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,
As more governments are focusing on crypto regulation, scrutiny over existing crypto firms is also increasing. The Thailand SEC has decided to block multiple exchanges from operating in the country for violating its laws. Among them, Bybit and OKX are the top exchanges, the former being the second-largest crypto exchange
Africa is emerging as a strategic frontier for global crypto players, and Blockchain.com is positioning itself to capitalize on this shift. As some African nations begin to relax their stance and introduce regulations, crypto wallet and exchange platforms are making plans to expand in key markets such as Nigeria, Ghana,
Hong Kong has officially passed the Stablecoins Bill, marking a significant step forward in the regulation of digital assets. The legislation mandates that any company issuing fiat-backed stablecoins, particularly those pegged to the Hong Kong dollar or operating within Hong Kong’s jurisdiction, must now obtain a license from the Hong
The Financial Services Commission of South Korea will make it compulsory for non-profit organizations and crypto exchanges to comply with a firm customer verification process from June. The official release of FSC states that these bodies will be permitted to sell virtual assets under new laws. Nonprofits are permitted to
At the recent SEC Speaks event, US SEC Commissioner Hester Peirce, also known as the Crypto Mom, made a bold and clarifying statement: most crypto assets should not be considered securities. Peirce, who leads the agency’s Crypto Task Force, stressed that regulatory clarity is essential as the crypto space continues
Stablecoin regulation has gained momentum after President Donald Trump stressed its importance several times. The President and other government officials, such as David Sacks, believe that US Dollar-backed stablecoins hold the potential to increase dollar dominance across the globe. Taking things forward, the US Senate advanced the long-awaited GENIUS Act
Brazil is accelerating its cryptocurrency regulatory framework, positioning itself ahead of the United States. According to a report by The Defiant, the Central Bank of Brazil (BCB) has enforced strict rules to tackle stablecoin transfers to increase security and management. These rules limit the movement to self-custody wallets, particularly the
