REGULATION
Pakistan Banks Can Now Serve Crypto Firms After 8-Year Ban Ends
State Bank of Pakistan permits licensed crypto exchanges to open bank accounts under new Virtual Assets Act framework, reversing 2018 prohibition.
EU Signals MiCA 2 Coming as Crypto Regulation Enters Next Phase
European Commission adviser Peter Kerstens says MiCA will likely evolve with a second version as crypto markets mature beyond original framework assumptions.
Fellowship PAC Drops $1.15M on GOP Candidates as Crypto Lobbying Heats Up
Crypto-backed Fellowship PAC reports first major spending with $1.15M in ads for Georgia and Kentucky races ahead of May 19 primaries.
SEC Exempts Self-Custodial Crypto Wallets From Broker Registration
SEC staff guidance clarifies that non-custodial wallet interfaces won't need broker-dealer registration if they meet specific criteria. Exemption lasts five years.
Nauru Taps Crypto Entrepreneur Dadvan Yousuf as Trade Commissioner
The Pacific island nation appoints Yousuf to attract digital asset firms, despite his 2023 FINMA enforcement action in Switzerland.
Banks Push Back on White House Stablecoin Yield Report
American Bankers Association challenges White House findings on stablecoin yields, warning of deposit flight from community banks if yield payments allowed.
Coinone Hit With $3.5M Fine, 3-Month Suspension Over AML Failures
South Korea's FIU orders partial business suspension against Coinone for 70,000 unverified accounts and transactions with 16 unregistered foreign exchanges.
Stablecoin Regulation Gap Widens as GENIUS Act Advances
With stablecoin market cap at $130B and federal rules advancing, understanding regulated vs unregulated issuers has never mattered more for traders.
Circle Defends USDC Freezing Powers After $270M Drift Protocol Exploit
Circle CEO addresses stablecoin freezing authority following Drift Protocol's $270M hack, calls for faster legal frameworks to combat crypto exploits.
HSBC Wins Hong Kong Stablecoin License in Historic HKMA Approval
Hong Kong grants first stablecoin issuer licenses to HSBC and Anchorpoint Financial, marking a milestone for regulated digital assets in Asia.