South Korea Plans to Regulate Cross-Border Crypto Transactions
The new law mandating registration and periodic reporting is expected to become effective in the second half of 2025.
The Finance Ministry is currently completing the legislative requirements.
Prediction Markets Are Pricing In A Trump Victory. This Is Good For Bitcoin
If prediction markets are correct, then pro-Bitcoin Trump is a shoe-in for the White House.
Fed Governor Waller supportive of tokenization, stablecoins
On Friday, Federal Reserve Governor Christopher J. Waller spoke about whether DeFi is a substitute or complement to centralized finance. He concluded the two were complementary and also made positive statements about tokenization and stablecoins. Given these are his personal views, they don’t necessarily represent the Federal Reserve’s stance.
G20: Financial Stability Board warns of future tokenization risks
Yesterday the BIS and Committee on Payments and Market Infrastructures (CPMI) delivered a report to the G20 on tokenization. That paper was both upbeat yet sober, balancing the opportunities, risks and steps that central banks need to take. A separate G20 report published today from the Financial Stability Board (FSB) is far more skeptical on the topic. Currently, there’s little risk because it views the adoption of tokenization as “very low” but growing. It also published a report on crypto-asset policy implementation.
New California Law Targets Sellers of Digital Goods – Applicability to NFTs is Uncertain
Introduced in response to certain digital media sellers (e.g., game publishers) revoking consumer access to purchases with little to no recourse, AB 2426 forces sellers of “digital goods,” such as movies, apps, games, books and music to clarify what a consumer is actually receiving in connection with their “purchase.”
Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote
The so-called FIT21 legislation to establish a U.S. regulatory regime for digital assets is set for a floor vote next week, and the sector is telling House leaders the effort is "crucial."
If SEC approves spot Ether ETFs, many ‘will be caught severely offside’
Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”
The Digital Asset Anti-Money Laundering Act is an opportunistic, unconstitutional assault on cryptocurrency self custody, developers, and node operators
The bipartisan Digital Asset Anti-Money Laundering Act, introduced today by Sens. Warren and Marshall, is the most direct attack on the personal freedom and privacy of cryptocurrency users and developers we’ve yet seen. It would force anyone who helps maintain public blockchain infrastructure, either through software development or validating transactions on the network, to register as a Financial Institution (FI). As FIs, they would be obligated to:
Warren Expands Coalition of Banking Committee Support for Bill Cracking Down on Crypto’s Use in Money Laundering, Drug Trafficking, Sanctions Evasion
Washington, D.C. – United States Senators Elizabeth Warren (D-Mass.) announced an expanded coalition of Senate support for the bipartisan Digital Asset Anti-Money Laundering Act, which would mitigate the illicit finance risks that crypto poses by closing loopholes and bringing the digital asset ecosystem into greater compliance with the anti-money laundering and countering the financing of terrorism (AMF/CFT) frameworks that govern much of the financial system.
