by Jude Ayua
Bank of America CEO Brian Moynihan stated in a recent interview with CNBC that the US banking sector would adopt cryptocurrencies for payments if regulators permit it.…
The US SEC noted the task force will collaborate with its staff, drawing from talent across the agency, and the public to guide the SEC on “a regulatory path that…
US President Trump signed a new executive order on 23 January 2025, titled “Strengthening American Leadership in Digital Financial Technology.” The executive order outlines the US government’s approach to digital…
Trump’s new executive order positions the US as a leader in digital financial technology, giving wider opportunities for digital asset adoption in the country. The order bans central bank digital…
by Jude Ayua
The US Court of Appeals for the Third Circuit, on 13 January 2025, ruled against the US SEC’s denial of Coinbase’s request for specific digital asset regulations.
“We will…
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.…
One of the most egregious triggers for account restrictions is the failure to meet KYC requirements, particularly the “proof of funds” provision. While KYC is a critical component of anti-money laundering (AML)…
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…
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…