A recent investigation into banks cutting off services to certain customers has wrapped up with little to show. The Office of the Comptroller of the Currency, led by Trump appointee Jonathan Gould, looked into claims that banks were unfairly denying services based on political beliefs. This came aft
China has taken another step to tighten its grip on digital currencies. This time, the focus is on tokenizing real-world assets. This move comes after years of strict rules on cryptocurrencies. In 2017, China banned initial coin offerings and domestic exchanges. By 2021, the country had completely o
The U. S. financial watchdog, the SEC, has put a pause on reviewing new leveraged ETF applications. This includes those for crypto ETFs. They sent letters to nine companies, including ProShares, which already has some leveraged crypto ETFs out there. The SEC's main concern? These funds aim to give
China is tightening its grip on cryptocurrency, with a special focus on stablecoins. The People's Bank of China, along with 12 other agencies, recently held a meeting to discuss the resurgence of crypto trading and the risks it poses. The bank made it clear that virtual currencies are not legal ten
A crypto company with connections to former US President Donald Trump has recently seen some big changes at the top. ALT5 Sigma, which manages crypto investments, said goodbye to its CEO and COO in November. Jonathan Hugh and Ron Pitters left the company, and Tony Isaac, who was the president, is no
A major U. S. bank is stepping into the world of digital money. BNY, a well-known name in traditional banking, has just launched a new fund. This fund is not for regular investments. It's designed to support stablecoins, a type of digital money that's tied to the value of real-world currencies like
The U. S. Consumer Financial Protection Bureau (CFPB) has recently suggested some big changes to the rules that prevent discrimination in the financial world. These changes could make it harder to prove that certain practices are unfair, even if they end up hurting specific groups of people. The CF
Openbank, a digital banking service under Santander, has started offering crypto trading in Spain. This move is part of a bigger trend where banks are starting to take cryptocurrencies more seriously. Just last month, bitcoin reached new highs, and this has caught the attention of many banks and the
Turkey is in the spotlight again as the Financial Action Task Force (FATF) plans to visit the country this month. This visit comes after Turkey was removed from the FATF's "grey list" last year for making progress in combating money laundering and terrorist financing. However, the country must prove
The GENIUS Act is now law, and it’s shaking up the world of stablecoins. This new rule means stablecoins will face stricter regulations, and the battle over how these rules are applied is just getting started. The act sets the stage for a two-year fight over how $250 billion in stablecoins will be
