The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
South Korea’s top financial regulator is working on a detailed roadmap to support the launch of digital asset spot exchange-traded funds. According to a June 19 report by Herald Economy, the Financial Services Commission revealed the move during a policy update to the State Affairs Planning Committee. The FSC plans to roll out its proposal […]
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Implementing a 'will function' in crypto platforms could ensure secure asset transfer, addressing inheritance challenges in digital finance.
The post Binance co-founder calls for crypto platforms to implement ‘will function’ for asset inheritance appeared first on Crypto Briefing.
Iran's crypto exchange restrictions may hinder financial innovation and exacerbate tensions in an already volatile geopolitical climate.
The post Iran restricts crypto exchange hours after massive Nobitex exploit drains BTC, ETH, XRP appeared first on Crypto Briefing.
The Ohio Blockchain Basics Act, dubbed HB 116, now heads to the Senate for further consideration after passing the House.
The BOK's latest comment conflicts with the president's agenda to push KRW stablecoins to prevent the outflow of domestic capital.
Circle’s CRCL shares climbed 34% and closed at $199.59 on June 18 after registering a new all-time high at $200.90. The new price peak is roughly 6.5x the company’s initial public offering price of $31 set on June 5. The price leap came one day after the Senate advanced the Guiding and Establishing National Innovation […]
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Bitcoin holds at $104K as the Fed keeps rates at 4.25% to 4.50%, citing tariff-driven inflation as reason to delay cuts.
The post Bitcoin holds steady at $104K as Fed eyes inflation from tariffs before easing appeared first on Crypto Briefing.
The DOJ's action highlights the increasing need for robust international cooperation and advanced digital forensics in combating crypto fraud.
The post US DOJ seeks to forfeit $225 million in crypto from global scam network appeared first on Crypto Briefing.
Stablecoins could find uses beyond that of a crypto trading pair after the U.S. Senate passed the GENIUS Act, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The frameworks propose bringing assets like stocks, bonds, and funds onchain as well as carve outs for autonomous, non-custodial blockchain protocols.
People's Bank of China Governor Pan Gongsheng said the e-CNY center seeks to promote the internationalization of the digital yuan.
The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration. The vote followed a 68-30 cloture decision on June 11 that cut off debate and started the mandatory 30-hour countdown to the final roll call. Senator […]
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US Senate passes the GENIUS stablecoin bill, advancing it to the House for a vote in 3 weeks with rules on backing, audits, and oversight.
The post US Senate passes GENIUS stablecoin bill, advancing it to the House for final approval appeared first on Crypto Briefing.
Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that […]
The post Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act appeared first on CryptoSlate.
Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to launch blockchain-based equities, Reuters reported on June 17, citing the exchange’s chief legal officer, Paul Grewal. The plan would enable Coinbase to offer digital tokens that represent ownership in publicly listed companies, effectively merging traditional equity markets with blockchain infrastructure. If greenlit, […]
The post Coinbase seeking SEC approval to offer blockchain-based equities appeared first on CryptoSlate.
The DTCC notes the fund cannot be created or redeemed; however, VSOL's presence indicates it may soon be approved by the SEC.
With the support of some Democrats, the U.S. Senate passed the landmark stablecoin GENIUS bill on Tuesday.
Coinbase's move into tokenized equities could reshape financial markets by increasing competition, innovation, and accessibility in trading.
The post Coinbase plans to offer tokenized equities to rival Robinhood, Charles Schwab appeared first on Crypto Briefing.
Thailand has announced a significant tax reform to position itself as a leading crypto-friendly nation. On June 17, the country’s Cabinet approved a five-year personal tax exemption on profits from selling digital assets, including Bitcoin. The measure takes effect from January 2025 and will run until December 2029. Deputy Finance Minister Julapun Amornvivat explained on […]
The post Thailand’s government unveils five-year crypto tax exemption for investors appeared first on CryptoSlate.
Thailand's tax exemption on crypto gains could boost its digital economy, attract global investors, and enhance entrepreneurial growth.
The post Thailand exempts Bitcoin, crypto gains from tax to support entrepreneurs and innovation appeared first on Crypto Briefing.
Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations. In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub. While […]
The post Coinbase CEO Brian Armstrong seen at 10 Downing Street amid push for UK crypto overhaul appeared first on CryptoSlate.
Senator Elizabeth Warren has voiced fresh concerns about the GENIUS Act, a bill designed to regulate stablecoins in the US financial system, ahead of its final vote scheduled for later today. In a June 16 statement on X, Warren claimed the bill could allow billionaires to launch stablecoins that monitor user activity and gain an […]
The post Elizabeth Warren criticizes GENIUS Act over stablecoin concerns ahead of final vote appeared first on CryptoSlate.
Stablecoins now represent over 60% of all crypto transaction volume as criminal use across the industry appears to drop.
Earlier this year, Gemini agreed to pay a fine to settle a CFTC dispute — a situation the exchange argues demonstrates the agency's "toxic" priorities.
The delay in appeal proceedings could signal a potential shift towards more collaborative resolutions in regulatory disputes within the crypto industry.
The post SEC, Ripple ask court to delay appeal proceedings pending August 15 update appeared first on Crypto Briefing.
JPMorgan filed a trademark application for the mark “JPMD,” covering trading, exchange, transfer, and payment services tied to virtual currency, digital tokens, and blockchain-enabled money. According to reports from June 16, the filing lists electronic fund transfers, real-time token trading, custody services, and secure online financial transactions. The document identifies JPMorgan Chase Bank, N.A., as […]
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JPMorgan's trademark move could accelerate mainstream adoption of digital currencies, influencing financial markets and regulatory landscapes.
The post JPMorgan files ‘JPMD’ trademark, hinting at possible stablecoin offering appeared first on Crypto Briefing.
Crypto exchanges Coinbase and Gemini are close to securing regulatory approvals granting them access to operate across the EU, Reuters reported on June 16, citing people familiar with the matter. According to the report, the expectation has intensified tensions among national regulators over the speed and oversight of new licensing under the bloc’s landmark crypto […]
The post Gemini, Coinbase near EU licenses as regulators clash over rapid approvals appeared first on CryptoSlate.