Your Daily Digest of Global Stories
South Korea is contemplating lifting the de facto ban on institutional investment in cryptocurrencies. This decision aligns with the campaign promises of President Yoon Suk-yeol, who has promoted a stronger digital asset sector in the Asian country. The news becomes especially relevant just as Donald Trump is about to take office as the first pro-bitcoin…
Uncertainty and misinformation combined to drive declines in the USDT market. Exchanges have a grace period of 6 to 18 months, to comply with MiCA. With the recent entry into force of the Regulation on the Market in Cryptoassets (MiCA) in the European Union, USDT (Tether) has been in the eyes of many. This is…
The US Federal Reserve Board said today that Michael Barr will step down as vice president of banking supervision, although he will continue his duties as a member of the Federal Reserve Board of Governors, meaning there will be no new vacancy. on the seven-member board of governors. As the Federal Reserve’s chief banking regulator,…
25 letters from the United States Federal Deposit Insurance Corporation (FDIC) came to light to confirm that the regulatory agency, starting in 2022, ordered banks to stop their activities with bitcoin (BTC) and other cryptocurrencies. The documents confirm long-held suspicions within the digital assets industry that federal regulators had coordinated to block banks’ free access…
The Central American nation saves in BTC thinking about its economic growth. They propose bitcoin reserves in Hong Kong, ahead of China. The People’s Bank of China (PBOC) has stressed the need for regulation for the bitcoin (BTC) sector and other cryptocurrencies. This happens just a week after representatives of that Asian country met with…
For years, Argentina has been living with an “exchange trap”, consisting of a set of rules that prevent the normal use and access of people and companies to the exchange market. And although President Javier Milei has promised that this trap will be eliminated in 2025, the date has not been defined; Some even venture…
The United States Internal Revenue Service (IRS) issued new regulations targeting decentralized finance (DeFi) companies and their users. According to the document published by the agency, DeFi companies will be required to collect and report detailed information about customers and their transactionsaligning with the tax obligations of traditional brokers. IRS notes that DeFi platforms will…
The National Bank of Cambodia now allows – for the first time in its history – commercial banks and financial institutions under its regulatory orbit to provide services related to stablecoins. According to a release of the financial institution, the new provision is intended regulate operations with this type of digital assets. As explained in…
With the entry into force in Europe of the Regulation for the Cryptoasset Market (MiCA), this Monday, December 30, the Spanish authorities announce the measures that will be implemented in the coming days and issue warnings to investors. In a release recently, the National Securities Market Commission (CNMV) clarified the deadlines and obligations that must…
For the first time, the Argentine Justice ordered the Tether company to freeze a wallet holding the USDT stablecoin. It is approximately 3.5 million USDT linked to alleged pyramid platform, Rainbowex. According to the information provided by the weekly The Opinionof Saint Peter and Radio Alta Gracia“all cryptocurrency wallets and bank accounts in the name…
