The IMF report finds that Kenya lacks crypto-specific regulations, as existing frameworks under the CMA Act and CBK Act provide limited applicability, which led to market uncertainty and regulatory gaps.…
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.…
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…
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 and Senator Ihenyen
The European Union (EU)’s Markets in Crypto Assets (MiCA) Regulation entered into force on 30 December 2024. MiCA is the first European regulation governing the cryptocurrency…
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…
The licensing showcases Hong Kong’s friendly approach to digital assets regulation, compared with mainland China’s restrictive approach. Hong Kong has also been proactive, as Eric Yip, SFC’s Executive Director of…