The Federal Reserve Board announced Barr’s resignation on 6 January, but will continue to serve as Board Governor. The Fed’s announcement mentioned that Barr submitted his resignation letter to President…
The Rules aim to create a clear regulatory framework for the Philippine crypto industry, provide investor protection, and ensure compliance with anti-money laundering (AML) and counter-financing of terrorism (CFT) standards.…
The Plan is for the payment of FTX’s customers who lost funds from its collapse in 2022. The Plan became effective on 3 January 2025 (Effective Date), with a set…
Stuart Alderoty, Chief Legal Officer of Ripple, recently challenged the U.S. Securities and Exchange Commission’s (U.S SEC) jurisdiction over transactions involving digital assets. In a post on X on 31…
The rules require DeFi brokers to report overall proceeds from certain digital assets transactions they facilitate for customers. The suit also added Janet Yellen, in her official capacity as Secretary…
Central Bank of Nigeria (CBN)’s Governor Mr. Olayemi Cardoso, recently unveiled two innovative digital payments solutions to aid the CBN’s operations. The Document Flow (DocFlow) System and the Ministries, Departments,…
This approval designates Binance as a licensed broker-dealer in Brazil, allowing it to acquire Sim;paul, a São Paulo-based investment platform authorized to distribute securities and issue electronic money. Binance became…
This new restriction adds to China’s series of regulations against cryptocurrency activities. The country views digital assets like bitcoin (BTC) as a potential threat to the nation’s financial stability. Since…
by Jude Ayua
The US Internal Revenue Service (IRS) has introduced 2024 regulations applicable to brokers that provide services to enable special digital asset sales and exchanges. Approved 5 December and…
If the details of IMF’s reforms are anything to go by, bitcoin (BTC) would have been robbed of its legal tender status in El Salvador. However, BTC will remain a…