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G20 Adopts IMF-FSB Crypto Regulation Plan, Signaling Positive Outlook for Bitcoin and Other Cryptocurrencies

The G20, an intergovernmental forum consisting of 19 countries, the European Union, and the African Union, has embraced a regulatory roadmap proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) for the regulation of digital currencies. The roadmap emphasizes the implementation of comprehensive regulatory policies and advocates for supervision of the […]

Australian Treasury Proposes Regulation for Crypto Exchanges Under Existing Financial Services Laws

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 […]

Grayscale Bitcoin Trust’s Discount Narrows to 16% as Market Anticipates Approval of Bitcoin Spot ETF

Grayscale Bitcoin Trust (GBTC), an investment vehicle for Bitcoin, is currently trading at its lowest discount in almost two years. The discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of October 13th. This discount measures how much a mutual fund or ETF is trading below its true value. The narrowing of […]

Australia to Introduce Crypto Regulation Requiring Licenses for Exchanges

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 […]

Upbit Singapore Granted In-Principle Approval for Major Payment Institution License

Upbit, South Korea’s largest cryptocurrency exchange, has received in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) granted the approval, allowing Upbit Singapore to offer digital payment token services to institutional investors while awaiting its full license. This approval is seen as a strategic milestone for Upbit […]

Australian Government Considers Requiring Cryptocurrency Exchanges to Obtain Financial Services License

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 […]

Moscow Stock Exchange to Introduce Tokenized Real Estate Assets by 2024, Making Investments More Accessible

The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the […]

Circle and Coins.ph Partner to Revolutionize Remittances in the Philippines

Stablecoin issuer Circle has partnered with digital asset provider Coins.ph to improve remittance services in the Philippines. The partnership aims to promote the use of USDC-denominated remittances as a safe, affordable, and fast method for international money transfers. The Philippines received $36.1 billion in remittance flows in 2022, highlighting the importance of remittances to the […]

California Governor Approves Strict Crypto Regulatory Framework for 2025

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 […]

XRP Adoption Still in Early Stages as Majority of Wallets Hold Less Than 500 XRP: Analyst

An XRPL analytical resource has revealed that the adoption of Ripple’s XRP cryptocurrency is still in its early stages. According to the data, 77% of XRP wallets hold less than 500 XRP tokens, indicating a low level of ownership among users. This suggests that there is significant potential for broader adoption of XRP in the […]