donated $1 million on April 22 to support Donald Trump's 2024 campaign or inauguration fund. Following the generous donation, the SEC’s newly-formed crypto task force met on April 24. This meeting was just a continuing step in their...
Stablecoins, cryptocurrencies pegged to the U.S. dollar, have emerged as a focal point in Washington's evolving approach to digital assets. With a market capitalization of $238 billion, up from $152 billion the previous year, stablecoins are increasingly utilized for various applications, including cross-border payments and decentralized finance. Lawmakers are now...
