Tag: Regulation

Western Union Turns Bullish on Stablecoins Amid US Regulation

Key Notes Western Union said it will allow customers to buy and sell stablecoins directly through its platform. Western Union is pivoting to stablecoins to enhance cross-border speed, lower costs, and stay competitive in the evolving fintech space. McGranahan highlighted stablecoins as a means to provide customers with a stable store of value, seamless fiat conversion, etc. With the passing of the GENIUS Act and other landmark crypto bills last week, cross-border payments giant Western Union said it’s bullish about the upcoming growth in the stablecoin market. During an interview…

Programmable Regulation is Essential for DeFi’s Legal Future

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Opinion by: Raks Sondhi, chief operating officer of Freedx Governing composable, borderless and programmable ecosystems with rules made for simple, static financial systems presents a fundamental challenge. In the past year alone, decentralized finance (DeFi) platforms held over $60 billion worth of crypto assets locked in their protocols. Yet most jurisdictions still lack a clear definition of a decentralized autonomous organization (DAO). This confusion is slowing innovation and undermining the credibility of regulatory institutions. Lawmakers still assume there is a centralized actor to license, audit or subpoena. However, DAOs are…

Platform Poised to Gain From U.S. Stablecoin Regulation

Native token of decentralized finance (DeFi) lending platform Aave surged to its strongest price in several months on Monday The bluechip DeFi token topped $330 during the session before cooling off at $316, gaining 8% over the weekend. The rally came as the DeFi sector is heating up amid a broader crypto rally, with bitcoin conquering fresh records above $120,000. Aave is the dominant player in DeFi lending, and has just hit $50 billion in deposits on the protocol, a fresh record level. The platform also poised to be one…

Crypto’s Path To Legitimacy Runs Through The CARF Regulation

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Opinion by: Alice Frei, head of security and compliance at Outset PR More than 60 countries have signed on to CARF (Crypto-Asset Reporting Framework), marking 2027 as the year crypto goes fully on the grid, tax-wise. First up are the UK and the EU. Singapore, the UAE, Hong Kong and the US are on deck next, with plans to roll out in 2028.  Behind the scenes, crypto platforms are quietly rebuilding in response. To the most privacy-conscious users and developers, the irreversible end of crypto’s resistance to surveillance is unwelcome…

Powell Backs Stablecoin Regulation as Circle Pursues US Bank Charter After $18B IPO

Key Notes Powell described stablecoins as positive financial innovation requiring clear regulatory oversight and integration rules. Circle’s trust charter application would enable direct USDC reserve management and tokenized asset custody services. Legislative momentum builds with GENIUS Act potentially arriving mid-July to link stablecoins with Treasury securities. Federal Reserve Chair Jerome Powell stated on July 1 that the United States is “well on the way” to developing a regulatory framework for stablecoins, calling the asset class a “positive step” for the financial system. He emphasized the need for clear, consistent rules…

FATF’s Crypto Checklist Will Show You Where Regulation is Going

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Cryptocurrency regulations are increasingly aligning with global standards; 73% of eligible jurisdictions have now passed laws to implement the Financial Action Task Force’s (FATF) Travel Rule. The Travel Rule mandates crypto service providers to collect and share users’ transaction data, similar to traditional finance requirements. On June 26, the FATF released its annual report that outlines how recent regulatory moves by jurisdictions are converging with its global Anti-Money Laundering (AML) framework. This is a direct result of a years-long campaign by the FATF to bring cryptocurrencies in line with traditional…

UK Trails EU, US in Crypto Regulation, Think Tank Warns

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The UK’s unclear regulatory stance on digital assets is drawing sharp criticism from market participants, with some citing “policy procrastination” as a key reason the country is falling behind both the European Union and the US in the race to define digital finance. In a Friday blog post, John Orchard, chairman, and Lewis McLellan, editor of the Digital Monetary Institute at the Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank, argued that the UK has wasted its early-mover advantage in distributed ledger finance. The post, titled “The…

Regulation fuels Bitcoin’s $11b treasury race as more and more companies join

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Regulatory clarity in the U.S. is pushing more companies to adopt Bitcoin reserves, with $11.3 billion in accumulation last month alone. Bitcoin (BTC) is going mainstream, as both governments and public companies continue accumulating the asset. On Friday, June 13, Matador Technologies published a weekly report on institutional Bitcoin adoption. According to the Canada-based financial technology firm, public companies are accelerating their Bitcoin accumulation. 1/ 🏛️ Regulatory momentum in U.S. Congress •CLARITY (crypto market structure) and GENIUS (stablecoin framework) bills are advancing, with bipartisan support and a bitcoin‑friendly CFTC chair…

UK FCA Creates New Deputy Chief Executive Role to Oversee Regulation of Stablecoin and Crypto Firms

The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its new Deputy Chief Executive, a role created to reflect the organization’s expanding responsibilities, including the integration of the Payment Systems Regulator and the regulation of stablecoin and crypto firms. Since joining the FCA in June 2021, Pritchard has led the supervision, policy, and […] Source CryptoX Portal

Bitcoin market of 2025 driven by stablecoin regulation: Finance Redefined

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Despite a week of price consolidation for Bitcoin (BTC), emerging digital asset legislation may provide the next significant catalyst for the world’s first cryptocurrency. Upcoming stablecoin rules, such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, may lay the foundation for a Bitcoin cycle top of over $150,000, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures. Meanwhile, venture capitalist (VC) interest has slumped. The number of VC deals closed recorded its lowest month of the year in…