Tag: Regulation

Uganda to Launch CBDC Pilot, Kenya Close to Regulation

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Uganda has launched a central bank digital currency (CBDC) pilot as part of a broader tokenization effort across the African nation, while its neighbour Kenya is on the verge of enacting a crypto regulation bill.  Blockchain financial infrastructure company the Global Settlement Network (GSN) has partnered with Ugandan developer Diacente Group in an initiative to tokenize $5.5 billion of real-world assets, which also includes a CBDC pilot, the companies announced on Wednesday.  It comes as Kenya’s Virtual Asset Service Providers (VASP) Bill passed through the country’s parliament on Tuesday and…

Vitalik Defends Base Against SEC Exchange Regulation Threat

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Ethereum co-founder Vitalik Buterin has praised Ethereum layer-2 Base’s approach to decentralization in response to recent concerns over Base’s sequencer and whether it should be treated as an exchange. “Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum’s decentralized base layer for security,” Vitalik Buterin said on Tuesday.  He added that the Coinbase layer-2 does not have custody over your funds, “they cannot steal funds or stop you from withdrawing…

Crypto Can’t Afford To Wait For Perfect Regulation

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Opinion by: Kevin de Patoul, co-founder and CEO of Keyrock There’s a certain déjà vu in crypto right now. Real-world assets (RWAs), tokenized funds and onchain treasuries are all buzzwords we’ve spoken about for years. In 2022, when hype far outpaced real adoption, a report by BCG projected that the total size of tokenized assets could reach $16 trillion by 2030. The current market cap is sitting at $50 billion in 2025.  This time, it feels slightly different, and it’s not just because giants like BlackRock are launching tokenized money…

Japanese Regulator Proposes Deep Rework of Crypto Regulation

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Japan’s Financial Services Agency (FSA) presented a proposal that would significantly tighten crypto regulation. A Tuesday FSA report recommends regulating cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), moving them from under the Payment Services Act. This aims to strengthen investor protection and align crypto oversight with securities regulation. The regulator said that many issues within crypto resemble those traditionally addressed under the FIEA, so it may be appropriate to apply similar mechanisms and enforcement. Key problems in crypto investment highlighted in the report include unclear white papers, inaccurate…

Permissionless Finance Will Triumph Over Government Regulation: Fold CEO

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Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold.  Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to embed biometric identity checks within smart contracts, or other similar traditional financial (TradFi) regulations, will backfire, as did efforts to control the spread of information on the internet.  Policy proposals to implement identity checks into digital asset systems in the White House’s…

Is ‘Simple’ Regulation a Risk? Experts Debate White House’s Crypto Recommendations

The recent White House report on digital assets emphasizes the need for the CFTC to have clear authority over spot markets for ‘non-security’ digital assets. Experts express skepticism about the CFTC’s ability to effectively manage both the U.S. derivatives market and the crypto sector. Recommendations for Regulatory Clarity The recently released White House report on […] Source CryptoX Portal

Philippine SEC Flags 10 Crypto Exchanges Defying New Digital Asset Regulation

Top global crypto exchanges face mounting legal peril in the Philippines after being accused of illegally targeting users and violating strict new digital asset compliance rules. Philippine SEC Flags Major Crypto Exchanges Operating Illegally in the Country The Philippine Securities and Exchange Commission (SEC) published an advisory on Aug. 4, alerting investors about unregistered offshore […] Source CryptoX Portal

Project Crypto: A New Era in US Financial Regulation

In a bold and sweeping address delivered at the America First Policy Institute, Paul Atkins—the Chairman of the SEC—outlined what may become one of the most significant shifts in U.S. financial regulatory history: the launch of “Project Crypto.” Framed as a strategic initiative to reestablish American primacy in crypto markets, the initiative represents both a […] Source CryptoX Portal

Trump White House Releases Crypto Regulation Report

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The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies.  Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are securities and which are commodities was the first issue outlined in the report, released on Wednesday. According to recommendations in the document, jurisdictional oversight over digital assets should be shared between the Commodity Futures Trading…