Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said local financial regulators are planning to submit a draft framework related to...
The European Union’s new crypto tax reporting regime under DAC8 is intentionally focused on enforceable targets, leaving decentralized finance (DeFi) outside its scope for now....
Banks warn stablecoins — especially those paying yield — could pull deposits out of the banking system, but policy and finance experts say there’s little...
In brief Standard Chartered estimates that $500 billion will move from bank deposits to stablecoins by 2028. Regional banks face the greatest risk as they...
This week’s regulatory developments show a familiar reality in Washington: there is broad agreement that crypto needs rules, but little consensus on how those rules...
Financial privacy is becoming the next structural battle in crypto, and neither governments nor the technology are fully prepared for mass digital surveillance or large-scale...
The regulators in the U.K. are being cautioned that their existing approach to artificial intelligence in financial services may expose consumers to severe harm, as...