The Risks of Unregulated Stablecoins: Bank of Korea’s Warning South Korea’s central bank, the Bank of Korea, recently raised concerns over the proliferation of unregulated stablecoins in the financial market. The warning issued by the central bank highlighted the potential economic chaos that could ensue if multiple stablecoin issuers are allowed to operate without clear […]
CFTC removes crypto derivatives advisories to align with traditional finance
CFTC Removes Crypto Derivatives Advisories to Align with Traditional Finance In a significant move that signals a shift towards mainstream acceptance of cryptocurrencies, the Commodity Futures Trading Commission (CFTC) has decided to remove crypto derivatives advisories. This decision is aimed at aligning the regulatory framework for digital assets more closely with traditional financial markets, thereby […]
US lawmakers form working group to shape crypto policy
US Lawmakers Form Working Group to Shape Crypto Policy In the ever-changing landscape of cryptocurrency, it can be challenging for regulators to keep up with the rapid pace of innovation. However, a recent development signals a proactive approach to addressing this issue. US lawmakers have formed a working group with the aim of bringing clarity […]
Trump Plans to Hand Crypto Regulation to CFTC
In a bold move that could reshape the landscape of cryptocurrency regulation in the United States, former President Donald Trump is rumored to plan a shift of oversight authority to the Commodity Futures Trading Commission (CFTC). This potential development raises important questions about the future of digital asset governance, innovation, and market stability. Historically, the […]