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Browsing Category
Regulations
UK crypto investors face banking barriers amid regulatory tension
Four in 10 crypto investors in Britain reported that their banks blocked or slowed payments to digital asset platforms, highlighting growing tension between traditional finance and the country’s crypto sector.The findings come from an IG…
UK targets Russian crypto ties in new sanctions wave
The UK government has imposed new sanctions on entities tied to Russia’s use of cryptocurrencies to bypass Western restrictions.In an Aug. 20 statement, UK authorities said Russia has turned to Kyrgyz financial institutions and opaque…
Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve
Brazil’s Chamber of Deputies Economic Development Commission will hold its first hearing on Aug. 20 to examine a proposal to establish a Bitcoin Strategic Reserve (RESBit) worth up to $18.6 billion.As Agência Câmara de Notícias reported,…
Federal Reserve says US banks should serve crypto without fear of penalties
Federal Reserve Vice Chair for Supervision Michelle Bowman acknowledged that crypto firms experienced debanking due to regulatory uncertainty.During the Wyoming Blockchain Symposium on Aug. 19, Bowman also announced a fundamental shift in…
Senate Banking Chairman Tim Scott predicts up to 18 Democrats to break ranks on sweeping crypto law
Senate Banking Committee Chairman Tim Scott reportedly predicts that 12 to 18 Democrats will support comprehensive crypto market structure legislation.According to Aug. 19 reports, Scott is conducting individual meetings with Democratic…
Wyoming launches FRNT, the first US state-issued stablecoin
Wyoming has introduced the Frontier Stable Token (FRNT), the first stablecoin created and issued by a US government entity, according to an Aug. 19 announcement.Formerly called the Wyoming Stable Token (WYST), FRNT aims to deliver fast,…
Trump blasted for ‘bro’ culture as Illinois Governor enacts tough crypto rules shaking…
Illinois Governor JB Pritzker criticized President Donald Trump for allowing crypto insiders to shape federal policy, saying the approach puts investors at risk.In an Aug. 18 post on X, Pritzker contrasted Trump’s approach to his state’s…
SEC delays decisions on several crypto ETFs amid work on streamlined approval process
The Securities and Exchange Commission (SEC) delayed decisions on nine crypto exchange-traded fund (ETF) applications on Aug. 18.The delays extended review periods for products related to digital assets, spanning Bitcoin, XRP, Litecoin,…
Fed integrates crypto banking oversight into standard regulatory processes, ends additional scrutiny
The Federal Reserve (Fed) announced it will shut down its program with additional scrutiny over crypto and fintech activities.On an August 15 statement, the central bank said it will sunset the Novel Activities Supervision Program and…
Crypto executives urge Donald Trump to stop new bank fees
Over 80 executives from leading crypto and fintech companies, including Gemini, Andreessen Horowitz, Paradigm, and Kraken, have called on US President Donald Trump to block new bank-imposed fees for accessing consumer financial data.In an…
