Key Takeaways Hong Kong’s ambition to build a regulated stablecoin hub is now facing major headwinds. The Hong Kong Monetary Authority (HKMA) has circulated draft rules for consultation that would lower capital requirements for banks dealing with crypto, but mainland-linked…
Key Takeaways Kazakhstan is gearing up to make big strides in the cryptocurrency space. According to President Kassym-Jomart Tokayev, the country is exploring the development of a national cryptocurrency reserve. He made the remark during his annual address on Monday.…
Key Takeaways Leading algorithmic trading firm Wintermute has called on the U.S. Securities and Exchange Commission (SEC) to clarify how crypto tokens and broker-dealer activity should be regulated. In a letter submitted on September 3, the company warned that without…
Key Takeaways Japan’s regulatory body Financial Services Agency (FSA) has proposed moving cryptocurrencies under the country’s Financial Instruments and Exchange Act (FIEA), a framework traditionally used to regulate securities. The idea was outlined on September 2 during a Financial System…
Key Takeaways In a significant development, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released a joint staff statement on Tuesday outlining a coordinated framework for overseeing spot crypto trading in the United States. The…
Key Takeaways Bitwise Investment Advisers has moved to launch a Chainlink (LINK) spot exchange-traded fund in the United States, submitting a preliminary S-1 registration with the Securities and Exchange Commission(SEC). If approved, it would be the first ETF in the…
Key Takeaways Ronit Ghose, head of Citi’s Future of Finance, has cautioned that allowing stablecoins to pay interest may trigger a significant shift of funds out of traditional banks, drawing comparisons to the money market boom of the late 20th…
Key Takeaways In a major development, three leading market organisations have urged regulators to tighten supervision of tokenised stocks, warning that the emerging products pose risks to investors and could undermine confidence in financial markets. In a letter addressed to…
Earlier in August 2025, following a four-week trial, the US District Court for the Southern District of New York (SDNY) found Tornado Cash co-founder and developer Roman Storm guilty of charges tied to a conspiracy to run an unlicensed money…
Key Takeaways In a significant development, the Federal Reserve said it will discontinue a supervisory programme introduced in 2023 to oversee banks engaged in activities linked to crypto assets and distributed ledger technology. In a notice released on Friday, the…
