cryptocurrency regulations

Two major U.S. federal agencies — the Department of the Treasury and the Internal Revenue Service (IRS) — have jointly introduced a comprehensive set of cryptocurrency regulations. The initiative underscores the growing importance of digital assets in the financial landscape and the...

Cryptocurrency exchange Binance is reassessing its operations in Russia, contemplating potential strategies including a complete departure from the market that once held significant value but has since become problematic. A representative from the company told The Wall Street Journal, "...

Singapore's law enforcement detained 10 individuals, predominantly holding Chinese passports, on allegations of money laundering, capturing assets valued around S$1 billion ($735 million), which encompassed cryptocurrencies. On Wednesday, local police disclosed that these arrests were linked to...

The market for stablecoins, digital currencies anchored to assets like the U.S. dollar, is projected to surge from its current value of $125 billion to a staggering $2.8 trillion within the next half-decade, according to a study. A Bernstein report suggests that as these digital currencies...

Kuwait joined the list of jurisdictions implementing a comprehensive ban on cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), as the country's main financial regulator, the Capital Markets Authority (CMA), issued a circular outlining strict guidelines for...

The U.S. Securities and Exchange Commission (SEC) is set to initiate the approval process for Spot Bitcoin ETFs, with eight different applicants listed on the federal register. The SEC has also invited public feedback through a document released last week. Leading asset management firms, BlackRock...

Nasdaq Inc (NASDAQ: NDAQ) decided to abandon its plans to offer a cryptocurrency custody service due to business and regulatory challenges, according to CEO Adena Friedman. Friedman made the announcement during an earnings call on Wednesday, The Block reported. "This quarter, considering...

The former CEO and co-founder of the now-defunct cryptocurrency lender Celsius (CRYPTO: CEL), Alex Mashinsky, was taken into custody on Thursday. This arrest comes in the wake of a Department of Justice inquiry into the downfall of the company, Bloomberg reported, quoting sources. The...

JPMorgan Chase & Co (NYSE: JPM) expressed skepticism about the potential impact of approval of a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). According to the banking giant, despite heightened optimism about the SEC granting...

Beleaguered crypto lending platform Celsius, which filed for bankruptcy in July 2022, received the green light to begin liquidating its cryptocurrency holdings in preparation for distribution to its creditors. The authorization was granted by Bankruptcy Judge Martin Glenn of the Southern...

About 63.5% of institutional players who took part in a Binance survey held an optimistic perspective on the cryptocurrency sector. Of the 208 participants, who are either institutional clients or VIP users of Binance, 88% anticipate a bright future over the coming decade. Dubbed the "...

Members of the Slovakia Parliament cast their votes in favor of an amendment that will bring down the tax on cryptocurrency profits, among other measures impacting cryptocurrency holders. What Happened: Lawmakers in Slovakia approved an amendment on June 28 that entails a reduction...

The Monetary Authority of Singapore (MAS) has released a report outlining a proposed framework for the creation of open, interoperable networks for digital assets, such as tokenized real-economy and financial assets. The report, titled "Enabling Open & Interoperable Networks," was...

Bitcoin (CRYPTO: BTC) solidified its position as the king of cryptocurrencies, with its dominance in the total market capitalization of cryptocurrencies surpassing 51%. This indicates Bitcoin's market value constitutes over half of the entire $1.1 trillion cryptocurrency market. As per...

The U.S. Securities and Exchange Commission (SEC) clarified on Tuesday that it has not yet reached a resolution on Coinbase Global Inc's (NASDAQ: COIN) request for rulemaking. The statement was made in response to a court order inquiring about the regulator's stance on Coinbase's...