The South Korean Financial Services Commission (FSC) will mandate non-profit organizations and cryptocurrency exchanges to comply with a strict customer verification process from June. In an official release, the country’s top financial regulator announced that these entities will be allowed to sell digital assets under the new regulations. Non-profits are allowed to sell cryptos that […]
The Senate made big progress on stablecoin regulation Monday, advancing the GENIUS Act with a bipartisan vote of 66-32. This bill, which would regulate stablecoins for the first time at the federal level, marks a key step toward establishing comprehensive oversight for digital currencies pegged to fiat currencies, like the US dollar. The vote to
Senate Votes 66-32 to Advance GENIUS Act, Marking Progress in Stablecoin Regulation Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nearly a week after failing to pass a vote in the US Senate, the crypto industry-backed stablecoin legislation is reportedly getting a bipartisan push to be revived in the upcoming days. US Senators Push For Stablecoin Bill Revival On Tuesday, news outlet
Failed Stablecoin Bill Gets Bipartisan Push From US Senators Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On a negative development for the US crypto industry, the highly anticipated stablecoins legislation has failed to advance in the US Senate after not receiving enough support from Senate Democrats. Several Republican senators have slammed the Democratic lawmakers for putting “partisan politics
Senators Slam Stablecoin Bill Failure Over Partisan Politics Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A US Federal court has ruled that the Department of the Treasury is barred from reinstating its sanctions against crypto mixer Tornado Cash. The decision follows the Treasury Department’s attempt to claim the case was moot after delisting the protocol from the
OFAC Barred From Reinstating Sanctions Read More »
