Regulation
Pakistan allows banks to open accounts for licensed VASPs, ending 2018 ban
The State Bank of Pakistan ended a 2018 ban, allowing regulated entities to open accounts for licensed virtual asset service providers.
Regulation
Regulation
Societe Generale unit adds MiCA-compliant stablecoin to MetaMask
Societe Generale's digital asset unit added its MiCA compliant USD stablecoin to MetaMask for fiat on- and off-ramps and trading.
Regulation
21Shares files second amendment to Hyperliquid ETF filing, seeks Nasdaq listing under THYP
The issuer plans to buy 20,000 shares from the trust at $25 per share as an initial seed creation basket to buy HYPE prior to the listing.
Regulation
Virginia to hold dormant crypto ‘in-kind’ for at least one year under new law
The legislation stipulates that unclaimed crypto assets in customer accounts will be transferred to state custody in-kind.
Regulation
Federal Reserve chair nominee's disclosure includes crypto and AI holdings
Kevin Warsh did not include the value of several crypto and AI investments among his disclosures as he awaits his confirmation hearing before the Senate Banking Committee.
Regulation
Sen. Tillis aims to release draft resolving Clarity Act’s stablecoin yield dispute this week: report
Banks have been strongly pushing back against allowing crypto firms to pay rewards on idle stablecoin balances.
Regulation
Justice Department opens compensation for victims of $4B OneCoin crypto fraud
OneCoin was launched by Ruja Ignatova and Karl Sebastian Greenwood in Bulgaria. Ignatova has been missing since 2017, and Greenwood was sentenced to 20 years in prison.
Regulation
Banks challenge White House report on stablecoin yields
The American Bankers Association is concerned that stablecoin yields would lead to mass deposit outflows from smaller community banks.
Regulation
SEC proposes certain crypto interfaces don’t need to register as brokers
Hester Peirce, who heads the SEC’s crypto task force, said that the staff statement represented “expansive readings of the securities laws“ in response to digital assets.
Regulation
New Pro-DeFi Policies Show the SEC Isn't Waiting for Congress to Act on Crypto
The SEC released a new, permissive policy on DeFi interfaces Monday that was immediately celebrated by crypto industry leaders.
Regulation
Ondo seeks SEC clearance for tokenized equities model on Ethereum
The SEC is signaling openness to tokenization, encouraging firms to engage directly as it fine-tunes regulations.
Regulation
Bank of Korea floats crypto ‘circuit breakers’ after Bithumb blunder
Bithumb accidentally sent customers 620,000 Bitcoin instead of 620,000 Korean won in February. The Bank of Korea wants lawmakers to make it so it doesn't happen again.