The fintech environment in the UK is on the cusp of a notable evolution with the anticipated launch of GBPA, a stablecoin pegged to the British pound. Developed by Agant, this initiative aims to meet the surging demand for stable and regulated digital currency options. With over 6 million individuals and a substantial 32% of
Regulation
Jesse Powell, the visionary behind the prominent cryptocurrency exchange Kraken, has emerged as a vocal advocate for Brian Brooks in the race for the next Chair of the Securities and Exchange Commission (SEC). In a recent commentary made on Nov. 19 via social media platform X, Powell underscored Brooks’ extensive background and his comprehensive grasp
In a bold move that intertwines cryptocurrency with national defense, Major Jason Lowery of the U.S. Space Force has made headlines by applying to be a military advisor on the National Security Council (NSC) and the White House Office of Science & Technology Policy (OSTP). His initiative reflects a forward-thinking approach towards leveraging Proof-of-Work (PoW)
The cryptocurrency landscape has been a hotbed of regulatory debate, especially under the leadership of the U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler. The recent outcry from Tyler Winklevoss, co-founder of the Gemini exchange, encapsulates a growing sentiment amid industry stakeholders regarding Gensler’s conduct and its implications. This article aims to analyze the
The 2024 presidential campaign has reignited discussions around cryptocurrency regulation in the United States, particularly due to Donald Trump’s promises to reduce enforcement in this sector. Current and former legal professionals have hinted that with Trump’s administration, the approach to prosecuting crypto-related offenses will experience a significant shift. The emphasis on strict regulatory oversight appears
In a significant repositioning, the US Attorney’s Office for the Southern District of New York has announced a plan to recalibrate its focus on prosecuting cryptocurrency-related crimes. Leading this initiative is Scott Hartman, co-chief of the securities and commodities task force, who confirmed the new direction during a recent legal conference. The shift comes in
In a recent advisory issued on November 15, the Hong Kong Monetary Authority (HKMA) has issued a stern warning to residents about potential deception from foreign cryptocurrency companies masquerading as banks. This notice highlights the increasing prevalence of overseas crypto firms that attempt to gain credibility and trust by presenting themselves as financial institutions. Such
Christopher Giancarlo, the former Chair of the Commodity Futures Trading Commission (CFTC), recently found himself in the spotlight as rumors circulated about his potential candidacy for the next Chair of the US Securities and Exchange Commission (SEC). In a clear dismissal, Giancarlo denied these speculations and expressed a disinterest in any crypto-related position within the
In a rapidly evolving digital economy, the realm of cryptocurrencies often finds itself at the intersection of innovation and regulation. Recent discussions led by the Digital Chamber of Commerce are pushing for a reevaluation of existing prohibitions on federal employees holding cryptocurrency. Currently, federal regulations implemented in 2022 explicitly bar government staff from owning any
China’s strict regulatory framework regarding cryptocurrencies has long been a subject of international scrutiny, particularly as global acceptance of Bitcoin and other digital assets grows. Recent insights from Xiao Feng, CEO of Hashkey Group, indicate that potential shifts in U.S. policy under a pro-crypto Trump administration could profoundly influence China’s approach to digital currencies. This
