In an era where technological advancements are rapidly reshaping the financial landscape, Iran has taken a significant step towards modernizing its banking sector with the introduction of a Central Bank Digital Currency (CBDC), known as the Digital Rial. Governor of the Central Bank, Mohammad Reza Farzin, announced the initiative on November 25 during the 11th
Regulation
Recent findings from the Financial Conduct Authority (FCA) indicate a notable rise in cryptocurrency ownership in the UK, with the figure climbing to 12% of adults, up from 10%. This growth reflects a significant shift in public attitudes toward digital assets, suggesting that more individuals are willing to engage with this innovative form of investment.
In a bold move to reshape the landscape of digital asset regulation in the United States, the Blockchain Association, a prominent nonprofit entity dedicated to advocating for the interests of blockchain and cryptocurrency firms, has issued a compelling letter to President-elect Donald Trump and members of Congress. Signed by CEO Kristin Smith, this correspondence outlines
Gary Gensler, who has been steering the US Securities and Exchange Commission (SEC) since April 2021, announced his resignation will take effect on January 20, 2025. This date marks a significant transition as it coincides with the inauguration of President-elect Donald Trump. Gensler describes his experience as chairman as an “honor,” expressing his admiration for
In a landmark ruling on November 21, a federal court in Texas invalidated the Securities and Exchange Commission’s (SEC) controversial dealer rule, which aimed to extend the agency’s regulatory reach within the cryptocurrency sector. The U.S. District Court for the Northern District of Texas concluded that the SEC had overstepped its statutory boundaries, rendering the
The potential appointment of Chris Giancarlo, the former Chair of the Commodity Futures Trading Commission (CFTC), as the inaugural “crypto czar” reflects a significant pivot in U.S. cryptocurrency governance. Reportedly emerging as the top candidate for this newly proposed position, Giancarlo’s background in regulatory oversight combined with his advocacy for technological innovation positions him uniquely
The financial landscape of the United Kingdom is on the brink of a transformation with Agant’s upcoming launch of the GBPA stablecoin. This innovative digital currency, pegged to the British pound sterling, seeks to fill a critical void in the current digital asset ecosystem—namely, the lack of a reliable and regulated GBP stablecoin. With a
In the ever-evolving landscape of cryptocurrency regulation, Jesse Powell, the influential founder of the Kraken exchange, has emerged as a vocal proponent for Brian Brooks as the next Chair of the Securities and Exchange Commission (SEC). This endorsement was articulated in a post on X, where Powell expressed his admiration for Brooks’ deep knowledge and
The evolving landscape of national security necessitates an unconventional mindset, and leaders like Major Jason Lowery are increasingly stepping into the limelight to propose transformative ideas. As a member of the U.S. Space Force, Lowery has recently made headlines with his application to become a military advisor on the National Security Council (NSC) and the
The recent electoral victory of Donald Trump has raised critical discussions regarding the future of cryptocurrency regulation in the United States. Throughout his campaign, Trump made clear promises to ease the government’s enforcement stance on cryptocurrencies. Current and former government lawyers suggest that this change in leadership will significantly influence how regulatory agencies prioritize their
