Politics, Legal & Regulation

January 8, 2025 @ 12:06 pm By JD Alois  |  

EuroCrowd, a pan-European association advocating on behalf of online capital formation in the EU, sees investment crowdfunding as playing a key role in supporting the EU’s capital markets objectives. The key aspect to creating the European Union was the free movement of goods and services,… Read More

January 8, 2025 @ 11:51 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has sued Experian (LSE:EXP) – a firm best known for its credit reports. The CFPB claims that Experien “does not take sufficient steps to intake, process, investigate, and notify consumers about consumer disputes, resulting in incorrect information on consumer… Read More

January 7, 2025 @ 11:36 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued final rules blocking medical bills from being included in credit reports. The CFPB estimates that this action will remove $49 billion from credit reports, impacting approximately 15 million individuals. The CFPB says the rule will increase privacy… Read More

January 6, 2025 @ 9:00 pm By Omar Faridi  |  

Failed crypto exchange FTX’s payment plan is now effective. As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within the next 60 calendar days. The latest reorganization plan for failed crypto-assets… Read More

January 6, 2025 @ 12:59 pm By Omar Faridi  |  

​The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests in order to participate in… Read More

January 6, 2025 @ 10:25 am By JD Alois  |  

With the change in government, there is great excitement that innovation and entrepreneurship will now garner the attention it dearly needs. Fintech, or innovation in financial services, is one area of the economy that suffered during the Biden Administration. As both houses of Congress are… Read More

January 5, 2025 @ 6:46 pm By Omar Faridi  |  

Digital assets exchange Coinbase (NASDAQ:COIN) has acquired a license to provide derivatives in European markets via the recently announced acquisition of Bux‘s Cyprus division. Digital currency exchange Coinbase confirmed that it has now acquired a  license as part of its plans for European business expansion… Read More

January 4, 2025 @ 12:39 pm By Omar Faridi  |  

Coinbase‘s (NASDAQ:COIN) 2025 Crypto Market Outlook provides key insights focused on the web3 and blockhain ecosystem. The Outlook provides investors with deep dives that span the crypto space, from altcoins to ETFs, staking to gaming, and other important developments. As noted by Coinbase, the following… Read More

January 4, 2025 @ 10:06 am By JD Alois  |  

Several days ago, the US Internal Revenue Service (IRS) issued a statement providing temporary relief on crypto cost-basis reporting rules. While a good thing for digital asset investors, the change is only until December 31, 2025. There has been much jostling between policymakers as to… Read More

January 4, 2025 @ 9:45 am By Omar Faridi  |  

At Gemini, they believe that the EU’s cryptocurrency ecosystem should incorporate essential guardrails and transparency to shield users from financial crimes and fraud. Their commitment to regulatory compliance is steadfast, and they see adhering to the EU’s Travel Rule as a “critical step forward in… Read More

January 4, 2025 @ 7:42 am By Omar Faridi  |  

Imrich (Imo) Bábics, Chief Growth Officer at Relai, noted last week the company added 13 BTC to their balance sheet, bringing the total Bitcoin holdings in our corporate treasury to 30 BTC. Bábics has shared why they are doing this. He claims that it is… Read More

January 3, 2025 @ 4:50 pm By Omar Faridi  |  

BitStaete Asset Management has reportedly obtained its MiCA License as a crypto-assets manager. As of December 30, 2024, all crypto service providers must comply with the European Markets in Crypto-Assets regulation (MiCA). MiCA are EU rules that regulate all digital assets except crypto deemed to… Read More

January 2, 2025 @ 8:40 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Hiberbay Ink Al-Saoudia for IT Systems” to provide E-wallet solutions. With “Hiberbay Ink Al-Saoudia for IT Systems,” there are now 27 licensed firms providng payments services across the Kingdom of Saudi Arabia. This decision reflects SAMA’s aim to support… Read More

January 2, 2025 @ 1:26 pm By JD Alois  |  

DeVere Group is distributing a release that claims that 42% with UK financial ties want out of Britain. This follows the recent Labour budget, which aims to increase taxes on various aspects including capital gains. While DeVere did not distribute the complete survey and its… Read More

January 2, 2025 @ 11:32 am By Omar Faridi  |  

The Department of Justice (DOJ), on behalf of the Federal Trade Commission (FTC), filed an amended complaint in its lawsuit against Dave Inc. (Nasdaq: DAVE) on December 30, 2024. According to an update from Fintech firm Dave, this is “not a new lawsuit, and it… Read More

January 2, 2025 @ 10:39 am By JD Alois  |  

Tether, TRON, and TRM Labs say they have frozen over $100 million digital assets globally as they seek to impede criminal activity pertaining to crypto. TRM Labs is a blockchain intelligence firm. The collaboration has been labeled the T3 Financial Crime Unit (T3 FCU) launched… Read More

January 2, 2025 @ 8:13 am By Omar Faridi  |  

Standard Chartered (LON: STAN) expects global economic growth, led by nations such as the UK, China, and the US, to be broadly flat in 2025, slowing slightly to 3.1% from 3.2% in 2024. This, following the recent US elections. Standard Chartered noted in its detailed… Read More

January 1, 2025 @ 11:10 am By Omar Faridi  |  

The Reserve Bank of India (RBI) has recently released its Financial Stability Report. The update highlights key developments in the country’s financial ecosystem and what we can expect in 2025. Jaya Vaidhyanathan, CEO, BCT Digital has shared insights with CI on the nation’s banking sector…. Read More

December 31, 2024 @ 5:23 pm By JD Alois  |  

The Internal Revenue Service (IRS) has posted final regulations regarding information reporting by brokers who affect transactions of digital assets. These regulations become effective on February 28, 2025. Last week, a bipartisan group of US House of Representatives members forwarded a letter to the US… Read More

December 31, 2024 @ 2:02 pm By Omar Faridi  |  

Taxbit says it is ready to support Brazilian businesses in meeting new crypto regulatory requirements with solutions designed to simplify compliance and ensure “seamless” reporting. The Brazilian Federal Revenue Service’s proposal demonstrates its commitment to aligning domestic crypto taxation with global standards. By expanding reporting… Read More