In a recent interview, U.S. Treasury Secretary Janet Yellen has sparked a heated debate with her statement that the United States can “certainly afford” to engage in two wars simultaneously. This comes at a time when the U.S. is providing aid to Ukraine and Israel amidst ongoing conflicts. Yellen’s assertion is based on the belief […]
In the ongoing debate surrounding the issuance of a central bank digital currency (CBDC) in the United States, Federal Reserve Board member, Bowman, has expressed skepticism. While various arguments have been put forth in favor of a CBDC, such as addressing payment system frictions, promoting financial inclusion, and providing access to safe central bank money, […]
The IOTA Foundation has been selected to participate in the official startup delegation of the United Arab Emirates (UAE) at the CEATEC conference in Japan. This recognition highlights IOTA’s contribution to advancing Web3 and Web2 technologies. With its groundbreaking Tangle technology, IOTA aims to showcase its potential impact on the Japanese and global markets at […]
Cryptocurrency exchange Binance.US has made changes to its terms of service, indicating that direct withdrawals in USD are no longer supported on the platform. The updated terms state that users can convert their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts. This change has caused concern […]
In the absence of specific policies, the regulation of cryptocurrency in the United States has fallen into the hands of judges in bankruptcy proceedings. This situation has both positive and negative implications for the industry. On the positive side, it allows for flexibility and adaptability in addressing the unique challenges posed by cryptocurrencies in bankruptcy […]
Australia’s Treasury has announced plans to introduce a comprehensive licensing regime for cryptocurrency exchanges in an effort to regulate the rapidly expanding industry. The proposed framework requires exchanges to obtain an Australian Financial Services license (AFSL) from the Australian Securities and Investments Commission (ASIC) if they hold more than AUD 1,500 of any single client’s […]
Australian cryptocurrency exchanges have welcomed plans from the Australian Treasury to regulate the industry under existing financial services licensing measures. The Treasury’s consultation paper outlined proposed regulations that would subject cryptocurrency exchanges to existing financial services rules and introduce new guidelines for all Australian firms dealing in digital assets. The new regime aims to provide […]
The Australian federal government is planning to introduce new regulations that will require cryptocurrency exchanges to obtain a financial services license. The regulations will focus on the exchanges themselves rather than individual tokens or cryptocurrencies. Exchanges holding more than $5 million in aggregate or exceeding $1,500 for any individual user will be required to obtain […]
The Australian federal government is considering implementing new regulations that would require cryptocurrency exchanges to obtain a financial services license from the Australian Securities and Investment Commission (ASIC). The aim of these regulations is to protect consumers while still fostering innovation in the digital asset sector. The proposed framework focuses on regulating exchanges and service […]
California Governor has approved a new regulatory framework for cryptocurrencies, known as the Digital Financial Assets Law. Under this legislation, individuals and businesses involved in digital asset activities will be required to obtain a regulatory license, similar to banks and money transmitters. This move aims to bring more oversight and control to the crypto industry […]
