Senator Cruz, a member of the Republican Party representing the state of Texas, serves on the Senate Committee on Commerce, Science, and Transportation. He recently recommended that the Federal Reserve (Fed) increase its efforts to prevent the development of a Central Bank Digital Currency (CBDC). The purpose of the legislation that Cruz proposes is to …

Senator Ted Cruz proposes legislation to prevent the development of Central Bank Digital Currency Read More »

The Chief Superintendent of the Venezuelan superintendency of crypto-assets has shut down some exchanges and mining farms in the country. Although reports have said nothing yet, sources inside the country have said that actions will commence soon. This move is coming after the arrest of the former head of the agency Joselit Ramirez off the …

Venezuela regulator orders shutdown of exchanges Read More »

In a move aimed at boosting technology innovation and attracting more investment in the sector, El Salvador’s President Nayib Bukele has announced his intention to introduce a bill that would eliminate taxes on technology innovations. Bukele made the announcement in a tweet, stating that “Next week, I’ll be sending a bill to congress to eliminate …

El Salvador’s President proposes bill for tax-free tech innovation Read More »

The lack of clarity and guidance from the Securities and Exchange Commission (SEC) is making it difficult for US-based crypto businesses to register their tokens or products. In a recent interview, SEC Chair Gary Gensler emphasized that the registration process for crypto projects is as simple and easy as registering a corporation. However, many startups …

SEC’s unclear registration path hurts U.S. crypto businesses Read More »

The US Department of Justice (DOJ) is currently investigating whether financial professionals at Credit Suisse and UBS assisted Russian oligarchs in evading sanctions imposed by the US. The two Swiss banks are reported to have been included in a recent round of US government subpoenas. The investigations are aimed at determining which bank personnel interacted …

US DOJ Investigating Credit Suisse and UBS for Alleged Sanctions Violations Read More »

The US Securities and Exchange Commission (SEC) has issued an official investor alert warning against investing in crypto assets that may not comply with US laws. This follows several lawsuits the regulator has brought forward against notable figures, such as Justin Sun of Tron, and various celebrity endorsers. The alert also highlights the speculative and …

SEC issues official investor alert on crypto trading risks Read More »

Treasury secretary Janet Yellen said the federal government is willing to take action if required nearly two weeks after Silicon Valley Bank (SVB), Silvergate, and Signature collapsed. U.S. regulators started developing a strategy immediately after the banking crisis, during which Yellen initially declared that no rescue would be required. Instead, the authorities at SVB and …

US treasury secretary supports government measures to prevent further banks from collapse Read More »

The Australian Prudential Regulation Authority (APRA) has increased its supervision of banks in the country after Silicon Valley Bank (SVB) collapsed and Credit Suisse experienced outflows from its customers. The regulator has begun asking banks to declare their exposures to start-ups and crypto-focused ventures, with some banks required to provide daily updates. The move is …

Crypto crackdown in Australia as regulators fear SVB-style contagion Read More »

Taiwan has joined the list of countries to regulate cryptocurrency activities, as it recently announced the creation of a regulatory body to oversee the cryptocurrency industry. The Financial Supervisory Commission (FSC) will be the main overseer of the crypto industry, according to the head of the regulator, Huang Tien-mu, who made the announcement on Monday. …

Taiwan launches a cryptocurrency regulatory body – Details Read More »

The Dutch Authority for the Financial Markets (AFM) has announced that it will maintain its tough stance towards the digital assets sector despite looser European rules. Dutch authorities maintain tough stance despite looser EU rules The Chair of the agency, Laura van Geest, noted that most countries in the West are tightening the reins on …

Dutch regulator vows no leniency for crypto under MiCA Read More »