On October 23, Vietnam released its National Blockchain Strategy, a significant step towards establishing itself as a leading force in blockchain technologies within Southeast Asia by 2030. This ambitious initiative underscores the Vietnamese government’s recognition of blockchain as a pivotal component of the Fourth Industrial Revolution. The announcement was made by Phan Duc Trung, the
Regulation
In recent years, the regulatory framework surrounding cryptocurrencies has become a focal point of discussion in the United Kingdom. The Financial Conduct Authority (FCA) has taken a hard stance on cryptocurrency regulations, aiming to ensure a secure environment for both businesses and consumers. In an October 21 blog post, Val Smith, the FCA’s head of
In recent years, the European crypto industry has gained significant attention, largely due to the implementation of the Markets in Crypto-Assets (MiCA) regulation, which is being introduced in phases starting from 2020. This framework marks a critical turning point for Europe, shifting the narrative from being a passive observer in the global cryptocurrency landscape to
The emergence of decentralized finance (DeFi) has undeniably stirred conversations around its potential to revolutionize the financial landscape. However, Christopher Waller, a Federal Reserve governor, presents a more moderate viewpoint during his recent address at the Vienna Macroeconomics Workshop. He argues that rather than viewing DeFi as a wholesale replacement for traditional financial systems, it
The rapidly evolving landscape of the cryptocurrency market has brought with it not only innovation but also significant risk. Recent data indicates a staggering uptick in cyberattacks targeting cryptocurrency platforms, prompting the European Securities and Markets Authority (ESMA) to advocate for rigorous cybersecurity measures. In a report released on October 16, 2024, the Financial Times
On October 8, 2023, Crypto.com made waves in the financial world by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC), signaling a significant escalation in the ongoing tug-of-war between cryptocurrency firms and regulatory agencies. The lawsuit is billed as an attempt to challenge what Crypto.com perceives as the SEC’s overreach in its
In a significant development, Coinbase has initiated a motion for partial summary judgment in its case against the US Securities and Exchange Commission (SEC). This move is aimed at obtaining internal SEC documents that could unveil the agency’s enforcement strategy regarding the burgeoning cryptocurrency sector. The genesis of this legal confrontational relationship is rooted in
On October 14, 2024, the cryptocurrency market experienced a remarkable upswing, prompted by a significant announcement from Vice President Kamala Harris regarding a proposed “smart regulatory framework” for digital currencies. The news sparked substantial enthusiasm among investors, culminating in notable price increases for major assets such as Bitcoin and Ethereum. This shift not only highlighted
The evolving landscape of cryptocurrency regulation in the United States is a critical focal point for investors, industries, and stakeholders involved in digital assets. With the upcoming election, understanding how different presidential candidates view cryptocurrency is paramount. According to Alex Thorn, the head of research at Galaxy Digital, candidates’ stances can have significant implications for
The ongoing legal conflict between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) marks a significant chapter in the evolution of cryptocurrency regulation. On October 10, 2023, Ripple Labs filed a notice of cross-appeal in response to the SEC’s appeal of a recent court ruling regarding the status of its XRP token. This