Tag: financial regulation

Trump's Crypto Profits vs. National Security Is the GENIUS Act Enough?

Trump's Crypto Profits vs. National Security Is the GENIUS Act Enough?

• Commentary

The Senate's passage of the GENIUS Act, designed to regulate stablecoins, feels less like a victory for innovation and more like a carefully orchestrated dance around a potential minefield. While proponents tout its bipartisan support and promise of U.S. dollar dominance, a nagging question lingers: Is this bill truly about...

Vietnam's Crypto Gamble: Will AML Compliance Crush Innovation?

Vietnam's Crypto Gamble: Will AML Compliance Crush Innovation?

• Commentary

Is going after FATF approval really worth killing the decentralized spirit that makes crypto so disruptive? Vietnam’s new Law on Digital Technology Industry is designed to create an environment where innovation can flourish and FDI is directed. In reality, it could unknowingly suppress the very ecosystem that it aims to...

South Korea's Stablecoin Gamble: Is Central Bank Control Worth the Risk?

South Korea's Stablecoin Gamble: Is Central Bank Control Worth the Risk?

• Commentary

South Korea's diving headfirst into the stablecoin pool with its "Digital Asset Basic Act," and while the pro-crypto sentiment is refreshing, I can't shake the feeling that they're prioritising control over innovation. Color me cynical, but history has shown that governments don’t tend to give up power — particularly when...

South Korea's Digital Asset Act Paves the Way for National Stablecoin

South Korea's Digital Asset Act Paves the Way for National Stablecoin

• Regulation

South Korea is taking a dramatic leap forward in the digital finance space. They’ve introduced the Digital Asset Basic Act, allowing domestic firms to issue stablecoins. This bill, championed by the Democratic Party and under the leadership of President Lee Jae-myung, aims to create a clear and regulated framework for...

BlackRock & SEC: Decoding Crypto ETP Rules & Tokenization Future

BlackRock & SEC: Decoding Crypto ETP Rules & Tokenization Future

• Facts

BlackRock, the largest asset management firm in the world, recently faced scrutiny before the U.S. Securities and Exchange Commission (SEC). Their testimony shed light on pressing topics involving the regulation of cryptocurrency spot Exchange-Traded Products (ETPs), representing a watershed moment in the ongoing regulatory development of digital assets. This meeting,...

Trump's Crypto Gamble: 3 Policies That Could Make or Break US Dominance

Trump's Crypto Gamble: 3 Policies That Could Make or Break US Dominance

• Commentary

As the election dust settles, a wave of pro-crypto sentiment is allegedly sweeping through Washington. Certainly not given that Trump himself has promised to transform the U.S. into the “crypto capital of the planet.” Talk is cheap. We need to see action. The actions taken over the next four years...

Apple's Crypto U-Turn: App Store Payments Get a Shakeup!

Apple's Crypto U-Turn: App Store Payments Get a Shakeup!

• Facts

Look closely, and Apple’s once-titanic walled garden is beginning to crack, letting the sweet smell of freedom waft through for crypto devs. A recent court ruling has forced Apple to relax its in-app payment restrictions. If implemented, this change would create a more favorable environment for crypto applications and NFT...

SPACE ID's Regulatory Tightrope Walk: DeFi's Future Hangs in the Balance

SPACE ID's Regulatory Tightrope Walk: DeFi's Future Hangs in the Balance

• Commentary

SPACE ID is currently making a big splash as the platform that’s cutting through the confusing and expensive Web3 identity nightmare. Human readable domain names instead of those mile long wallet addresses? Sounds fantastic, right? A unified identity across blockchains? Even better. Hold on, just a minute though. In short,...

U.S. Government Embraces Crypto, Signaling a Shift in Digital Finance

U.S. Government Embraces Crypto, Signaling a Shift in Digital Finance

• Regulation

The U.S. federal government is leaning much more on crypto—an encouraging early sign that a digital finance inflection point is happening in earnest. Recent developments show a commitment to fostering the growth of crypto, with initiatives aimed at securing America's position in the digital asset economy. This change in mindset...

Federal Reserve Board Retreats on Crypto Guidance for Banks

Federal Reserve Board Retreats on Crypto Guidance for Banks

• Regulation

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...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...