Against this backdrop, the Supreme Court of India took up a matter of great public interest, dealing with regulation or no regulation in the realm of cryptocurrency. After a recent court hearing, the Indian crypto market entered a period of expectant waiting. The court correctly held that it cannot prescribe...
We're at a crossroads. The very crypto dream, the one that inspired a thousand late-night hack sessions and a million impassioned discussions, is dying. It's being slowly suffocated by the very forces it sought to dismantle: centralization and institutional control. Missed the last edition of Crypto in Context? Was it...
The Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) recently announced the withdrawal of previously issued guidance concerning banks' involvement with crypto-assets. The American Bankers Association (ABA) applauded the announcement. It withdraws a 2022 supervisory letter that called on state member banks to inform the Fed prior to...
Kenya is taking a commendable, proactive step to regulate its digital asset ecosystem. The country has passed the Virtual Assets Service Providers (VASP) Bill. The bill seeks to bring much-needed clarity, safety, and structure to our nation’s fast-expanding crypto marketplace. Kenya is already making moves to protect its digital economy....
The whispers are growing louder. The unthinkable is becoming…plausible. Is the same US government that a few years ago called Bitcoin a failure now scheming to weaponize it? Are they really trying to achieve global superiority? Forget decentralization. Forget financial freedom. Have we become so accustomed to Silicon Valley’s predation...
Imagine this: a young artist in rural Cambodia, struggling to make ends meet, finally able to sell her intricate silk paintings directly to collectors in New York, bypassing gallery commissions and predatory middlemen. That’s the promise El Salvador’s crypto experiment has opened up. It’s not just about Bitcoin, but to...
The EU, under the aegis of its Markets in Crypto-Assets (MiCA) regulation, believes it is constructing an impenetrable trust bubble around stablecoins. What if it’s not public transportation but rather creating an elaborate gilded cage. That would stifle innovation and cede the future to the status quo. Have we just...
ING's quiet foray into the stablecoin arena, spurred by the EU's MiCA regulations, might seem like another blip on the radar of global finance. For artists in Southeast Asia, it may be a quiet revolution underway. Why? That’s because it’s about access, stability, and yes, at the end of the...
The European Central Bank (ECB) has long waved a red flag. EURECA’s members are deeply concerned that the expanding US crypto industry may undermine the financial stability of the European Union (EU). The ECB cautions that, like in the U.S. recently, this could create a “contagion” effect. Continuing to shore...
Stablecoins have rapidly emerged as a major theme within the crypto industry. They are bringing the attention of all legislators and FDIC partners to them. These unique digital assets are intentionally created to be stable in value. Typically backed 1:1 by a fiat currency such as the US dollar, these...
