US House Might Overturn Biden’s SAB 121 Veto
The House of Representatives may vote this week to overturn United States President Joe Biden’s veto of Staff Accounting Bulletin 121.
South Korea Launches a Crypto Monitoring System
The Financial Supervisory Service of South Korea has announced it has created a new 24-hour surveillance system for the cryptocurrency market.
Hong Kong Regulators Plan to Evaluate Existing Crypto Rules
According to Hong Kong’s financial secretary, the regulations surrounding cryptocurrency-related activities will be continuously reviewed as the industry continues to evolve.
Paxos Receives Full Regulatory Approval in Singapore
The Monetary Authority of Singapore (MAS) has granted full regulatory approval to Paxos International, a blockchain and tokenization platform.
Italy to Launch a Stricter Crypto Regulation
Italy is planning to implement measures to strengthen surveillance over potential risks associated with digital assets, such as cryptocurrencies.
Binance Will Limit Access to Certain Stablecoins in the EU
On June 30, 2024, the new MiCA rules for stablecoins will go into effect in the European Economic Area (EEA), and crypto exchange Binance has warned its users about the upcoming restrictions.
Biden Vetoes SEC’s SAB 121 Repeal
President Joe Biden of the United States has rejected a resolution aimed at overturning the SEC’s Staff Accounting Bulletin (SAB) No. 121.
