Itaú Unibanco, Brazil’s largest private bank, formalized its cryptocurrency trading and custody operations under the country’s new digital-asset rules, becoming the first bank in the country to do so. The lender submitted its notification to the central bank on Tuesday, ahead of an Oct. 30 compliance deadline, according to local news outlet Valor Econômico The […]
Anti-money-laundering controls remain a central concern, he said, describing a need to understand and manage risks before introducing new rules. “We don’t want to create something with a big boom and then with a big collapse,” Valainis said. The government will implement solutions only when it is “1,000% sure” they would be transparent and understandable, […]
The SEC framework allows trading through automated market makers, or AMMs, rather than a traditional order book. An AMM holds pools of assets and uses preset rules to price trades. That could allow stock tokens to trade around the clock as long as a pool has enough assets. But round-the-clock trading does not necessarily mean […]
“The CFTC is locked in and ready to ship its rules for the new frontier of finance,” CFTC chair Mike Selig wrote in a post on X following the vote on Wednesday. The CFTC, on Friday, also published a no-action letter, giving certain software providers a way to connect users to regulated derivatives markets without […]
Strategy MSTR$94.67 has pushed back against MSCI’s proposed methodology for identifying “non-operating companies,” which could result in the largest bitcoin treasury company being removed from the index provider’s global equity indexes. Strategy said on X, “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own,” Strategy said. […]
There are two timelines at war, now. First, the Senate’s own calendar is famously difficult to negotiate, with any contentious bill requiring days of floor time. Each passing hour narrows the legislation’s odds as just seven days remain before the recess, when senators will leave Washington and largely shift focus to the consequential midterm elections […]
To Richmond, the delay isn’t about regulators moving slowly, but a structural difference between U.S. and Canadian frameworks. “It’s not necessarily just a regulatory thing; just the nature of the rules is different,” he said. Harmonized ‘national instrument’ While there is still work to be done, Richmond is encouraged by the fact that Canadian regulators […]
Russia’s State Duma passed legislation establishing the country’s first comprehensive framework for regulating cryptocurrencies with most of the new rules set to take effect on Sept. 1. The law creates a legal framework for crypto exchanges, depositories and other digital asset providers, while setting rules for who can buy crypto and under what conditions, Russia’s […]
The European Union’s recently-adopted Markets in Crypto Assets (MiCA) regulations is beginning to reshape the region’s digital-asset industry, creating new opportunities and barriers for firms seeking to operate across the bloc, a Swiss-based crypto wealth platform said. Swissborg, which boasts one million registered users and $1.3 billion in assets under management (AUM), is among the […]
Cryptocurrency trading giant Coinbase (COIN) said new U.S. tax reporting requirements are overly onerous for many crypto holders and add unnecessary clutter to the country’s taxation system. While the idea is that taxable activity on crypto should be reported in the same way as with equities, for example, the rules require reporting transactions in stablecoins […]
Hong Kong plans to complete proposals to regulate virtual asset dealers and custodians and introduce the rules to the city’s Legislative Council in 2026, the Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) said Wednesday. The proposals, developed after a two-month public consultation that drew more than 190 responses, […]
U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and […]