As geopolitical tensions escalate across the globe, the need for Europe to assert its monetary sovereignty has never been more pressing. The European Central Bank (ECB) Chief Economist, Philip Lane, recently made strong statements advocating for a digital euro. This isn’t just about modernizing the payment system; it’s about reclaiming control over Europe’s financial destiny.
Regulation
In an era where digital currencies are becoming a prominent part of our financial landscape, North Dakota’s recent legislative move to regulate crypto ATMs is a decisive yet contentious step. The approval of House Bill 1447, which imposes a $2,000 daily withdrawal cap per user, aims to curb the escalating fraud linked to these machines.
In an era marked by gradual but undeniable changes in the American financial landscape, the influence of fintech and cryptocurrency firms is hard to ignore. Under President Donald Trump’s administration, these industries are seizing a unique opportunity to seek state and national banking licenses. For far too long, innovation in financial services has been stifled
In a surprising twist, the U.S. Securities and Exchange Commission (SEC) is reconsidering rules that were initially poised to tighten custody regulations on investment advisers dealing with cryptocurrencies. Under the direction of Acting Chair Mark Uyeda, the agency’s reevaluation begs the question: Are we witnessing a genuine attempt to protect investors, or merely a capitulation
Francois Villeroy de Galhau, the influential governor of the Banque de France, raises a particularly alarming flag regarding the U.S. administration’s crystal-clear endorsement of cryptocurrencies. In a recent discourse, he emphasized the perils intertwined with this trend, arguing that the U.S. might be on the precarious edge of a groundbreaking financial crisis, driven not by
In a bold and surprising move, the government of Pakistan has launched the Pakistan Crypto Council (PCC) in a bid to officially embrace blockchain technology and digital assets. Announced by the Finance Division, this initiative represents a drastic departure from a previous hardline stance that categorized cryptocurrencies as a threat, primarily due to concerns over
The introduction of the GENIUS Act marks a pivotal turn in the regulatory landscape for stablecoins, particularly for Tether, the dominant player in the field. While Alex Thorn, head of research at Galaxy, outlines numerous ways in which the act could afford Tether more operational latitude, his analysis hints at a conundrum that merits serious
In a noteworthy development for the future of America’s digital economy, the Senate Banking Committee has moved forward with the GENIUS Act, passing it with an 18-6 bipartisan vote. This legislation is poised to not only shape the regulatory landscape around stablecoins but also to reinforce the United States’ standing as a global leader in
In a world where digital currencies are becoming more mainstream each day, the ongoing legal tumult between Ripple and the U.S. Securities and Exchange Commission (SEC) has captured the attention of investors and legislators alike. As Ripple approaches a potential resolution in its long-standing legal battle over the status of its cryptocurrency, XRP, it reveals
In March 2023, a significant hearing convened by the U.S. House Committee on Financial Services underscored a pivotal moment for financial innovation: the discussion centered around dollar-backed stablecoins and the pressing need for a robust regulatory framework. The deliberations came amid lingering worries about the potential rise of a U.S. Central Bank Digital Currency (CBDC).