The Japanese House of Representatives has passed new crypto regulation in the upper house of the National Diet. The amendments to two of Japan's financial laws include adding crypto-asset margin trading.
The Financial Services Regulatory Authority of Abu Dhabi Global Market enhanced its Guidance for the Regulation of Crypto Asset Activities, including updates on stablecoins, crypto-asset custody, technology governance, and AML/CFT standards compliance.
More and more people are ditching cash in favor of cards and digital payments, but that doesn't mean cash it out of the picture, according to a new report from financial tech company Square.
South Korea's finance ministry plans to revise an ordinance to allow non-financial firms, such as financial technology firms, to provide mobile payment services overseas.
Consumers routinely supply personal data to technology companies in exchange for services. Yet, the relationship between the utility consumers gain and the data they supply - "return on data" - remains largely unexplored.
The US IRS is working on guidance for "acceptable methods for calculating cost basis, acceptable methods of cost basis assignment, and the tax treatment of forks".
As ABN AMRO drops its exploration of a cryptocurrency wallet product, the Dutch bank says it's seeking to launch a blockchain platform for trade inventory.
New Financial Action Task Force (FATF) standards for regulating crypto firms are expected to be finalized in June. They will likely subject crypto exchanges, wallet providers and others to the "travel rule" followed by correspondent banks.
More than half of the full nodes in the bitcoin network are still running client software vulnerable to an inflation bug that could allow miners to inflate the total bitcoin supply beyond the 21 million BTC.
This paper addresses the myth of decentralized governance of public blockchains, arguing that certain people who create, operate, or reshape them function much like fiduciaries of those who rely on these powerful data structures.
Datalight analyzed website traffic data from 100 top crypto exchanges to determine where traders are located. With 22M traders, the US ranks first, with 6.2M Japan ranks second, South Korea ranks third with 5.7M, followed by the UK, Russia, Brazil, Germany, Vietnam, Turkey and Canada.
Circle has published the latest third-party (Grant Thornton) audit of its USD-pegged stablecoin, USD Coin. It states that as of end-April there were 293,184,174 USDC issued and $293,351,374 in the firm's reserves.
The Bitcoin price goes up and down with weird jumps in the graph - nicknamed "Barts," after the shape of Bart Simpson's haircut - the telltale signs of market manipulation.
This study back-tests a marginal cost of production Bitcoin valuation model. The model, which JP Morgan uses for its valuation analysis, seems robust and challenges allegations that bitcoins are essentially worthless.
Banks, wary of the drug dealers and scammers attracted to the anonymity of cryptocurrency, shun many of the firms behind the electronic money, leaving them to turn to shadowy middlemen for payment processing and other financial services.
The process of AML/CFT regulatory compliance involves KYC (know your customer) throughout transaction lifecycles. This post runs through the typical KYC process and compares different crypto exchange approaches.
Bitfinex has reportedly raised $1B worth of US dollars, Bitcoin and Tether with its UNUS SED LEO exchange utility token offering. LEO lies "at the heart of the [Bitfinex parent] iFinex ecosystem" and will be useable for a variety of exchange-based activities.