Brian Armstrong, CEO of US crypto exchange Coinbase, believes that the upcoming 2024 US presidential election could drastically change the legal status of the crypto industry.
The House Financial Services Committee is due to start debating two proposed laws in the second week of July that seek to create a distinct path for digital assets to transition from security investments to commodities with lower reporting and regulatory requirements.
The Financial Markets Authority (AMF) has released a statement arguing that a regulation framework is needed to manage decentralized exchanges (DEXs) both nationally and internationally.
It is impossible to regulate decentralized exchanges (DEX) like centralized exchanges due to the lack of clear congressional authorization.
Bitstamp, one of the oldest crypto exchanges, received approval from the Financial Conduct Authority (FCA) in the UK to operate on June 13, making it the latest addition to the FCA’s crypto register.
The Organization for Economic Co-operation and Development (OECD) has published a reporting system for crypto assets and amendments to the Common Tax Information Exchange Standard (CRS).
The Hong Kong Monetary Authority (HKMA) last week partnered with the Central Bank of the United Arab Emirates (UAE) in efforts to exchange knowledge and ensure transparency and security of digital currency transactions.
