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Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as…

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Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback

Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from…

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Potential Ban on Cryptocurrency Mining in Certain Regions Disrupts Regulatory Efforts in Russia

The potential for a ban on cryptocurrency mining in regions classified as ‘energy deficient’ has hindered the ability to reach a consensus on the approval of cryptocurrency mining regulations in…

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Ripple CEO Blasts Political Divide Over Crypto, Calls for Bipartisan Cooperation

Ripple CEO Brad Garlinghouse has criticized the politicization of cryptocurrency in the U.S., stressing the necessity of a bipartisan approach and clear regulatory guidelines. He condemned the partisan divide in…

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Chinese businessman linked to Steve Bannon found guilty of running billion-dollar crypto scam

The conviction highlights the risks of crypto investments and may influence regulatory scrutiny, especially with upcoming elections. The post Chinese businessman linked to Steve Bannon found guilty of running billion-dollar…

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Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including Cryptocurrency

Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits…

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US Spot Ether ETFs to Launch on July 23 Pending Final SEC Approval, Analyst Says

The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for…

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