In a significant development, the House Financial Services Committee has successfully passed the CBDC Anti-Surveillance State Act, a bill to prevent the Federal Reserve from issuing a central bank...
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed regulations that aim to “close the tax gap” in the sale and exchange of digital...
The leading cryptocurrency exchange Blockchain.com received a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This marks the company’s second license in the city-state after the...
Norges Bank, Norway’s central bank, has confirmed the country’s plan to impose watertight regulations over the local digital currency ecosystem to mitigate systemic risks. In a statement, the banking...
The central bank of Argentina surprised fintechs this month when it unveiled a crypto ban, in practice forbidding all neobanks in the country from offering trading services. Repercussions of...
Federal authorities are reportedly probing whether cryptocurrency exchange Binance violated U.S. sanctions against Russia. The U.S. Justice Department’s investigation centers on whether the company was used to allow Russians...
A legislative proposal from Florida Gov. (and possible Republican U.S. presidential candidate) Ron DeSantis would prohibit the use of a national central bank digital currency (CBDC) as money within...
Binance’s CEO is denying reports his company is considering cutting ties with U.S. businesses. “We pulled back on some potential investments, or bids on bankrupt companies in the U.S....
PayPal is reportedly pausing its stablecoin project amid heightened scrutiny around the cryptocurrency industry. The payments company had wanted to unveil the stablecoin in the next few weeks, Bloomberg...
Afore Consulting’s 7th Annual FinTech and Regulation Conference is schedule for 7th – 8th February 2023 for a full two-day programme; bringing together senior policy makers and industry representatives...