As the U.S. Commodity Futures Trading Commission (CFTC) prepares for a leadership change with the upcoming resignation of Rostin Behnam effective January 20, a pivotal shift in the regulatory landscape for cryptocurrencies is anticipated. This timing aligns with the inauguration of President-elect Donald Trump, signaling a significant moment for the regulatory body. Behnam’s departure opens
Regulation
In a significant move shaking the foundations of Portugal’s financial landscape, Banco de Investimentos Globais (BiG) has initiated a blockade on fiat transfers to cryptocurrency platforms. The bank’s decision, highlighted by José Maria Macedo, co-founder of Delphi Labs, stems from compliance with stringent guidelines set forth by prominent regulatory bodies including the European Central Bank
In recent years, particularly over the last three, the intersection of cryptocurrency and traditional banking has proven to be fraught with challenges. According to a report from The Wall Street Journal, approximately 120 out of 160 hedge funds involved in cryptocurrency investments have encountered significant barriers in securing banking services. This statistic, drawn from a
As the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), the landscape for stablecoin issuers is undergoing significant transformation. One of the most notable developments is Tether’s recent investment in StablR, a European stablecoin issuer. This strategic move reflects a broader effort not only to align with regulatory demands but also to
In light of the European Union’s upcoming regulatory changes, the cryptocurrency landscape is bracing for a period of transformation. The Markets in Cryptoassets (MiCA) framework, which will come into effect on December 30, is engineered to enhance the oversight of crypto markets. However, the immediate implications of these regulations are causing unease, particularly regarding liquidity
In a significant move to solidify its position in the cryptocurrency landscape, Tether, the issuer of the USDT stablecoin, has enhanced its Bitcoin portfolio by acquiring 7,629 BTC, amounting to approximately $705 million. According to on-chain analysis conducted by Arkham Intelligence, this latest purchase brings Tether’s total Bitcoin holdings to an impressive 82,983 BTC, equivalent
As the landscape of finance evolves, traditional institutions are increasingly looking toward the world of cryptocurrency. A noteworthy example is Morgan Stanley’s subsidiary, E-Trade, which is on the verge of introducing crypto trading services. This strategic decision is fueled by expectations of a more favorable regulatory atmosphere following the recent political transition. Analysts have taken
Recently, the Internal Revenue Service (IRS) announced a temporary reprieve regarding its rules on crypto cost-basis reporting. This move indicates the agency’s recognition of the intricate landscape of cryptocurrency taxation and underscores the necessity for regulatory frameworks to adapt in response to the dynamic nature of the digital asset market. The relief postpones a rule
MoonPay, a prominent player in the crypto payment space, has recently garnered a significant achievement: the approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This critical milestone, validated by the Netherlands’ Authority for the Financial Markets (AFM), equips MoonPay with the authority to provide its extensive range of services across the
Recent developments in the regulatory landscape surrounding decentralized finance (DeFi) have ignited a sharp response from various stakeholders in the cryptocurrency domain. Andreessen Horowitz’s blockchain division, known as A16z Crypto, has publicly taken a stand against the U.S. Internal Revenue Service (IRS) and the Department of the Treasury after they issued new broker rules affecting
