Tag: Digital

Kazakhstan President Signs Laws Regulating Digital Assets

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Kazakhstan’s President Kassym-Jomart Tokayev has signed legislation establishing a framework to regulate digital assets, including cryptocurrencies like Bitcoin (BTC). Tokayev signed the laws “On Banks and Banking Activities” and “On Amendments and Supplements to Certain Legislative Acts on the Regulation and Development of the Financial Market, Communications, and Bankruptcy,” according to a government statement. The rules introduce a classification for digital assets, including stablecoins, assets backed by financial instruments and property, and financial instruments issued in electronic digital form. The National Bank of Kazakhstan (NBK) will act as a key…

Stablecoin Yield Prohibition Gives Digital Yuan Leg Up Over USD: Scaramucci

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The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the Digital Yuan, Scaramucci said. The prohibition on yield-bearing stablecoins in the CLARITY Act puts the US dollar at a competitive disadvantage to China’s Digital Yuan, a yield-bearing central bank digital currency, according to Anthony Scaramucci, founder of asset manager SkyBridge Capital. “The whole system is broken,” Scaramucci said in response to the prohibition on crypto exchanges and service providers offering customers yield on stablecoins in the CLARITY Act, a crypto market structure…

Crypto Bank Anchorage Digital Eyeing $400M Raise and IPO

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Institutional crypto platform Anchorage Digital is looking to raise hundreds of millions of dollars of fresh capital as it eyes a potential Initial Public Offering. The raise would be in the $200 million to $400 million range, while a possible IPO is slated for sometime next year, according to a Bloomberg report on Friday, citing people familiar with the matter who asked to remain anonymous. Anchorage’s affiliate, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in 2021 and is now well-positioned to lead stablecoin issuance and…

EU Economists Warn on Digital Euro Delays

Key Notes 70 economists argue a publicly backed digital euro is needed to protect Europe’s monetary sovereignty. They warn delays could deepen Europe’s reliance on non-European card networks and big tech payment platforms. The ECB is still in its preparation phase, balancing innovation, privacy, and regulatory requirements. Economists in the European Union are urging lawmakers and Members of the European Parliament (MEPs) to back a digital euro that serves the public interest. This push comes as private stablecoins continue to gain ground in the EU market. The economists emphasized that…

Economists Urge MEPs to Support Digital Euro in Open Letter

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Seventy economists and policy experts called on members of the European Parliament (MEPs) to back a digital euro that serves the public interest, arguing that it is crucial for Europe’s monetary sovereignty and for guaranteeing access to central bank money in an increasingly cash‑light economy.  The open letter, published on Sunday and titled, “The Digital Euro: Let the public interest prevail!,” warned that without a strong public option, private stablecoins and foreign payment giants may gain even greater influence over Europe’s digital payments. The signatories, including former European Bank for…

Wall Street Moves Onchain as Banks Embrace Digital Assets

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For years, major banks treated cryptocurrency primarily as a risk to be contained. That posture is now giving way to a more deliberate form of engagement. Rather than debating crypto’s legitimacy, banks are increasingly deciding how and where to integrate it, from regulated investment products to blockchain-based payment rails. This shift is on full display in this week’s Crypto Biz. JPMorgan is extending its US dollar deposit token onto new blockchain infrastructure, signaling that tokenized cash is moving closer to production use within global banking.  Morgan Stanley, meanwhile, is positioning…

Coincheck Group to Acquire Digital Asset Manager 3iQ in $112M Stock Deal

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Coincheck Group, the Nasdaq-listed holding company behind one of Japan’s largest cryptocurrency exchanges, has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ from its majority owner, Monex Group. The stock-purchase transaction values 3iQ at $111.84 million, using Coincheck Group shares priced at $4 each. Coincheck Group said it intends to offer the same terms to 3iQ’s minority shareholders, which would give it full ownership if the deal is completed.  The deal is expected to close in the second quarter, subject to regulatory approvals and other customary…

Florida’s Bitcoin ‘digital gold’ reserve bill targets up to 10% of state funds

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Florida bills would create a Strategic Bitcoin Reserve, allowing up to 10% of key public funds to hold BTC and ETFs while enabling limited crypto tax payments. Summary Florida’s HB 183 and SB 1038 would establish a Strategic Bitcoin Reserve using select public funds.​ Up to 10% of the General Revenue, Budget Stabilization, and pension funds could go into Bitcoin, SEC‑registered ETFs, and tokenized securities.​ Florida follows Arizona, Texas, and New Hampshire, signaling broader state‑level Bitcoin reserve adoption across the U.S. Florida legislators have introduced bills to establish a Strategic…

Fireblocks Acquires Tres Finance For $130M to Build Unified Digital Assets Operating System

Key Notes The acquisition creates what Fireblocks calls the first unified operating system for digital assets security and compliance. Integration comes as US tax filing deadlines approach with updated IRS cryptocurrency guidance under new regulatory frameworks. Global tax transparency intensifies as 48 countries implement CARF requirements for crypto service providers to report user transactions. Cryptocurrency infrastructure and digital assets security firm Fireblocks has acquired onchain accounting firm Tres Finance in a deal reportedly worth $130 million in cash and equity. The deal brings Tres Finance’s deep suite of accounting, auditing,…

Rumble and Tether Launches Crypto Wallet for Digital Creators

Key Notes Rumble Wallet lets creators receive Bitcoin, USDT, and Tether Gold tips directly on the platform. Users keep control of funds while sending crypto without banks or intermediaries. MoonPay enables easy crypto-to-fiat conversions with Apple Pay, PayPal, and credit cards. Rumble has launched a wallet as a built-in crypto payment tool on its video streaming platform. The new wallet allows viewers to support creators directly using digital assets, without banks, ad networks, or outside payment companies. The launch brings digital asset payments into everyday content viewing and grants creators…