SoFi broke its record performance in a single quarter in terms of revenue, which it attributed to the increasing adoption of its crypto trading and blockchain services. The fintech company is increasingly incorporating digital assets as a key driver of growth rather than a sideline. This move is also in
Russia is set to introduce a comprehensive framework for crypto in July, which is one of the most organized efforts by Russia to regulate cryptocurrencies. The government is working to ensure that all crypto-related activities are regulated within a legal framework and do not operate in a gray zone. This
Nomura’s digital asset arm, Laser Digital, has applied for a U.S. national trust bank charter as it pushes deeper into regulated crypto custody. The move signals strong institutional appetite for compliant digital asset infrastructure in the United States. Momentum around institutional adoption keeps building, with trends similar to those covered
Kansas legislators have submitted Senate Bill 352, a legislative bill that proposes the creation of a Bitcoin and Digital Asset Reserve Fund in the Kansas State Treasury. This is a major move in the way that the U.S. government can potentially deal with cryptocurrencies under government financial laws. Senate Bill
Coinbase’s withdrawal from the Digital Asset Market Clarity Act effort is leading to a degree of political backlash in Washington, and the crypto regulation bill currently deemed to have the most potential is losing steam. It is indicative of how easy it is for crypto regulation wins to slip through
The latest decision pushed Belarus to formalize crypto within its regulated financial system. The Belarusian President, Alexander Lukashenko, signed Decree No. 19 today, which allows Belarus to officially launch cryptobanks, a hybrid financial institutions that combine digital token operations with traditional banking, payments, and related services. According to the announcement,
The financial authorities in the UK have put a timeline in place for a new licensing framework for crypto entities in the UK, and this signifies a major compliance change for digital entities in Britain. The Financial Conduct Authority has recently clarified the plans by digital entities to start applications
El Salvador has added additional Bitcoin to its national reserves as the Central American nation continues its high-profile embrace of digital assets. The latest purchase marks another step in the government’s multi-year effort to integrate Bitcoin into its financial strategy following the asset’s adoption as legal tender in 2021. According
Next week, a markup event on legislation on digital asset market structure is scheduled. It is anticipated that representatives from cryptocurrency firms will reach Washington, D.C., to engage with policymakers on the bill. The chief executive officer, Cody Carbone, of crypto advocacy organisation The Digital Chamber, mentioned that it was
A Senate markup of the Digital Asset Market Clarity Act has been announced for next week, marking a critical point in the future of U.S. cryptocurrency legislation, according to Tim Scott. A new cryptocurrency bill has been proposed in order to create a uniform market structure for the cryptocurrency market.
