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The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.

UK crypto bill reaches final stage, on track for passage

A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’...

1 year ago

The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.

Federal Reserve’s banking bailouts reach a new weekly high of $103B

The United States Federal Reserve ’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago. The emerg...

1 year ago

“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.

Japanese and Singaporean regulators join forces on crypto pilot project

On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation a...

1 year ago

The UK’s plans for its central bank digital currency, dubbed Britcoin, may go ahead without the use of blockchain technology, according to the Bank of England.

Bank of England May Ditch Blockchain for Its ‘Britcoin’ CBDC

Tom Mutton, the head of the Bank of England’s CBDC project, told Bloomberg: “We definitely want to be compatible with distributed-ledger business models in the pr...

1 year ago

The EU has reached a political agreement on regulations to safeguard the financial system from “unbacked cryptocurrencies” and strengthen banks.

EU Reaches Agreement on Crypto Asset Regulations in Banking

The European Union (EU) has reached a political agreement on changes to the Capital Requirements Regulation and Directive, including new regulations for crypto assets. This move comes in respons...

1 year ago

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.

Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto...

1 year ago

HSBC Becomes First Bank in Hong Kong to Allow Bitcoin ETFs

Hong Kong’s Biggest Bank Approves Bitcoin and Ethereum ETFs

According to Wu Blockchain, HSBC will allow its customers to trade Bitcoin and Ethereum ETFs listed on the Hong Kong exchange. The ETFs include CSOP Bitcoin Futures ETF,...

1 year ago

Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape"

Crypto Friendly Xapo Bank Expands to India, Rest of South Asia

Gibraltar-based crypto friendly private bank Xapo is to expand across India and the rest of South Asia in a sign of considerable expansion for the provision of cryptocurrency services in the reg...

1 year ago

The Monetary Authority of Singapore, with input from major tech giants, released a white paper on the standards for the usage of digital money such as CBDCs and stablecoins.

Singapore MAS proposes digital money standards with major industry players

The Monetary Authority of Singapore (MAS) has released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies. On June 21...

1 year ago

The Swedish krona-based Climate Awareness Bond will be issued on a blockchain that incentivizes node operators to improve environmental footprint of infrastructure.

European Investment Bank taps blockchain for Climate Awareness Bond

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure. An announcement from the financial...

1 year ago