The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin a “non-financial virtual asset,” potentially securing an easier compliance path for virtual asset service providers. Stablecoins, on the other hand, would be classified as “financial virtual assets.” Uruguay to Clarify Status of Bitcoin and Other Virtual Assets in New Regulation The Central […] Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The price of bitcoin has reached an all-time high, climbing above $US120,000 for the first time. It comes as a number of digital asset laws, likely to give cryptocurrencies a regulatory framework, are to be voted on by US Congress. Doctor Aaron Lane from RMIT’s blockchain innovation hub says a regulatory environment and the appeal of bitcoin as a secure ‘digital gold’ investment amid economic uncertainty have contributed to the recent surge in price. Subscribe: Read more here: ABC NEWS provides around…
Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale. OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services. Hong Kong will start allowing stablecoin issuance under a new regulatory regime taking effect at the start of August. It is in the process of unveiling a range of policies for the regulation…
A sweeping Senate draft bill sets the stage for overhauling U.S. crypto regulation, proposing clear classifications, limited SEC oversight, and exemptions to accelerate compliant crypto innovation. Senate Draft Bill Builds on CLARITY Act Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno announced on July 22 that they have released a digital asset market […] Source CryptoX Portal
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin falls as new data showed consumer prices rose in June. Plus, crypto asset manager Grayscale announces it confidentially filed with the SEC to go public on U.S. markets. And as the House tries to advance crypto legislation, Paul Grewal, chief legal officer at Coinbase, discusses what the bills being considered by Congress would mean for the industry. Chapters 00:00 – CNBC Crypto World, July 15, 2025 0:25 – Bitcoin falls 0:53 – The headlines…
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…
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…
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…
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…
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…