Australia Parliament is going ahead with a wide-ranging law that will make crypto exchanges and crypto custody services companies to get a financial license just like banks and other traditional financial institutions. The regulation bill was brought in by the assistant treasurer, Daniel Mulino, to cover the gaps in the
Australia’s financial regulator has released extensive new guidance for digital asset providers, representing a landmark moment for the country’s blockchain industry. The Australian Securities and Investments Commission (ASIC) updated its regulatory guide on Wednesday, mandating cryptocurrency platforms to secure adequate licensing by the middle of the year. Executive industry stakeholders
Origin of Stablecoins Stablecoins made their debut in 2014. It aims to combine the steady value of fiat currencies with the openness and flexibility of blockchain technology. The first of its kind, BitUSD, was introduced in July 2014 as a credit-backed stablecoin on the BitShares platform. Tether (USDT), which was
A significant development occurred in the Ripple vs. SEC suit, as the parties filed a joint motion for the U.S. District Court to reopen the indicative ruling and modify the final judgment. This motion was filed late on June 12 and maintained that there existed now “exceptional circumstances” so as
Bullish, which is funded by billionaire investor Peter Thiel, has filed for an initial public offering (IPO) in the United States confidentially. The exchange is proceeding to take advantage of revived interest in digital assets in the wake of a broader comeback in the crypto market, as reported by a
After years of confusing policies and mixed messages, the Federal Reserve is finally making a move to clear things up around crypto rules. This being considered as a pivotal point where solid and practical guidelines are set up for the investors to commit with confidence. The regular people get into
Pakistan’s Finance Ministry is pushing forward with plans to set up a National Crypto Council, a new advisory group that could help legitimize and bring clear rules to the country’s crypto space. The move is being backed by a team tied to Wall Street players and some big-name former Trump
South Korea has finally elected a pro-crypto candidate, Lee Jae-myung, as the president of the country. With a majority of the votes and support from crypto proponents, Lee is the new president of South Korea. He is poised to bring some major changes to the present crypto landscape and build
The crypto industry’s growth in the last few years is not only commendable but also galvanizing. What was seen as a mere tech experiment now has the ability to form governments and impact the global economy. After playing an important role in making Donald Trump the US President, after he
Alchemy Pay has officially integrated World Liberty Financial’s USD1 stablecoin into its global payment ecosystem, expanding accessibility to one of the fastest-growing dollar-pegged assets in the crypto market. The May 30 announcement confirmed that users in 173 countries can now buy USD1 using traditional payment methods such as Visa, Mastercard,
