The recent US regulatory action looking to prohibit prediction markets has surged activity in the first weeks of this year, having trading volumes hit a milestone with $701.7 million on January 12. Two-thirds of total trading volume is attributed to prediction market Kalshi, with total trading volume sitting at $465.9
As a major move towards the regulation of digital assets, Canada has announced detailed regulatory actions on fiat-backed stablecoins as part of its 2025 federal budget. The relocation is based on the same regulatory step by the United States, which passed stablecoin legislation in the form of the GENIUS Act
The Digital Asset Market Clarity Act has recently passed two major House Committees and is now moving forward for a full floor vote. On June 11, the bill got a 32-19 vote from the House Committee and a 47-6 vote in the House Agricultural Committee on June 10. The House
South Korea will now surely have a crypto-friendly regulation independent of the factor who wins the presidential election, as both presidential candidates have run on pro-crypto platforms and promised to ease regulations as well as expand crypto access. The South Korean election will take place on June 3 to elect
On May 29, the Chairman of Bharti Enterprises and the former president of the Confederation of Indian Industry, Sunil Bharti Mittal, demanded urgent regulatory clarity on virtual assets, quoting the volatile nature of the sector. Mittal attended the CII Annual Business Summit 2025, and there he spoke about the global
Large American banks are gingerly venturing into the crypto sector. Even as regulators increasingly give their stamp of approval, these banking behemoths are still hesitant to take the plunge into digital currencies. Rather, they are choosing small-scale pilot projects, alliances, and modest crypto-trading endeavors, according to a number of industry
The US Securities and Exchange Commission and Everstake are in discussions to explore clearer regulatory definitions revolving around taking and blockchain networks. Recently, both bodies held a meeting related to the Crypto Task Force of the SEC. The meeting was followed by the staking of more than 193 billion dollars
MetaMask co-founder Dan Finlay has confirmed that the team is still considering a native token for the wallet. Speaking during a podcast interview with The Block’s Tim Copeland, Finlay addressed ongoing discussions about the long-rumored MASK token. He said that any official announcement would appear only through MetaMask’s wallet interface
The Indian Government has instructed the crypto exchanges functioning in India to be extra cautious for transactions associated with persons residing in Jammu and Kashmir and in border areas. The financial intelligence unit, the central agency that limits money laundering and financial crimes, instructed this to various local Crypto platforms.
The House Republicans have introduced a new Digital Asset Market Structure Discussion Draft on May 5. The draft is focused on cutting the dominance of big crypto companies and increasing participation in the wider market, according to an official from Paradigm. Glenn Thompson and French Hill, the House agricultural and
