FedNow Service has no relation with CBDCs, Federal Reserve clarifies
The Federal Reserve of the United States clarified that its new service for instant payments between organizations — FedNow Service — has no relation with...
Kuwait bans crypto and virtual assets transactions
The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC).On July 18, Kuwait’s main financial regulator, the...
China’s digital yuan nears $250B transaction volume: Central bank governor
Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s...
Crypto Council: New DeFi bill has “unworkable obligations”
The Crypto Council for Innovation says the new AML bill provides no workable framework for illicit finance in DeFi. According to the crypto alliance, the...
No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
United States Securities and Exchange Commission (SEC) Chair Gary Gensler has called for “new tools, expertise, and resources” aimed at addressing misconduct in the crypto...
Multiple spot crypto ETF applications go to Federal Register in step toward SEC approval
Spot Bitcoin exchange-traded fund (ETF) applications from several firms have been published in the Federal Register, moving them one step along in the United States Securities...
Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate
United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC) and Anti-Money...
Latin America’s Bitso taps Stellar for cross-border payments
Stellar and Bitso are collaborating to promote international USDC payments to Latin America. Bitso will use Stellar’s Anchor Network to facilitate cross-border payments and remittances...
US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto
Two members of the United States House of Representatives have added their names to a list of lawmakers criticizing Securities and Exchange Commission (SEC) Chair...
US Senate introduces bill seeking to regulate DeFi like traditional banks
The bill aims at ensuring DeFi protocol operating in the US imposes strict controls on their users. The controls proposed in the bill resemble those...