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The U.S. Treasury Department and IRS have officially tossed out a controversial rule that would’ve forced non-custodial crypto service providers to report customer transactions—bringing an end to a lengthy regulatory standoff. Controversial Crypto Reporting Requirement Officially Nullified Finalized in December 2024, the rule sought to widen broker reporting under Section 6045 of the tax code … Read more
As tokenized assets gain traction and Wall Street accelerates blockchain adoption, the SEC is drawing a clear line: compliance will decide who wins the digital securities race. SEC’s Peirce Urges Compliance as Tokenization Models Evolve Investor enthusiasm for tokenized assets is climbing, but regulators are signaling that compliance—not just innovation—will define the market’s next phase. … Read more
The New Zealand government has announced it is banning crypto ATMs as part of its efforts to enhance anti-money laundering and counter-financing of terrorism measures. New Zealand Says It Is Targeting Criminals, Not Legitimate Businesses The New Zealand government has announced a ban on crypto ATMs to bolster its anti-money laundering and counter-financing of terrorism … Read more
The United Kingdom’s tax authority will implement new regulations starting January 1, 2026, requiring crypto asset users to provide tax identification numbers and other personal information to service providers. Streamlining Tax Assessments and Penalties The United Kingdom’s tax authority, His Majesty’s Revenue and Customs (HMRC), has announced new regulations that will require crypto asset users … Read more
On July 8, the Pakistan government announced the establishment of the Pakistan Virtual Assets Regulatory Authority, an independent body responsible for licensing, monitoring, and supervising virtual asset service providers (VASPs). Introduction of Virtual Assets and Trust The Pakistan government announced on July 8 the launch of the Pakistan Virtual Assets Regulatory Authority (PVARA), a body … Read more
U.S. crypto regulation is accelerating as Ripple’s top executive joins a pivotal Senate hearing that could redefine oversight, innovation, and investor protection across digital markets. Ripple CEO to Testify in Senate Crypto Hearing Amid Push for Regulatory Overhaul Momentum is building in Washington as lawmakers and industry leaders converge to shape the future of U.S. … Read more
A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities has warned Shenzhen residents to be wary of fraudulent investment projects preying on the public’s limited understanding of stablecoins. In an alert issued July 7, … Read more
On the same day the U.S. House of Representatives passed President Donald Trump’s flagship piece of legislation, the so-called “One Big Beautiful Bill,” Republican House leaders also declared the week of July 14, “Crypto Week,” according to a press release published by Arkansas House Republican French Hill. Crypto Week will feature a marathon review of … Read more
New York Attorney General Letitia James is warning that dangerously flawed stablecoin bills could expose U.S. financial markets to chaos by lacking critical guardrails and enforcement. Weak Stablecoin Bills Risk Undermining US Financial Stability, James Warns New York Attorney General Letitia James has raised concerns that proposed federal legislation on stablecoins lacks the safeguards needed … Read more
The SEC delivered sweeping guidance for crypto ETP issuers, outlining strict disclosure standards that could fast-track compliant offerings and expand institutional access to digital assets. SEC Clarifies Rules for Crypto ETPs Under Securities Acts The U.S. Securities and Exchange Commission (SEC) issued a detailed statement on July 1 clarifying how issuers of crypto asset exchange-traded … Read more
